Bloom Energy Corporation (NYSE:BE – Get Free Report)’s stock price traded down 7.4% on Tuesday . The stock traded as low as $300.31 and last traded at $320.40. 11,328,141 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 11,134,284 shares. The stock had previously closed at $345.85.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy is being highlighted as a major winner from AI data center power demand, with investors viewing its fuel-cell technology as a practical solution for on-site electricity needs. Famous Short-Seller Says We’re In an AI Energy Bubble. Will Bloom Energy Prove Him Wrong?
- Positive Sentiment: Bloom was featured in multiple bullish “AI power crisis” and alternative-energy roundups, reinforcing momentum around the stock’s role in powering data centers. 5 Stocks Solving the AI Power Crisis
- Neutral Sentiment: Bernstein initiated coverage on Bloom Energy with a Market Perform rating, which suggests the analyst sees continued relevance but not clear near-term upside from current levels. Bernstein Initiates Coverage of Bloom Energy (BE) with Market Perform. Here is Why
- Neutral Sentiment: Recent investor commentary says the stock looks expensive after its surge, with valuation stretched well above some fair-value estimates. Buy, Hold, or Sell: Bloom Energy Stock Ripped Past $345 to an All-Time High. Is This AI Energy Play a Dangerous Value Trap?
- Negative Sentiment: Short-seller Jim Chanos’ warning about an AI energy bubble is adding skepticism and could pressure sentiment if investors start questioning whether the rally has gone too far. Famous Short-Seller Says We’re In an AI Energy Bubble. Will Bloom Energy Prove Him Wrong?
Wall Street Analysts Forecast Growth
Several research analysts have commented on BE shares. JPMorgan Chase & Co. boosted their target price on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Robert W. Baird lifted their price target on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. BTIG Research upped their price objective on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays increased their price objective on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, TD Cowen raised their target price on shares of Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Two 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $224.36.
Bloom Energy Stock Performance
The firm has a market capitalization of $91.14 billion, a P/E ratio of -6,406.72 and a beta of 3.74. The company has a 50-day moving average of $266.13 and a 200-day moving average of $180.40. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.
Bloom Energy (NYSE:BE – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s revenue was up 130.4% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Satish Chitoori sold 2,837 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of Bloom Energy stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.63, for a total transaction of $820,286.46. Following the transaction, the insider directly owned 132,265 shares of the company’s stock, valued at $38,175,646.95. This represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 230,274 shares of company stock worth $58,696,472. Corporate insiders own 3.00% of the company’s stock.
Institutional Investors Weigh In On Bloom Energy
Several institutional investors and hedge funds have recently made changes to their positions in BE. Compound Planning Inc. increased its holdings 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 purchasing an additional 38 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Bloom Energy by 1.6% during the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after buying an additional 54 shares during the period. Glenmede Trust Co. NA grew its position in shares of Bloom Energy by 0.7% during the 1st quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after buying an additional 55 shares during the period. Finally, WPG Advisers LLC increased its stake in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.
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.
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