Bloom Energy (NYSE:BE) Shares Gap Down – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) gapped down before the market opened on Tuesday . The stock had previously closed at $345.85, but opened at $309.35. Bloom Energy shares last traded at $322.9690, with a volume of 2,465,176 shares trading hands.

More Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Multiple recent articles highlighted Bloom Energy as a potential winner from the AI data center power boom, with coverage framing the company as part of the group solving the “AI power crisis.” 5 Stocks Solving the AI Power Crisis (BE)
• Positive Sentiment: Investor interest also picked up after a report said data center developers may build their own power if the grid cannot keep up, reinforcing the long-term demand case for Bloom’s on-site generation products. Bloom Energy Soared After a New AI Power Report. Is the Fuel Cell Stock a Buy?
• Positive Sentiment: Bloom Energy was also featured in several stock-picking and alternative-energy roundups, which can add momentum as the market looks for clean-power beneficiaries of the AI buildout. Zacks Investment Ideas feature highlights: Bloom, Oracle, Brookfield Asset Management, Crescent and Diversified Energy
• Neutral Sentiment: Bernstein initiated coverage with a Market Perform rating, which is supportive in the sense that it validates Bloom’s business, but it is not a strong bullish call. Bernstein Initiates Coverage of Bloom Energy (BE) with Market Perform. Here is Why
• Neutral Sentiment: Other recent mentions largely repeated the same AI-power theme and highlighted Bloom’s sharp prior run-up, suggesting the stock is being driven more by momentum and story flow than by a single new company-specific catalyst. A Look at Bloom Energy Corp (BE) After 5.2% Gain

Analyst Ratings Changes

BE has been the topic of a number of analyst reports. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. UBS Group set a $322.00 target price on shares of Bloom Energy in a report on Monday. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Morgan Stanley restated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Finally, Susquehanna upped their price target on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and an average price target of $224.36.

Bloom Energy Stock Down 7.5%

The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of -6,403.80 and a beta of 3.74. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a 50-day moving average of $266.13 and a two-hundred day moving average of $180.40.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares in the company, valued at approximately $59,966,328.87. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,259 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total transaction of $651,992.58. Following the transaction, the chief accounting officer directly owned 79,686 shares in the company, valued at $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 230,274 shares of company stock valued at $58,696,472 over the last ninety days. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Compound Planning Inc. boosted its position in Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares during the last quarter. Blue Trust Inc. increased its position in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. HB Wealth Management LLC increased its position in Bloom Energy by 1.6% in the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Bloom Energy by 0.7% during the 1st quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after purchasing an additional 55 shares in the last quarter. Finally, WPG Advisers LLC raised its stake in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.