Bloom Energy (NYSE:BE) Shares Down 5.5% – Should You Sell?

Shares of Bloom Energy Corporation (NYSE:BE) traded down 5.5% during trading on Thursday . The stock traded as low as $297.97 and last traded at $308.3680. Approximately 13,061,298 shares changed hands during trading, an increase of 17% from the average daily volume of 11,150,598 shares. The stock had previously closed at $326.19.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. Sanford C. Bernstein began coverage on shares of Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target on the stock. UBS Group set a $322.00 price objective on Bloom Energy in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Mizuho set a $285.00 target price on Bloom Energy in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.36.

Bloom Energy Price Performance

The company’s 50-day simple moving average is $272.16 and its 200 day simple moving average is $183.38. The company has a market capitalization of $87.71 billion, a P/E ratio of -6,166.13 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share 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 business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter last year, the firm earned $0.03 EPS. Bloom Energy’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Activity at Bloom Energy

In other news, Director Mary K. Bush sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the transaction, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. This represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 230,274 shares of company stock valued at $58,696,472. Insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of BE. Compound Planning Inc. raised its holdings in Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after purchasing an additional 38 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Bloom Energy by 1.6% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after buying an additional 54 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Bloom Energy by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock valued at $1,136,000 after buying an additional 55 shares during the period. Finally, WPG Advisers LLC grew its holdings 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. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.