Bloom Energy (NYSE:BE) Shares Gap Down – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $239.34, but opened at $224.28. Bloom Energy shares last traded at $226.2160, with a volume of 5,953,376 shares traded.

Bloom Energy News Roundup

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

• Positive Sentiment: Oracle reportedly designated Bloom Energy as the primary power source for a large AI campus and reaffirmed Bloom’s role in Project Jupiter. The development supports demand for Bloom’s fuel-cell systems and strengthens its position in data-center power infrastructure. Bloom Energy Got Good News From Oracle and Fell Anyway
• Positive Sentiment: Robert W. Baird raised its Bloom Energy price target to $351 from $310 and maintained an “outperform” rating, reflecting confidence in the company’s AI-related growth opportunity. Bloom Energy analyst price target report
• Positive Sentiment: Bloom’s management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, potentially about double its 2025 revenue, supporting the long-term growth case. Bloom Energy Stock Is 31% Below Its Record

Analysts Set New Price Targets

Several equities research analysts have weighed in on BE shares. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a report on Friday, August 7th. Mizuho upped their target price on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Truist Financial dropped their price target on Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price objective on shares of Bloom Energy in a report on Monday, September 28th. Finally, Clear Str raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.05.

Bloom Energy Stock Performance

The business’s 50-day simple moving average is $249.11 and its 200 day simple moving average is $245.54. The firm has a market cap of $67.70 billion, a P/E ratio of 306.16, a P/E/G ratio of 3.39 and a beta of 3.77. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Bloom Energy’s revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the transaction, the insider directly owned 129,370 shares of the company’s stock, valued at $30,220,832. The trade was a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total value 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. This represents a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 89,698 shares of company stock worth $21,780,758 in the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently bought and sold shares of BE. Jennison Associates LLC raised its holdings in Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the period. Bank of America Corp DE boosted its stake in shares of Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after purchasing an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after purchasing an additional 583,135 shares during the period. Elemental Capital Partners LLC raised its position in Bloom Energy by 2.5% during the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after purchasing an additional 25,625 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bloom Energy in the 2nd quarter valued at about $296,413,000. Institutional investors own 77.04% of the company’s stock.

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.