Bloom Energy (NYSE:BE) Stock Price Down 1.1% - Should You Sell?

Key Points

• Bloom Energy's stock price decreased by 1.1% to $86.00, with a trading volume significantly higher than the average, indicating increased investor activity.
• The company received mixed ratings from analysts, with Jefferies downgrading its rating to "underperform," while JPMorgan raised its price target to $90.00, suggesting analysts are divided on its future prospects.
• Bloom Energy reported a 19.5% increase in revenue year-over-year during its last earnings report, surpassing analyst expectations with an EPS of $0.10 against an anticipated $0.02.

Bloom Energy Corporation (NYSE:BE - Get Free Report) shares traded down 1.1% during trading on Tuesday . The stock traded as low as $83.47 and last traded at $86.00. 10,787,275 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 8,453,357 shares. The stock had previously closed at $86.97.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BE. Jefferies Financial Group downgraded Bloom Energy from a "hold" rating to an "underperform" rating and boosted their price target for the company from $24.00 to $31.00 in a research report on Wednesday, September 24th. JPMorgan Chase & Co. raised their target price on Bloom Energy from $40.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. Susquehanna increased their price objective on shares of Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Robert W. Baird lifted their price objective on shares of Bloom Energy from $45.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, Bank of America upped their price objective on shares of Bloom Energy from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.63.

Bloom Energy Stock Down 1.1%

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 company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 2,150.51 and a beta of 3.48. The business has a 50-day moving average price of $57.57 and a 200-day moving average price of $33.78.

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

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 4,870 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $43.36, for a total value of $211,163.20. Following the transaction, the insider directly owned 224,361 shares of the company's stock, valued at approximately $9,728,292.96. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kr Sridhar sold 37,955 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $53.39, for a total value of $2,026,417.45. Following the completion of the sale, the chief executive officer owned 2,378,663 shares of the company's stock, valued at $126,996,817.57. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 302,205 shares of company stock valued at $14,919,283. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Banque Transatlantique SA increased its holdings in shares of Bloom Energy by 227.6% during the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock worth $30,000 after purchasing an additional 1,161 shares during the period. Harbour Investments Inc. increased its holdings in shares of Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock worth $31,000 after buying an additional 1,512 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Bloom Energy in the second quarter valued at about $36,000. NewEdge Advisors LLC raised its holdings in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after buying an additional 1,626 shares during the last quarter. Finally, Vision Financial Markets LLC acquired a new stake in Bloom Energy during the 1st quarter worth approximately $39,000. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

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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