Bloom Energy (NYSE:BE) Shares Down 4% - Time to Sell?

Key Points

• Bloom Energy shares fell 4% to about $210.57, with trading volume below its daily average. The stock remains highly volatile, with a beta of 3.79 and a P/E ratio above 280.
• Analyst views remain broadly positive but mixed: Bloom has a “Moderate Buy” consensus rating and an average price target of $246.18, while recent targets range from $218 to $314.
• The company reported a strong quarter, with revenue up 165.5% year over year to $1.07 billion and EPS of $0.78 versus expectations of $0.39. However, insiders have sold more than $30.6 million of shares over the past 90 days.

Bloom Energy Corporation (NYSE:BE - Get Free Report) shares dropped 4% on Monday . The stock traded as low as $210.02 and last traded at $210.57. 8,602,777 shares traded hands during trading, a decline of 31% from the average daily volume of 12,517,212 shares. The stock had previously closed at $219.34.

Analysts Set New Price Targets

Several brokerages recently issued reports on BE. Roth Capital raised their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st. BTIG Research reissued a "buy" rating and set a $295.00 price target on shares of Bloom Energy in a report on Wednesday, July 29th. Truist Financial dropped their price target on Bloom Energy from $250.00 to $218.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th. BMO Capital Markets cut their price objective on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating for the company in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered their target price on Bloom Energy from $346.00 to $314.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $246.18.

Bloom Energy Stock Down 4.0%

The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The company's 50-day moving average price is $254.14 and its 200 day moving average price is $212.61. The stock has a market capitalization of $62.02 billion, a P/E ratio of 280.76, a P/E/G ratio of 3.00 and a beta of 3.79.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Bloom Energy's quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts expect that Bloom Energy Corporation will post 1.93 earnings per share for the current year.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the sale, the insider owned 163,807 shares in the company, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 2,879 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.10, for a total value of $829,439.90. Following the completion of the transaction, the insider owned 137,853 shares of the company's stock, valued at $39,715,449.30. The trade was a 2.05% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 108,617 shares of company stock valued at $30,648,609. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. increased its position in shares of 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 in the last quarter. Compound Planning Inc. boosted its stake 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 during the last quarter. Carolina Wealth Advisors LLC boosted its stake in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after purchasing an additional 46 shares during the last quarter. Blue Trust Inc. grew its stake in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company's stock valued at $466,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 77.04% of the company's stock.

About Bloom Energy

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.

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