Bloom Energy (NYSE:BE) Trading Down 3% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) was down 3% during mid-day trading on Thursday . The stock traded as low as $151.80 and last traded at $159.87. Approximately 9,373,362 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 12,029,921 shares. The stock had previously closed at $164.78.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BE shares. Wells Fargo & Company lifted their price objective on shares of Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Jefferies Financial Group set a $102.00 price target on Bloom Energy in a report on Tuesday, February 10th. BMO Capital Markets boosted their price objective on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. TD Cowen raised their target price on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Roth Mkm upped their price target on Bloom Energy to $133.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Stock Down 3.0%

The company has a 50 day moving average of $138.98 and a 200-day moving average of $107.69. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company has a market cap of $44.85 billion, a P/E ratio of -420.71, a price-to-earnings-growth ratio of 6.25 and a beta of 3.11.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer directly owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. The trade was a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary S. Pinkus sold 1,250 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.80, for a total transaction of $207,250.00. Following the completion of the transaction, the director owned 4,149 shares of the company’s stock, valued at $687,904.20. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 268,788 shares of company stock valued at $45,575,889 over the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. WPG Advisers LLC lifted its position in 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 buying an additional 67 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Bloom Energy in the 4th quarter worth approximately $28,000. Fifth Third Bancorp purchased a new stake in Bloom Energy in the third quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC bought a new position in Bloom Energy during the third quarter valued at approximately $32,000. 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.