Bloom Energy (NYSE:BE) Trading Down 1.5% – Here’s Why

Bloom Energy Corporation (NYSE:BE) was down 1.5% on Thursday . The company traded as low as $155.65 and last traded at $156.7430. Approximately 9,133,420 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 11,970,792 shares. The stock had previously closed at $159.21.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BE shares. Wells Fargo & Company increased their price objective on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Daiwa Securities Group set a $98.00 target price on shares of Bloom Energy in a report on Tuesday, December 2nd. Roth Mkm raised their price target on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, UBS Group reiterated a “buy” rating and set a $170.00 price target on shares of Bloom Energy in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.87.

Bloom Energy Trading Down 1.5%

The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $43.97 billion, a price-to-earnings ratio of -412.48, a price-to-earnings-growth ratio of 6.29 and a beta of 3.11. The business has a 50 day simple moving average of $145.29 and a 200-day simple moving average of $111.41.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating 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 company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly 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. On average, equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Satish Chitoori sold 1,521 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total value of $211,981.77. Following the transaction, the insider directly owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. This trade represents a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total value of $1,756,000.00. Following the completion of the transaction, the insider owned 210,465 shares in the company, valued at $36,957,654. The trade was a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 268,788 shares of company stock worth $45,575,889 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. acquired a new position in shares of Bloom Energy in the 2nd quarter valued at about $108,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy during the third quarter worth about $553,000. Creekmur Asset Management LLC bought a new position in Bloom Energy in the third quarter worth about $1,825,000. Udine Wealth Management Inc. boosted its stake in Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares during the period. Finally, Straight Path Wealth Management acquired a new position in Bloom Energy in the third quarter valued at approximately $1,099,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.