Bloom Energy (NYSE:BE) Trading Down 10.8% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) dropped 10.8% on Thursday . The stock traded as low as $136.60 and last traded at $138.79. Approximately 13,220,815 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 13,087,955 shares. The stock had previously closed at $155.54.

Analyst Upgrades and Downgrades

Several research analysts have commented on BE shares. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Evercore reissued an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. Bank of America set a $39.00 target price on Bloom Energy in a research note on Tuesday, November 25th. China Renaissance began coverage on Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price target for the company. Finally, Robert W. Baird set a $172.00 price target on Bloom Energy in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $132.61.

Bloom Energy Stock Performance

The company has a fifty day moving average price of $121.53 and a two-hundred day moving average price of $95.42. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of -365.24, a price-to-earnings-growth ratio of 6.08 and a beta of 3.07. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the company earned $0.43 earnings per share. Bloom Energy’s revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,583 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $105.97, for a total transaction of $167,750.51. Following the completion of the sale, the insider owned 221,633 shares in the company, valued at approximately $23,486,449.01. This represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider directly owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,639 shares of company stock valued at $1,496,660 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of BE. Vanguard Group Inc. increased its stake in Bloom Energy by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after purchasing an additional 1,240,819 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares in the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in shares of Bloom Energy in the third quarter worth about $402,494,000. Trivest Advisors Ltd increased its position in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after acquiring an additional 3,201,000 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Bloom Energy in the fourth quarter worth approximately $239,683,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

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.