Bloom Energy Corporation (NYSE:BE – Get Free Report)’s stock price was down 5.5% on Thursday . The stock traded as low as $297.97 and last traded at $308.3680. 13,061,298 shares traded hands during trading, an increase of 17% from the average session volume of 11,150,598 shares. The stock had previously closed at $326.19.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy continues to be viewed as a key beneficiary of rising AI data center power demand, with articles highlighting it as a solution to one of AI’s biggest infrastructure constraints. This Energy Stock Is Helping Solve AI’s Biggest Constraint
- Positive Sentiment: Bloom Energy has been described as a hot AI infrastructure stock that has surged sharply over the last year, showing strong investor enthusiasm for its fuel cell systems. This AI Infrastructure Stock Is Up 14X in the Last Year (Hint: It’s Not Micron)
- Neutral Sentiment: Bloom Energy remains a stock market favorite in broader coverage, but the headline does not add a clear new operational catalyst for the company. Bloom Energy
- Neutral Sentiment: Analysts and commentators are debating whether Bloom Energy is still a buy, with the main concern being that the stock now trades at a rich valuation after its rally. Is Bloom Energy a Buy Now?
- Negative Sentiment: Bloom Energy shares are under pressure as traders lock in gains after the recent surge to new highs, suggesting the move may be overextended in the short term. Bloom Energy Shares Are Sliding Friday: What’s Going On?
- Negative Sentiment: Market commentary notes a sharp reversal in fuel cell stocks, with Bloom Energy singled out as falling while peers diverged, reinforcing the profit-taking narrative. FuelCell Energy Rockets 24%, Bloom Energy Tumbles 14% in a Stunning Fuel Cell Divergence
- Negative Sentiment: Another report described a profit-taking reversal across fuel cell names, indicating that some of the recent enthusiasm in the sector is fading. FuelCell Energy Drops 10%, Bloom Energy Falls 7% in a Profit-Taking Reversal as Plug Power Edges Up
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their target price on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein started coverage on shares of Bloom Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 target price for the company. Roth Mkm set a $225.00 price target on Bloom Energy in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.36.
Bloom Energy Stock Down 16.6%
The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The firm has a market capitalization of $73.33 billion, a PE ratio of -5,154.99 and a beta of 3.73. The company has a fifty day moving average price of $274.84 and a 200-day moving average price of $185.22.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Bloom Energy’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.
Insider Transactions at Bloom Energy
In related news, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the transaction, the insider owned 180,521 shares in the company, valued at approximately $24,529,193.48. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shawn Marie Soderberg sold 35,000 shares of the business’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 sale, the insider directly owned 341,731 shares in the company, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 230,274 shares of company stock worth $58,696,472 in the last quarter. Company insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Bloom Energy
Large investors have recently modified their holdings of the stock. Compound Planning Inc. lifted its position in Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after buying an additional 38 shares during the last quarter. Blue Trust Inc. increased its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $466,000 after acquiring an additional 54 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Bloom Energy by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock valued at $1,136,000 after acquiring an additional 55 shares during the period. Finally, WPG Advisers LLC lifted its holdings in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.
Bloom Energy Company Profile
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.
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