Bloom Energy (NYSE:BE) Shares Down 1.1% – Here’s Why

Bloom Energy Corporation (NYSE:BE) was down 1.1% on Thursday. The company traded as low as $215.12 and last traded at $236.74. Approximately 17,481,312 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 13,021,627 shares. The stock had previously closed at $239.34.

More Bloom Energy News

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

• Positive Sentiment: Oracle reaffirmed Bloom Energy’s role in Project Jupiter, naming Bloom’s fuel-cell technology as the primary power source for a large AI campus. The endorsement supports Bloom’s potential to benefit from rising data-center electricity demand. Bloom Energy Got Good News From Oracle and Fell Anyway
• Positive Sentiment: Robert W. Baird raised its price target on Bloom Energy to $351 from $310 and maintained an “outperform” rating. Roth Capital also recently increased its target to $260 from $225, reflecting growing market acceptance ahead of third-quarter results.
• Positive Sentiment: Management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, potentially about twice 2025 revenue. Some valuation analysis argues the shares could be undervalued if Bloom converts anticipated growth into strong future cash flow. Bloom Energy Stock Is 31% Below Its Record
• Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but Zacks says the company lacks the typical combination of positive earnings revisions and estimate momentum that often precedes a beat. Results and guidance could therefore increase volatility.
• Negative Sentiment: The AI power trade is unwinding. Bloom and other companies linked to data-center infrastructure are falling as investors question whether massive AI spending plans can be funded without excessive debt. Bloom’s sharp prior rally has made it particularly sensitive to profit-taking.
• Negative Sentiment: Macro conditions are pressuring the sector. Hot inflation data, elevated oil prices and concerns that interest rates may remain high are weighing on capital-intensive data-center and energy infrastructure stocks.
• Negative Sentiment: Valuation remains a risk. Bloom trades at a very high multiple of trailing earnings, leaving limited room for disappointment if revenue growth, margins or AI-related contract momentum fall short of expectations.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BE shares. Truist Financial lowered their price objective on Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and issued a $282.00 price target on shares of Bloom Energy in a research note on Wednesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Citigroup reissued a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Finally, Wells Fargo & Company decreased their price target on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.05.

Bloom Energy Price Performance

The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 315.65, a PEG ratio of 3.39 and a beta of 3.77. The stock’s 50 day simple moving average is $249.11 and its 200-day simple moving average is $245.54.

Bloom Energy (NYSE:BE) last released 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. Bloom Energy’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Soderberg sold 2,895 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the sale, the insider directly owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Bloom Energy stock in a transaction on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the transaction, the director owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of the business. Jennison Associates LLC grew its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Bloom Energy in the 2nd quarter valued at approximately $296,413,000. Polar Capital Holdings Plc acquired a new stake in shares of Bloom Energy during the 4th quarter worth approximately $76,234,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bloom Energy by 78.3% during 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. Finally, Bessemer Group Inc. lifted its position in Bloom Energy by 228.0% in the first quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock worth $79,660,000 after purchasing an additional 408,687 shares during the period. 77.04% of the stock is owned by institutional investors.

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.