Bloom Energy (NYSE:BE) Shares Down 6.4% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares fell 6.4% during mid-day trading on Monday. The company traded as low as $257.76 and last traded at $262.47. Approximately 13,755,350 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 12,970,395 shares. The stock had previously closed at $280.50.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Roth Capital reiterated a “neutral” rating and issued a $260.00 target price on shares of Bloom Energy in a report on Tuesday. TD Cowen raised Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a research report on Monday, September 28th. UBS Group increased their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.18.

Bloom Energy Stock Down 9.4%

The firm has a market cap of $70.33 billion, a PE ratio of 320.80, a price-to-earnings-growth ratio of 3.38 and a beta of 3.77. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average price of $249.02 and a two-hundred day moving average price of $244.80.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Soderberg sold 2,895 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the transaction, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 over the last three months. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. lifted its position in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Compound Planning Inc. increased its stake in shares of Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after buying an additional 38 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after purchasing an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 46 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.