Bloom Energy (NYSE:BE) Stock Price Down 4.5% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s stock price dropped 4.5% during trading on Monday . The company traded as low as $228.30 and last traded at $233.4950. 10,009,137 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 11,732,188 shares. The stock had previously closed at $244.61.

Analysts Set New Price Targets

Several research firms have issued reports on BE. Barclays upped their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Susquehanna lifted 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. Citigroup restated a “neutral” rating on shares of Bloom Energy in a report on Thursday, May 28th. BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $250.41.

Bloom Energy Price Performance

The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The business has a 50-day simple moving average of $281.33 and a 200 day simple moving average of $200.48. The firm has a market cap of $69.25 billion, a P/E ratio of -4,868.27 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts anticipate that Bloom Energy Corporation will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,259 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total transaction of $651,992.58. Following the transaction, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at approximately $22,998,973.32. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares of the company’s stock, valued at $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 153,617 shares of company stock valued at $44,003,909 over the last quarter. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tema ETFs LLC raised its stake in Bloom Energy by 60.8% in the second quarter. Tema ETFs LLC now owns 113,313 shares of the company’s stock worth $34,300,000 after buying an additional 42,828 shares in the last quarter. E. Ohman J or Asset Management AB boosted its position in Bloom Energy by 21.2% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 9,214 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,610 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of Bloom Energy during the 2nd quarter worth approximately $295,000. Finally, Veery Capital LLC purchased a new position in shares of Bloom Energy during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.