Bloom Energy (NYSE:BE) Trading Down 2.2% – Time to Sell?

Bloom Energy Corporation (NYSE:BE) traded down 2.2% during trading on Wednesday . The stock traded as low as $132.14 and last traded at $132.4830. 10,915,140 shares changed hands during trading, a decline of 6% from the average session volume of 11,624,898 shares. The stock had previously closed at $135.49.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BE shares. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. Jefferies Financial Group decreased their price objective on shares of Bloom Energy to $97.00 and set an “underperform” rating on the stock in a report on Friday, March 27th. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Finally, BTIG Research upped their price target on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $131.65.

Bloom Energy Price Performance

The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The company has a 50 day moving average of $150.78 and a 200-day moving average of $120.99. The firm has a market capitalization of $37.99 billion, a P/E ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 19,944 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider owned 190,521 shares in the company, valued at $29,502,176.85. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kr Sridhar sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the transaction, the chief executive officer directly owned 2,189,869 shares in the company, valued at $372,277,730. This represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 380,092 shares of company stock valued at $62,724,725 in the last three months. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC increased its stake in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Orion Capital Management LLC lifted its position in shares of Bloom Energy by 0.7% during the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after acquiring an additional 83 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after purchasing an additional 87 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after purchasing an additional 88 shares in the last quarter. Finally, Reliant Investment Management LLC increased its position in shares of Bloom Energy by 3.6% in the fourth quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock worth $222,000 after purchasing an additional 90 shares during the period. 77.04% of the stock is currently owned by institutional investors.

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.