Bloom Energy (NYSE:BE) Shares Down 1.9% – Time to Sell?

Bloom Energy Corporation (NYSE:BE) shares were down 1.9% on Wednesday . The stock traded as low as $216.28 and last traded at $238.7190. 11,150,874 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 11,706,056 shares. The stock had previously closed at $243.40.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BTIG Research increased their price objective on Bloom Energy to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Barclays upped their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. One equities research analyst has 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, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $250.41.

Bloom Energy Trading Down 14.0%

The stock has a market cap of $58.58 billion, a P/E ratio of -4,117.90 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company has a 50-day simple moving average of $279.33 and a 200-day simple moving average of $202.33.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue was up 130.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts forecast that Bloom Energy Corporation will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the sale, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Maciej Kurzymski sold 2,259 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at $22,998,973.32. This represents a 2.76% decrease in their position. 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 have sold a total of 153,617 shares of company stock valued at $44,003,909 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in BE. Blue Trust Inc. boosted its holdings in Bloom Energy by 37.2% during the first 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. Anchor Investment Management LLC acquired a new stake in Bloom Energy in the 1st quarter valued at $27,000. WPG Advisers LLC lifted its position in 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 buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares in the last quarter. Finally, Godsey & Gibb Inc. boosted its stake in shares of Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.