Bloom Energy (NYSE:BE) Shares Down 3.7% – What’s Next?

Bloom Energy Corporation (NYSE:BE)’s share price traded down 3.7% during mid-day trading on Monday . The company traded as low as $248.58 and last traded at $253.74. 8,581,043 shares changed hands during trading, a decline of 22% from the average session volume of 11,059,732 shares. The stock had previously closed at $263.61.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target on the stock in a research note on Tuesday, April 14th. TD Cowen boosted their price target on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Mizuho set a $285.00 price target on shares of Bloom Energy in a research note on Friday, May 1st. Finally, BTIG Research boosted their price target on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Stock Down 3.7%

The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm’s 50-day simple moving average is $234.12 and its two-hundred day simple moving average is $166.33. The company has a market capitalization of $72.17 billion, a price-to-earnings ratio of -5,073.79 and a beta of 3.73.

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

Insider Buying and Selling

In other Bloom Energy news, CAO Maciej Kurzymski sold 6,229 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the sale, the chief accounting officer owned 81,945 shares of the company’s stock, valued at $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares in the company, valued at $70,949,350.77. This trade represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 323,777 shares of company stock valued at $71,485,514. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Bloom Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after buying an additional 1,240,819 shares during the period. Geode Capital Management LLC lifted its stake in shares of Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares during the period. Graticule Asia Macro Advisors LLC purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy during the fourth quarter valued at approximately $347,560,000. Finally, Trivest Advisors Ltd lifted its stake in shares of Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after buying an additional 3,201,000 shares during the period. Hedge funds and other 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.