Bloom Energy (NYSE:BE) Trading Down 1.9% – Here’s What Happened

Shares of Bloom Energy Corporation (NYSE:BE) dropped 1.9% during trading on Wednesday . The stock traded as low as $216.28 and last traded at $238.7190. Approximately 11,150,874 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 11,706,056 shares. The stock had previously closed at $243.40.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Analysts and market commentators are increasingly pointing to Bloom Energy as a beneficiary of AI-driven power demand, which is helping keep investor interest elevated. Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom
• Positive Sentiment: Clear Street raised its price target on Bloom Energy, signaling improving expectations even though the firm kept a Hold rating. Is Bloom Energy Corporation among the 8 Best Stocks to Buy Following Federal Reserve Pivot Expectations?
• Positive Sentiment: Several recent write-ups frame Bloom as a major AI infrastructure trade, noting its strong multi-year rally and continued upside if AI-related power demand stays strong. UBS says ‘buy the dip’ in Bloom Energy stock
• Neutral Sentiment: Bloom Energy has also been mentioned in valuation-focused commentary questioning whether the stock is now priced above fair value after its huge run, which may cap enthusiasm. Bloom Energy (BE) Stock Could Be Below Fair Value After A 12x Run
• Negative Sentiment: A recent short-seller attack on Bloom’s supply-chain claims is still a headline risk and could be contributing to some caution in the stock. Short seller Hunterbrook attacked Bloom Energy’s supply-chain claims

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BE shares. Wells Fargo & Company lifted their price target on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Evercore reissued an “outperform” rating and issued a $350.00 price target on shares of Bloom Energy in a report on Wednesday, July 1st. Susquehanna boosted their price objective on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Finally, Barclays upped their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bloom Energy has a consensus rating of “Hold” and an average target price of $250.41.

Bloom Energy Trading Down 1.9%

The company has a market capitalization of $67.90 billion, a PE ratio of -4,773.43 and a beta of 3.73. 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 moving average is $281.33 and its 200 day moving average is $200.48.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The company’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. As a group, equities analysts predict that Bloom Energy Corporation will post 1.4 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other news, insider Aman Joshi sold 8,343 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This trade represents a 9.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 153,617 shares of company stock worth $44,003,909. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new position in Bloom Energy during the 1st quarter valued at about $27,000. WPG Advisers LLC boosted its holdings in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. boosted its position in Bloom Energy by 2,000.0% in the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

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.