Bloom Energy (NYSE:BE) Shares Down 3.1% - What's Next?

Key Points

• Bloom Energy shares fell 3.1% to about $266.54, with trading volume 39% above average, as investors appeared to take profits after the stock’s roughly 190% year-to-date rally.
• The long-term outlook remains tied to strong AI data-center demand for Bloom’s fuel-cell systems, but risks include delays to a proposed $165 billion AI project, higher Treasury yields, and an ongoing securities lawsuit.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $254.14 target price. Recent results also showed strong momentum, including $1.07 billion in revenue, up 165.5% year over year, and adjusted EPS of $0.78 versus estimates of $0.39.

Bloom Energy Corporation (NYSE:BE - Get Free Report)'s stock price traded down 3.1% during mid-day trading on Thursday. The stock traded as low as $251.30 and last traded at $266.5360. Approximately 18,002,869 shares changed hands during trading, an increase of 39% from the average daily volume of 12,919,494 shares. The stock had previously closed at $275.19.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy continues to benefit from strong investor interest in supplying near-term, behind-the-meter electricity for AI data centers. Commentary highlights growing demand for its solid-oxide fuel cells, hyperscaler validation, and the broader U.S. power shortfall expected as AI infrastructure expands. We Said Bloom Energy and Plug Power Had Different Fates
• Positive Sentiment: Several investment articles remain bullish on Bloom Energy’s growth outlook, citing its strong sales trajectory, AI-related demand, recent earnings momentum, and ability to deploy power solutions faster than traditional grid projects. These reports support the longer-term thesis, although they do not provide a new company announcement. This Energy Stock Helped Patient Investors Get Rich
• Neutral Sentiment: Market commentary says traders are taking profits after Bloom Energy’s roughly 190% year-to-date rally. The pullback appears partly technical and broader among fuel-cell stocks, rather than solely company-specific. Bloom Energy Sinks as Traders Take Profits
• Negative Sentiment: A delayed pipeline reportedly places Bloom Energy’s role in a proposed $165 billion AI project in question. The project could involve approximately 2.45 gigawatts of Bloom fuel cells, making any delay a material concern for expected orders, revenue timing, and the company’s AI-growth narrative. Bloom Energy’s Single Largest Fuel Cell Deployment Is In Trouble
• Negative Sentiment: Higher long-term Treasury yields are pressuring capital-intensive clean-energy companies by raising project financing costs and potentially reducing the attractiveness of fuel-cell deployments. Fuel-Cell Stocks Slide as Treasury Yields Rise
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who purchased Bloom Energy securities from February 27, 2025, through July 8, 2026. The allegations reportedly involve statements about the company’s China-related supply chain and scandium sourcing. The September 28 lead-plaintiff deadline is keeping the litigation issue prominent, although the claims have not been proven. Kaplan Fox Class Action Notice

Analysts Set New Price Targets

Several research firms have recently issued reports on BE. Mizuho upped their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an "outperform" rating in a research note on Monday, September 14th. Clear Str raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Truist Financial decreased their price objective on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Robert W. Baird reiterated an "outperform" rating and set a $310.00 price target on shares of Bloom Energy in a report on Thursday, July 9th. Finally, Wells Fargo & Company dropped their price objective on Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.14.

Bloom Energy Trading Down 3.1%

The firm has a market capitalization of $78.50 billion, a P/E ratio of 355.38, a price-to-earnings-growth ratio of 3.54 and a beta of 3.80. 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 firm has a 50-day moving average of $227.83 and a 200-day moving average of $232.32.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm's revenue for the quarter was up 165.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other news, Director Jeffrey Immelt sold 30,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares of the company's stock, valued at $48,078,965.13. This represents a 12.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 89,604 shares of company stock worth $21,948,262. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company's stock worth $461,272,000 after acquiring an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy during the fourth quarter valued at approximately $347,560,000. Norges Bank acquired a new stake in shares of Bloom Energy in the 4th quarter worth $239,683,000. Jennison Associates LLC raised its position in Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock worth $364,066,000 after buying an additional 2,673,710 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company's stock worth $299,688,000 after purchasing an additional 126,649 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.

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