Bloom Energy (NYSE:BE) Stock Price Down 9.4% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price dropped 9.4% during trading on Wednesday. The stock traded as low as $235.70 and last traded at $238.7970. Approximately 16,835,724 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 12,988,253 shares. The stock had previously closed at $263.45.

Bloom Energy News Roundup

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

• Positive Sentiment: Analyst targets remain supportive. Truist Financial raised its price target from $218 to $240 while maintaining a “hold” rating. Robert W. Baird also increased its target from $310 to $351 and reiterated an “outperform” rating, indicating substantial potential upside based on their estimates.
• Positive Sentiment: Oracle-related demand strengthens Bloom’s AI power narrative. Oracle reportedly named Bloom Energy as the primary power source for a major artificial-intelligence campus, reinforcing expectations that Bloom’s fuel-cell systems could benefit from growing data-center electricity needs. Bloom Energy Got Good News From Oracle and Fell Anyway
• Neutral Sentiment: Earnings are the next major catalyst. Wall Street expects year-over-year earnings growth when Bloom reports, with attention on backlog, guidance and whether the company can repeat its previous revenue beat. However, preliminary analysis suggests Bloom may lack the indicators typically associated with a likely earnings surprise. Can Bloom Energy Repeat Last Quarter’s Revenue Beat?
• Negative Sentiment: The AI infrastructure trade is unwinding. Bloom and other data-center power stocks are retreating as investors question the sustainability of AI capital spending and react to debt concerns across the sector. The reversal is particularly significant after Bloom’s substantial year-to-date advance. Bloom Energy Is an AI Power Supply Bottleneck Bellwether
• Negative Sentiment: Valuation and macroeconomic pressures are weighing on sentiment. Bloom trades at a very high earnings multiple, leaving the stock sensitive to any disappointment in growth expectations. Higher oil prices, hot inflation data and fears that interest rates will remain elevated are also pressuring data-center infrastructure names.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BE shares. Roth Capital restated a “neutral” rating and set a $260.00 target price on shares of Bloom Energy in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a report on Tuesday, September 29th. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Barclays lifted their price objective on Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.05.

Bloom Energy Stock Performance

The company has a market capitalization of $65.85 billion, a PE ratio of 299.01, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77. The stock’s fifty day simple moving average is $249.27 and its 200-day simple moving average is $246.27. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The company’s revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John T. Chambers sold 15,000 shares of Bloom Energy stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total value of $3,750,000.00. Following the completion of the sale, the director owned 208,333 shares of the company’s stock, valued at $52,083,250. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aman Joshi sold 8,437 shares of Bloom Energy stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 in the last three months. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

A number of hedge funds have recently added to or reduced their stakes in BE. Blue Trust Inc. lifted its holdings in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares during the period. Continuum Advisory LLC purchased a new stake in Bloom Energy in the second quarter valued at approximately $25,000. Anchor Investment Management LLC purchased a new stake in Bloom Energy in the first quarter valued at approximately $27,000. Godsey & Gibb Inc. increased its position in Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. increased its position in Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.