Bloom Energy (NYSE:BE) Shares Down 5.1% - Here's Why

Key Points

• Bloom Energy shares fell 5.1% on Wednesday, with trading volume below average, even as the stock had recently closed at $302.85 and traded as low as $282.91.
• Despite the drop, recent news remains largely positive: Bloom is benefiting from AI-related power demand, including Oracle’s partnership to use Bloom’s fuel cells for data-center power and commentary that the company may not need to raise capital.
• Analysts remain generally constructive, with several firms raising price targets and ratings, though the stock is also being pressured by a broader selloff in fuel-cell names and mixed sector sentiment.

Bloom Energy Corporation (NYSE:BE - Get Free Report) shares traded down 5.1% during trading on Wednesday . The company traded as low as $282.91 and last traded at $287.3840. 7,627,757 shares traded hands during trading, a decline of 31% from the average session volume of 11,118,102 shares. The stock had previously closed at $302.85.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy is benefiting from a broad rally in power-generation names after President Trump cut U.S. tariffs on key industrial metals, which could ease input-cost pressure for the sector. Bloom Energy Stock Rises As Trump Cuts U.S. Tariffs
• Positive Sentiment: Oracle’s partnership with Bloom Energy to supply gigawatt-scale clean fuel-cell power for data centers reinforces demand for Bloom’s on-site AI infrastructure solutions. Oracle Reshapes AI Data Centers With Clean Power And Arm Shift
• Positive Sentiment: Bloom Energy’s CEO said the company does not need to raise capital despite the AI boom, suggesting current growth opportunities may be funding themselves and reducing dilution concerns. Bloom Energy CEO sees no need to raise capital despite AI boom
• Positive Sentiment: Multiple reports said opposition to new data centers could be a boon for Bloom Energy, as companies seek distributed power solutions that can be deployed faster than grid-heavy alternatives. NIMBY pushback to data centers a boon for San Jose-based Bloom Energy, CEO Says
• Positive Sentiment: Analysts and market commentary continue to highlight Bloom Energy as a key AI power beneficiary, with one note calling it a “Bull of the Day” and another describing the stock as nearly tripling this year. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Market and sector updates showed energy stocks were mixed, which adds a broader macro backdrop but does not directly change Bloom’s company-specific outlook. Sector Update: Energy Stocks Rise Late Afternoon
• Negative Sentiment: Bloom Energy is also being pulled down by a wider selloff in fuel-cell stocks, with investors rotating out of the group despite recent company-specific positives. FuelCell Energy Plunges 10%, Plug Power Falls 6% in Fuel Cell Rout as Bloom Energy Slips

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their target price on Bloom Energy to $217.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on Bloom Energy to $267.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Robert W. Baird increased their price objective on Bloom Energy to $242.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Bloom Energy from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, Royal Bank Of Canada upped their target price on Bloom Energy to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of "Moderate Buy" and a consensus price target of $217.48.

Bloom Energy Price Performance

The stock has a 50 day simple moving average of $222.92 and a two-hundred day simple moving average of $161.41. The firm has a market cap of $81.74 billion, a PE ratio of -5,746.53 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $539.94 million. During the same quarter in the previous year, the business earned $0.03 EPS. Bloom Energy's revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Shawn Marie Soderberg sold 35,000 shares of the business's stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares in the company, valued at approximately $95,342,949. The trade was a 9.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aman Joshi sold 19,944 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the transaction, the insider owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 268,777 shares of company stock valued at $55,112,564. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently made changes to their positions in BE. Creekmur Asset Management LLC acquired a new stake in Bloom Energy during the 3rd quarter worth $1,825,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy during the 3rd quarter worth $553,000. Strs Ohio increased its position in Bloom Energy by 24.8% in the 4th quarter. Strs Ohio now owns 41,200 shares of the company's stock valued at $3,580,000 after acquiring an additional 8,200 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in Bloom Energy in the 3rd quarter valued at about $1,985,000. Finally, Fortem Financial Group LLC acquired a new position in Bloom Energy in the 4th quarter valued at about $369,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.