Bloom Energy (NYSE:BE) Stock Price Down 10.3% - What's Next?

Key Points

• Bloom Energy's stock price declined by 10.3% on Tuesday, trading as low as $75.60 before closing at $77.42, with trading volume surging to approximately 22 million shares, a 176% increase from the average.
• Analysts have mixed ratings for Bloom Energy; while UBS and Susquehanna raised their target prices significantly, Bank of America maintained an underperform rating, leaving the stock with a consensus rating of "Moderate Buy."
• Bloom Energy reported a significant year-over-year revenue increase of 19.5% for the last quarter, achieving $401.24 million, and showed positive earnings per share of $0.10, surpassing expectations.

Bloom Energy Corporation (NYSE:BE - Get Free Report) shares dropped 10.3% during trading on Tuesday . The company traded as low as $75.60 and last traded at $77.42. Approximately 22,026,936 shares changed hands during trading, an increase of 176% from the average daily volume of 7,986,101 shares. The stock had previously closed at $86.27.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BE shares. UBS Group boosted their target price on Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Susquehanna boosted their target price on Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. Roth Capital boosted their target price on Bloom Energy from $34.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday. Wells Fargo & Company boosted their target price on Bloom Energy from $38.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, September 12th. Finally, Bank of America boosted their target price on Bloom Energy from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.45.

Bloom Energy Trading Down 10.3%

The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. The firm has a 50 day moving average of $47.18 and a 200 day moving average of $29.88. The firm has a market cap of $18.12 billion, a PE ratio of 1,935.98 and a beta of 3.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The business had revenue of $401.24 million for the quarter, compared to the consensus estimate of $382.23 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Bloom Energy's revenue for the quarter was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. Equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $52.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the insider owned 225,949 shares of the company's stock, valued at approximately $11,749,348. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maciej Kurzymski sold 2,474 shares of Bloom Energy stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total value of $174,342.78. Following the sale, the insider directly owned 106,374 shares of the company's stock, valued at $7,496,175.78. This represents a 2.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,205 shares of company stock valued at $14,919,283 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in Bloom Energy by 43.0% during the first quarter. Advisors Asset Management Inc. now owns 86,665 shares of the company's stock valued at $1,704,000 after buying an additional 26,077 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Bloom Energy by 634.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,327 shares of the company's stock valued at $11,763,000 after buying an additional 516,833 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Bloom Energy by 662.4% during the first quarter. Teacher Retirement System of Texas now owns 73,518 shares of the company's stock valued at $1,445,000 after buying an additional 63,875 shares during the last quarter. Comerica Bank grew its stake in shares of Bloom Energy by 5.8% during the first quarter. Comerica Bank now owns 88,554 shares of the company's stock valued at $1,741,000 after buying an additional 4,885 shares during the last quarter. Finally, Torray Investment Partners LLC bought a new position in shares of Bloom Energy during the first quarter valued at about $904,000. Institutional investors own 77.04% of the company's stock.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.

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