Bloom Energy (NYSE:BE) Shares Down 2.5% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) shares traded down 2.5% on Thursday. The company traded as low as $219.01 and last traded at $222.28. 9,511,057 shares traded hands during trading, a decline of 28% from the average session volume of 13,198,824 shares. The stock had previously closed at $228.08.

Key Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy raised its 2026 guidance as power demand from data centers accelerates. Management also outlined plans to expand manufacturing capacity, pursue utility partnerships and develop carbon-capture opportunities. Bloom Energy Q3 Earnings Call Highlights Guidance Hike & Capacity Plan
• Positive Sentiment: Third-quarter revenue reached approximately $1.236 billion, a 138% year-over-year increase, and management lifted full-year revenue guidance to $4.4 billion-$4.6 billion. The quarter also exceeded analyst expectations for earnings and revenue. Bloom Energy: One Year Later, I’m Still Long
• Positive Sentiment: Analyst upgrades from Wells Fargo and other firms prompted favorable coverage, with reports noting that the stock moved above its 200-day moving average. These actions reinforce optimism about Bloom’s AI-related power opportunity. Bloom Energy Stock Jumps on Analyst Upgrade
• Neutral Sentiment: Investors continue to debate whether Bloom’s substantial long-term share-price gains and AI data-center contracts are adequately supported by future cash generation. Analysts see significant earnings growth, but the stock’s valuation leaves limited room for execution missteps. Is Bloom Energy Stock Cheap After AI Demand and Cash Flow Concerns?
• Negative Sentiment: Working capital expanded sharply, including contract assets of $858.6 million and receivables of $634.7 million. Oracle-related customer consideration of $306.5 million also remains an important test of Bloom’s ability to secure favorable terms from hyperscale customers. Bloom Energy: One Year Later, I’m Still Long
• Negative Sentiment: A separate analyst downgrade cautioned that Bloom’s expectations and valuation may have become too aggressive after its rally. The opposing recommendations create uncertainty and may encourage profit-taking despite the strong operating outlook. Bloom Energy: Buckle Up, Things Are About To Change

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group upped their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. cut their price target on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Susquehanna raised their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $264.33.

Bloom Energy Stock Performance

The business has a 50 day moving average price of $247.84 and a 200 day moving average price of $219.02. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The stock has a market cap of $65.47 billion, a P/E ratio of 136.37, a PEG ratio of 2.50 and a beta of 3.77.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. Bloom Energy’s quarterly revenue was up 138.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, sell-side analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 8,437 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares of the company’s stock, valued at $40,769,489.64. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider owned 202,494 shares in the company, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock worth $401,849,000 after purchasing an additional 583,135 shares during the period. Jennison Associates LLC increased its holdings in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Bank of America Corp DE increased its holdings in Bloom Energy by 6.1% in the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after buying an additional 126,649 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bloom Energy during the 2nd quarter worth about $296,413,000. Finally, Elemental Capital Partners LLC increased its stake in shares of Bloom Energy by 2.5% in the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after purchasing an additional 25,625 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.