Bloom Energy (NYSE:BE) Stock Price Down 11.6% on Analyst Downgrade

Bloom Energy Corporation (NYSE:BE) traded down 11.6% on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $314.00 to $292.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Bloom Energy traded as low as $189.00 and last traded at $192.5230. Approximately 35,717,967 shares changed hands during trading, an increase of 172% from the average session volume of 13,154,779 shares. The stock had previously closed at $217.77.

Other analysts also recently issued reports about the company. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Robert W. Baird raised their price target on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a report on Friday. Finally, Barclays upped their price objective on shares of Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the transaction, the director owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Maciej Kurzymski sold 2,295 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total value of $616,023.90. Following the completion of the transaction, the chief accounting officer directly owned 77,391 shares of the company’s stock, valued at approximately $20,773,292.22. The trade was a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 over the last three months. 3.00% of the stock is owned by corporate insiders.

More Bloom Energy News

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

• Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Strong product sales, improved margins and demand from hyperscalers supported the results. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: The company raised its 2026 outlook for the third time this year, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above Wall Street expectations. Backlog growth is reportedly outpacing revenue growth. Bloom Energy Q3 Earnings: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: JPMorgan maintained an overweight rating despite lowering its target to $292, while RBC reaffirmed outperform with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Management said its opportunity extends beyond AI data centers, with on-site power demand potentially increasing across broader electricity and industrial markets. However, the stock’s elevated valuation leaves little room for execution missteps.
• Negative Sentiment: Operating cash flow was negative, with reports citing roughly $180 million in net cash outflow during the quarter. Investors are concerned that manufacturing expansion and other capital spending could consume substantial cash before the expected growth translates into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: After a major rally tied to the AI power trade, investors appear to be locking in gains and reassessing whether projected data-center demand justifies Bloom Energy’s high valuation. Broader weakness in AI-linked stocks added to the pressure.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position 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 period. Continuum Advisory LLC acquired a new position in Bloom Energy in the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in Bloom Energy in the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in Bloom Energy in the 1st quarter valued at approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its stake 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 valued at $34,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Price Performance

The company’s 50 day moving average price is $249.46 and its 200-day moving average price is $249.56. The stock has a market cap of $56.70 billion, a P/E ratio of 256.70, a P/E/G ratio of 3.08 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.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Bloom Energy’s revenue for the quarter was up 138.1% on a year-over-year basis. As a group, sell-side analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.