Bloom Energy (NYSE:BE) Shares Down 1.1% – Time to Sell?

Bloom Energy Corporation (NYSE:BE) dropped 1.1% during mid-day trading 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.

Key Headlines Impacting Bloom Energy

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 Analysts Forecast Growth

A number of equities research analysts have weighed in on BE shares. BTIG Research reiterated a “buy” rating and issued a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Citigroup restated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Roth Capital restated a “neutral” rating and set a $260.00 target price on shares of Bloom Energy in a research report on Tuesday. TD Cowen upgraded shares of Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and an average price target of $259.05.

Bloom Energy Stock Down 1.1%

The firm has a 50 day simple moving average of $249.11 and a two-hundred day simple moving average of $245.54. The company has a market capitalization of $69.73 billion, a PE ratio of 315.65, a P/E/G ratio of 3.39 and a beta of 3.77. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period last year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Research analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In related news, Director Jeffrey Immelt sold 30,000 shares of the stock in a transaction dated Monday, August 17th. The shares were 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 directly owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Chambers sold 15,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the completion of the sale, the director directly owned 208,333 shares in the company, valued at $52,083,250. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 89,698 shares of company stock valued at $21,780,758. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Bloom Energy by 34.8% during the third quarter. Assenagon Asset Management S.A. now owns 323,295 shares of the company’s stock worth $89,546,000 after purchasing an additional 83,418 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Bloom Energy by 402.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,902 shares of the company’s stock worth $7,728,000 after buying an additional 22,344 shares during the period. Formuepleje A S purchased a new stake in Bloom Energy during the third quarter valued at about $520,000. Nvwm LLC purchased a new stake in Bloom Energy during the third quarter valued at about $56,000. Finally, HBW Advisory Services LLC increased its stake in Bloom Energy by 9.5% during the third quarter. HBW Advisory Services LLC now owns 1,281 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other 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.