Bloom Energy (NYSE:BE) Stock Price Down 3.9% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price dropped 3.9% on Friday . The company traded as low as $209.12 and last traded at $209.37. 11,356,882 shares were traded during trading, a decline of 9% from the average daily volume of 12,479,487 shares. The stock had previously closed at $217.83.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: AI data-center demand remains the primary bullish catalyst. Bloom’s solid-oxide fuel cells can provide onsite electricity much faster than traditional grid infrastructure, supporting demand from data centers with urgent power needs. Analysts and bullish investors point to expanding deployments, constructive backlog expectations and the potential for backlog growth beyond the company’s previously reported $20 billion level. Prediction: Bloom Energy’s Backlog Will Top $50 Billion Before Year’s End
• Positive Sentiment: Power Connect could improve execution and accelerate revenue conversion. Bloom says its factory-integrated system pre-wires and tests equipment before delivery, potentially reducing onsite installation time by more than 40% and making the company’s solutions more attractive for rapidly expanding AI infrastructure projects. Bloom Energy Is Up 7.6% After Launching Power Connect To Speed Data Center Deployments
• Positive Sentiment: Recent fundamentals and comparisons remain supportive. Bloom recently exceeded quarterly EPS and revenue expectations, while coverage has highlighted its stronger AI-power growth outlook relative to FuelCell Energy and other energy-storage competitors. Bloom Energy vs. FuelCell Energy: Which Fuel Cell Stock Has an Edge?

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. TD Cowen reaffirmed a “hold” rating and issued a $235.00 target price on shares of Bloom Energy in a report on Monday, July 20th. Barclays lifted their price target on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $282.00 price target on shares of Bloom Energy in a report on Thursday. Finally, Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy has an average rating of “Moderate Buy” and an average price target of $248.05.

Bloom Energy Trading Down 3.9%

The stock has a market cap of $61.67 billion, a P/E ratio of 279.16, a PEG ratio of 2.89 and a beta of 3.79. The business’s 50 day simple moving average is $235.51 and its 200 day simple moving average is $219.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.Bloom Energy’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, analysts expect that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey R. Immelt sold 30,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aman Joshi sold 4,677 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $241.75, for a total transaction of $1,130,664.75. Following the sale, the insider owned 159,130 shares of the company’s stock, valued at $38,469,677.50. This trade represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,464 shares of company stock worth $22,131,255 in the last three months. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

Hedge funds have recently modified their holdings of the stock. Fortem Financial Group LLC bought a new stake in Bloom Energy during the 4th quarter worth about $369,000. Strs Ohio lifted its holdings in Bloom Energy by 24.8% during the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after purchasing an additional 8,200 shares during the last quarter. Militia Capital Management LLC bought a new stake in shares of Bloom Energy during the 1st quarter worth about $813,000. Assenagon Asset Management S.A. grew its position in shares of Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock valued at $72,611,000 after purchasing an additional 233,020 shares during the last quarter. Finally, Norges Bank bought a new position in Bloom Energy during the 4th quarter worth $239,683,000. 77.04% of the stock is owned by institutional investors.

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.