Bloom Energy (NYSE:BE) Shares Down 6.2% – Should You Sell?

Bloom Energy Corporation (NYSE:BE) shares traded down 6.2% during trading on Monday . The company traded as low as $249.01 and last traded at $258.9310. 10,914,623 shares were traded during mid-day trading, a decline of 3% from the average session volume of 11,209,151 shares. The stock had previously closed at $275.95.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. 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 raised their price target on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Barclays lifted their price target on shares of Bloom Energy to $254.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. TD Cowen raised their price objective on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group raised shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average price target of $217.48.

Bloom Energy Price Performance

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 company’s fifty day moving average price is $193.91 and its 200 day moving average price is $149.43. The firm has a market capitalization of $73.65 billion, a price-to-earnings ratio of -5,177.58 and a beta of 3.82.

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

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 20,000 shares of the business’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 completion of the transaction, the insider owned 212,365 shares in the company, valued at $43,371,303.95. The trade was a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Maciej Kurzymski sold 6,229 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 521,321 shares of company stock worth $96,830,814. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

Hedge funds have recently bought and sold shares of the company. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd bought a new position in Bloom Energy in the 4th quarter worth approximately $347,560,000. Trivest Advisors Ltd grew its holdings in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after buying an additional 3,201,000 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the 4th quarter valued at approximately $239,683,000. Finally, Jennison Associates LLC increased 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 valued at $364,066,000 after acquiring an additional 2,673,710 shares during the period. 77.04% of the stock is currently owned by institutional investors.

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.