Bloom Energy (NYSE:BE) Stock Falls 6.4% – Here’s What Happened

Shares of Bloom Energy Corporation (NYSE:BE) dropped 6.4% during mid-day trading on Monday. The stock traded as low as $257.76 and last traded at $262.47. 13,755,350 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 12,970,395 shares. The stock had previously closed at $280.50.

Key Bloom Energy News

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

• Positive Sentiment: AI power demand supports the bull case. Bloom’s onsite solid oxide fuel-cell systems can provide data centers and industrial customers with faster access to electricity. Product revenue previously surged 215% to $935 million, while product gross margin reached 37.2%. An expanded Brookfield financing framework—from $5 billion to $25 billion—could help fund significantly more deployments. Bloom Energy Is Becoming AI’s Power Shortcut
• Positive Sentiment: Investors are positioning for potentially strong third-quarter results. Bloom has raised its full-year guidance twice during the first half of 2026, and another earnings beat accompanied by higher guidance could provide a catalyst. Its latest reported quarter also showed revenue growth of 165.5% year over year and earnings well above consensus. I’m Not Selling Bloom Energy Before Earnings
• Positive Sentiment: Bloom will report third-quarter 2026 results on October 22 after the market close. Management’s conference call is scheduled for 5:00 p.m. Eastern time, giving investors a near-term event to assess demand, margins, guidance and AI infrastructure growth. Bloom Energy to Announce Third Quarter 2026 Financial Results
• Neutral Sentiment: Several comparisons portray Bloom as a potentially attractive AI infrastructure or industrial growth stock relative to NextEra Energy and Vertiv, but these are editorial investment opinions rather than new company developments. Bloom Energy vs. Vertiv
• Negative Sentiment: Valuation and target-price concerns could limit upside. Bloom trades at a very high earnings multiple after rising more than 200% in 2026, while the reported average analyst target is about $258.32—roughly near the current trading range. The stock has also experienced repeated declines of 20% or more, highlighting substantial execution and sentiment risk. Bloom Energy Corporation Stock Has Average Target Price

Wall Street Analyst Weigh In

Several research firms have commented on BE. Truist Financial cut their price objective on Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Barclays raised their target price on Bloom Energy from $276.00 to $308.00 and gave the company an “equal weight” rating in a research report on Thursday, October 1st. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. BTIG Research reiterated a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group boosted their price target on Bloom Energy from $229.00 to $264.00 and gave the stock a “hold” rating in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $258.32.

Bloom Energy Trading Down 6.4%

The stock has a market capitalization of $77.30 billion, a PE ratio of 349.96, a P/E/G ratio of 3.61 and a beta of 3.77. The company’s 50 day moving average price is $247.46 and its two-hundred day moving average price is $243.18. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

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

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Soderberg sold 2,895 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the sale, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider owned 147,092 shares of the company’s stock, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Financial Solutions Inc. raised its holdings in shares of Bloom Energy by 125.6% during the 3rd quarter. Integrated Financial Solutions Inc. now owns 7,822 shares of the company’s stock worth $2,167,000 after acquiring an additional 4,355 shares during the period. Oak Grove Capital LLC grew its holdings in shares of Bloom Energy by 85.0% in the third quarter. Oak Grove Capital LLC now owns 7,400 shares of the company’s stock valued at $2,050,000 after purchasing an additional 3,400 shares during the period. Castle Rock Wealth Management LLC grew its holdings in shares of Bloom Energy by 75.6% in the third quarter. Castle Rock Wealth Management LLC now owns 2,290 shares of the company’s stock valued at $677,000 after purchasing an additional 986 shares during the period. Wedmont Private Capital purchased a new stake in shares of Bloom Energy in the third quarter valued at about $772,000. Finally, Cadent Capital Advisors LLC grew its holdings in shares of Bloom Energy by 18.7% in the third quarter. Cadent Capital Advisors LLC now owns 8,691 shares of the company’s stock valued at $2,407,000 after purchasing an additional 1,371 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

About Bloom Energy

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.