Bloom Energy (NYSE:BE) Trading Down 8% – What’s Next?

Bloom Energy Corporation (NYSE:BE)’s stock price traded down 8% during trading on Monday . The company traded as low as $195.09 and last traded at $197.80. 17,135,854 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 11,819,713 shares. The stock had previously closed at $214.96.

Analysts Set New Price Targets

Several equities analysts have weighed in on BE shares. Jefferies Financial Group increased their price objective on Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a report on Monday, July 6th. Mizuho set a $285.00 price target on Bloom Energy in a research report on Friday, May 1st. Wells Fargo & Company increased their price target on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, BTIG Research boosted their price objective on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $250.41.

Bloom Energy Price Performance

The business’s 50 day moving average is $278.38 and its two-hundred day moving average is $203.21. 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 firm has a market capitalization of $56.26 billion, a PE ratio of -3,955.21 and a beta of 3.73.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The business’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. Equities research analysts anticipate that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the transaction, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Maciej Kurzymski sold 2,259 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total value of $651,992.58. Following the sale, the chief accounting officer owned 79,686 shares in the company, valued at approximately $22,998,973.32. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 153,617 shares of company stock worth $44,003,909 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. increased its position in shares of Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Compound Planning Inc. boosted its holdings in shares of Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after buying an additional 38 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after buying an additional 46 shares during the period. Blue Trust Inc. grew its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the period. Finally, HB Wealth Management LLC increased its holdings in Bloom Energy by 1.6% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $466,000 after buying an additional 54 shares during the last quarter. Hedge funds and other 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.