Bloom Energy (NYSE:BE) Stock Price Down 4.4% – Should You Sell?

Bloom Energy Corporation (NYSE:BE) shares were down 4.4% during trading on Monday . The stock traded as low as $270.00 and last traded at $272.4150. Approximately 10,232,834 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 11,132,491 shares. The stock had previously closed at $285.00.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BE shares. Wells Fargo & Company lifted their price objective on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Robert W. Baird lifted their price objective on Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. BMO Capital Markets lifted their price objective on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. UBS Group lifted their price objective on Bloom Energy to $251.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada lifted their price objective on Bloom Energy to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.48.

Bloom Energy Stock Performance

The company has a market cap of $77.49 billion, a PE ratio of -5,447.21 and a beta of 3.74. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The business has a fifty day moving average of $220.81 and a 200-day moving average of $160.38.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the previous year, the business earned $0.03 EPS. Bloom Energy’s revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the transaction, the insider owned 341,731 shares in the company, valued at $95,342,949. This trade represents a 9.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 268,777 shares of company stock worth $55,112,564 over the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 51 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Bloom Energy during the 1st quarter worth approximately $27,000. Godsey & Gibb Inc. grew its holdings 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 acquiring an additional 200 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Bloom Energy by 10,000.0% during the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after acquiring an additional 300 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of 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 acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.