Bloom Energy (NYSE:BE) Stock Falls 6.7% on Insider Selling

Shares of Bloom Energy Corporation (NYSE:BE) dropped 6.7% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $190.60 and last traded at $199.6250. 23,548,778 shares changed hands during trading, an increase of 77% from the average daily volume of 13,283,512 shares. The stock had previously closed at $214.01.

Specifically, Director John Chambers sold 8,828 shares of Bloom Energy stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $203.43, for a total value of $1,795,880.04. Following the completion of the sale, the director directly owned 199,505 shares in the company, valued at $40,585,302.15. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BE shares. Evercore restated an “outperform” rating on shares of Bloom Energy in a research report on Monday, October 26th. Citigroup lifted their price target on shares of Bloom Energy from $281.00 to $284.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Morgan Stanley raised their price objective on shares of Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen 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 a consensus rating of “Hold” and a consensus price target of $263.05.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and earnings per share of $0.94, ahead of estimates. The company also raised full-year revenue guidance to $4.4 billion–$4.6 billion, while its fourth-quarter outlook implies revenue of $1.35 billion–$1.55 billion. Bloom Energy’s New Guidance Implies Up to $1.55 Billion in Q4 Revenue
• Positive Sentiment: Demand for on-site power at AI data centers is a key growth driver, as fuel cells can provide electricity sooner than waiting for grid upgrades. Barclays upgraded Bloom to Overweight and set a $289 price target, though it lowered the target from $316. Bloom Energy: The Off-Grid Answer to AI’s Power Drain
• Positive Sentiment: A non-binding agreement with California Resources Corporation will assess at least 1 gigawatt of fuel-cell power paired with carbon capture. The proposal could expand Bloom’s opportunities with data centers, utilities, and industrial customers, but is not yet a firm order. California Resources Corporation Announces Strategic Collaboration
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his holdings by 4.24%; he retained 199,505 shares after the sale. Bloom Energy Insider Transaction
• Negative Sentiment: A Seeking Alpha contributor downgraded Bloom to Hold and set a $176 price target, citing concerns about slowing growth, negative sentiment toward AI-related stocks, and uncertainty about further margin improvement despite recent strong results. Bloom Energy: Downgrading To Hold As The Negativity Grows Louder
• Negative Sentiment: Bloom’s elevated valuation leaves the shares sensitive to any doubts about whether AI power demand, proposed projects, and expected margin gains will translate into sustained earnings growth.

Bloom Energy Trading Down 6.7%

The business has a 50 day simple moving average of $248.26 and a 200-day simple moving average of $220.48. The stock has a market capitalization of $59.02 billion, a price-to-earnings ratio of 122.47, a PEG ratio of 1.98 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.15 earnings per share. Bloom Energy’s revenue was up 138.1% compared to the same quarter last year. As a group, equities analysts expect that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. lifted its position in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Compound Planning Inc. increased 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Bloom Energy by 13.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after purchasing an additional 43 shares during the period. Carolina Wealth Advisors LLC raised its stake in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the period. Finally, Truefg LLC lifted its holdings in shares of Bloom Energy by 2.4% in the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.