Bloom Energy (NYSE:BE) Stock Price Down 3% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price fell 3% during trading on Thursday . The stock traded as low as $151.80 and last traded at $159.87. 9,373,362 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 12,029,921 shares. The stock had previously closed at $164.78.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Mizuho raised their target price on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Daiwa Securities Group set a $98.00 price target on shares of Bloom Energy in a report on Tuesday, December 2nd. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Jefferies Financial Group set a $102.00 price objective on shares of Bloom Energy in a research note on Tuesday, February 10th. Finally, Roth Mkm lifted their price objective on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Trading Down 15.1%

The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The firm has a market cap of $38.10 billion, a price-to-earnings ratio of -357.37, a price-to-earnings-growth ratio of 6.53 and a beta of 3.11. The business’s 50-day moving average price is $141.26 and its two-hundred day moving average price is $108.67.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter last year, the business earned $0.43 earnings per share. Bloom Energy’s revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,521 shares of Bloom Energy stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total value of $211,981.77. Following the completion of the sale, the insider owned 230,017 shares in the company, valued at $32,057,469.29. The trade was a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider directly owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 268,788 shares of company stock valued at $45,575,889. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BE. Resona Asset Management Co. Ltd. acquired a new stake in shares of Bloom Energy in the second quarter worth $108,000. Meridian Wealth Management LLC acquired a new position in shares of Bloom Energy during the 3rd quarter valued at $553,000. Creekmur Asset Management LLC acquired a new position in shares of Bloom Energy during the 3rd quarter valued at $1,825,000. Udine Wealth Management Inc. boosted its position in Bloom Energy by 27.8% during the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after purchasing an additional 13,684 shares during the period. Finally, Straight Path Wealth Management purchased a new stake in Bloom Energy during the 3rd quarter worth $1,099,000. 77.04% of the stock is currently owned by hedge funds and other 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.