Bloom Energy (NYSE:BE) Stock Price Down 8.7% – Here’s Why

Bloom Energy Corporation (NYSE:BE) fell 8.7% during trading on Tuesday . The company traded as low as $261.51 and last traded at $269.3180. Approximately 11,081,310 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 11,660,904 shares. The stock had previously closed at $295.05.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy said it “categorically rejects” the short-seller allegations and will correct the record, easing some investor concerns and sparking a rebound in the shares. Bloom Energy Shares Climb After Company Rebuts Short-Seller Report (BE)
• Positive Sentiment: Retail investors on Stocktwits and other platforms dismissed the report as manipulation, supporting buying interest and helping BE recover premarket. BE Stock Rises Premarket: Retail Dismisses Short-Seller Report As ‘Manipulation’
• Neutral Sentiment: Robert W. Baird reaffirmed its outperform rating and kept a $310 price target, signaling that at least one major analyst still sees meaningful upside from current levels. Benzinga report on Baird reiteration
• Negative Sentiment: Investor lawsuits and securities-fraud investigations were announced after the short report, which can keep legal overhang and volatility elevated for BE. Bloom Energy Corporation (BE) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Susquehanna increased their price target on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a research note on Monday. Finally, Mizuho set a $285.00 price objective on Bloom Energy in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $241.91.

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 company has a market cap of $73.52 billion, a price-to-earnings ratio of -5,202.76 and a beta of 3.73. The business has a fifty day moving average price of $283.61 and a 200 day moving average price of $196.15.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same period in the prior year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, research analysts anticipate that Bloom Energy Corporation will post 1.34 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, 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 value of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares in the company, valued at $49,202,708.59. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the sale, the insider owned 207,417 shares of the company’s stock, valued at $59,966,328.87. This trade represents a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 228,617 shares of company stock valued at $59,843,659 in the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after purchasing an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy in the fourth quarter worth $347,560,000. Amundi boosted its stake in Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after buying an additional 2,511,426 shares during the period. Norges Bank purchased a new position in shares of Bloom Energy during the fourth quarter worth about $239,683,000. Finally, Jennison Associates LLC raised its stake in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after purchasing an additional 2,673,710 shares in the last quarter. 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.