Bloom Energy (NYSE:BE) Shares Down 3% – Should You Sell?

Bloom Energy Corporation (NYSE:BE)’s stock price fell 3% during mid-day trading on Thursday . The stock traded as low as $151.80 and last traded at $159.87. 9,373,362 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 12,029,921 shares. The stock had previously closed at $164.78.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BE shares. Roth Mkm boosted their target price on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company boosted their price objective on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a research note on Tuesday, January 27th. Daiwa Securities Group set a $98.00 target price on Bloom Energy in a research report on Tuesday, December 2nd. Finally, Evercore reiterated an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.87.

Bloom Energy Price Performance

The stock has a market cap of $44.85 billion, a PE ratio of -420.71, a P/E/G ratio of 6.25 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The business has a 50 day moving average price of $138.98 and a two-hundred day moving average price of $107.69.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the completion of the transaction, the insider owned 210,465 shares in the company, valued at approximately $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 268,788 shares of company stock worth $45,575,889 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Bloom Energy

A number of large investors have recently bought and sold shares of BE. Bayforest Capital Ltd purchased a new position in shares of Bloom Energy during the 1st quarter valued at $2,055,000. AQR Capital Management LLC bought a new stake in Bloom Energy in the 1st quarter valued at about $1,820,000. NewEdge Advisors LLC raised its stake in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

About Bloom Energy

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.