Bloom Energy (NYSE:BE) Trading Down 2.1% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price was down 2.1% during mid-day trading on Monday . The stock traded as low as $202.88 and last traded at $206.39. 9,853,272 shares traded hands during trading, a decline of 21% from the average session volume of 12,463,965 shares. The stock had previously closed at $210.77.

Analysts Set New Price Targets

Several brokerages recently weighed in on BE. JPMorgan Chase & Co. cut their price objective on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, July 29th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Bloom Energy in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.05.

Bloom Energy Price Performance

The stock has a 50 day moving average of $230.58 and a two-hundred day moving average of $220.33. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a market capitalization of $62.83 billion, a P/E ratio of 284.41, a P/E/G ratio of 2.83 and a beta of 3.79.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $826.13 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts predict that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shawn Marie Soderberg sold 2,895 shares of Bloom Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the transaction, the insider owned 129,370 shares in the company, valued at $30,220,832. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,053 shares of Bloom Energy stock in a transaction on Friday, August 14th. The stock was sold at an average price of $241.64, for a total transaction of $496,086.92. Following the completion of the transaction, the insider owned 205,364 shares in the company, valued at $49,624,156.96. This trade represents a 0.99% 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. Insiders sold 89,464 shares of company stock valued at $22,131,255 in the last three months. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in Bloom Energy by 39,637.2% during the 2nd quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company’s stock valued at $37,391,539,000 after purchasing an additional 123,215,865 shares during the period. Geode Capital Management LLC increased its position in Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after buying an additional 269,662 shares during the period. Brooklands Fund Management Ltd bought a new position in Bloom Energy in the 4th quarter worth approximately $347,560,000. Amundi increased its position in Bloom Energy by 390.7% in the 4th quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after buying an additional 2,511,426 shares during the period. Finally, Norges Bank acquired a new position in shares of Bloom Energy during the fourth quarter worth approximately $239,683,000. 77.04% of the stock is currently owned by institutional investors.

About Bloom Energy

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.