Bloom Energy (NYSE:BE) Shares Down 5.2% – Here’s Why

Shares of Bloom Energy Corporation (NYSE:BE) traded down 5.2% during mid-day trading on Friday. The stock traded as low as $183.89 and last traded at $191.4640. 15,790,384 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 13,499,978 shares. The stock had previously closed at $201.93.

Bloom Energy News Summary

These are some of the BE news items that stood out recently:

• Positive Sentiment: Analysts see potential for further upside: HSBC highlighted room for a rebound, while a Seeking Alpha contributor upgraded the stock, citing an improved investment story. The key question remains whether rising orders translate into cash. HSBC Sees Room for a Big Rebound in Bloom Energy Stock Bloom Energy: The Story Has Gotten Much Better
• Neutral Sentiment: Recent coverage emphasizes strong demand potential from AI data centers, but also notes that Bloom’s rapid growth and large orders need to be weighed against cash burn and the possibility that an AI investment slowdown would curb power demand. Bloom Energy Has Found an Unexpected Customer: AI These Energy Stocks Can’t Escape Nvidia’s Wake
• Negative Sentiment: Valuation is a near-term risk after the stock’s large run-up, and investors may be taking profits while reassessing whether recent earnings and orders justify the share price. Coverage also describes a steep monthly pullback, underscoring the stock’s volatility. Bloom Energy stock faces valuation test after profit surge Bloom Energy Is Down 27% in a Month

Analysts Set New Price Targets

BE has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Bloom Energy from $176.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $242.00 target price on shares of Bloom Energy in a research note on Friday, October 23rd. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Sanford C. Bernstein upped their price target on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research note on Friday, October 23rd. Finally, Mizuho increased their price target on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $263.05.

Bloom Energy Stock Down 5.2%

The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $56.61 billion, a PE ratio of 117.46, a PEG ratio of 2.04 and a beta of 3.63. The firm’s fifty day moving average is $244.02 and its 200-day moving average is $222.24.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. On average, equities research analysts predict that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director Barbara J. Burger sold 2,333 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total transaction of $501,711.65. Following the transaction, the director directly owned 36,607 shares in the company, valued at approximately $7,872,335.35. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Chambers sold 8,828 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the completion of the transaction, the director directly owned 199,505 shares of the company’s stock, valued at approximately $40,585,302.15. This trade represents a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,234 shares of company stock valued at $14,941,626. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. grew its holdings in Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the period. Compound Planning Inc. raised its position in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after acquiring an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Bloom Energy by 13.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after purchasing an additional 43 shares during the period. Carolina Wealth Advisors LLC lifted its stake in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the period. Finally, Truefg LLC lifted its stake in shares of Bloom Energy by 2.4% in the 3rd quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.