Bloom Energy (NYSE:BE) Stock Falls 9.4% - Here's Why

Key Points

• Bloom Energy shares fell 9.4% to about $238.80, with trading volume 30% above the average session volume.
• Analyst sentiment remains broadly positive but mixed: the stock has a consensus “Moderate Buy” rating and an average price target of $257.18, while some firms recently downgraded it to “Hold.”
• The decline came despite strong quarterly results, including $0.78 in earnings per share versus a $0.39 estimate and 165.5% year-over-year revenue growth; insiders have also sold approximately $21.8 million of shares over the past quarter.

Shares of Bloom Energy Corporation (NYSE:BE - Get Free Report) fell 9.4% during mid-day trading on Wednesday. The stock traded as low as $235.70 and last traded at $238.7970. 16,835,724 shares changed hands during trading, an increase of 30% from the average session volume of 12,988,253 shares. The stock had previously closed at $263.45.

Analyst Ratings Changes

BE has been the topic of a number of research reports. Evercore restated an "outperform" rating on shares of Bloom Energy in a research note on Friday, August 7th. Robert W. Baird reaffirmed an "outperform" rating and issued a $310.00 price target on shares of Bloom Energy in a report on Thursday, July 9th. TD Cowen raised Bloom Energy to a "hold" rating in a report on Monday, October 5th. Zacks Research cut shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, Wall Street Zen raised shares of Bloom Energy from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.18.

Bloom Energy Trading Down 9.4%

The company has a market capitalization of $70.33 billion, a PE ratio of 318.40, a PEG ratio of 3.38 and a beta of 3.77. The stock has a fifty day moving average of $249.02 and a two-hundred day moving average of $244.80. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm's quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other Bloom Energy news, insider Aman Joshi sold 8,437 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider directly owned 202,494 shares of the company's stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. 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 quarter, insiders sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently made changes to their positions in the business. Continuum Advisory LLC purchased a new stake in Bloom Energy during the 2nd quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. boosted 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 acquiring an additional 37 shares during the last quarter. Markowski Investments purchased a new position in Bloom Energy during the second quarter valued at $37,000. Bogart Wealth LLC lifted its stake in Bloom Energy by 725.0% in the 2nd quarter. Bogart Wealth LLC now owns 132 shares of the company's stock worth $40,000 after purchasing an additional 116 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in shares of Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after purchasing an additional 46 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

About Bloom Energy

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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