Bloom Energy (NYSE:BE) Stock Price Down 3% – Should You Sell?

Bloom Energy Corporation (NYSE:BE)’s stock price dropped 3% during mid-day trading on Wednesday . The stock traded as low as $216.52 and last traded at $219.3980. Approximately 9,232,294 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 11,824,505 shares. The stock had previously closed at $226.26.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: JPMorgan raised its price target on Bloom Energy to $346 from $267 and kept an Overweight rating, citing a stronger long-term delivery outlook and modeling deliveries through fiscal 2030. Why Bloom Energy (BE) Stock Is Trading Up Today
• Positive Sentiment: Bloom Energy reportedly landed a $1.7 billion AI data center deal, reinforcing investor optimism that demand for its power systems will benefit from rapid AI infrastructure buildout. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal
• Positive Sentiment: Polen Capital highlighted Bloom Energy as a beneficiary of AI-driven power demand, keeping the stock in focus as investors look for companies tied to data center electricity needs. Bloom Energy Corporation (BE) Rose on AI-Driven Power Demand
• Neutral Sentiment: The stock is also getting attention ahead of its Q2 earnings report, with traders watching for confirmation that recent deal momentum is showing up in revenue and guidance. Why Bloom Energy Stock Jumped Over 10% Today

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Citigroup reissued a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Susquehanna upped their price objective on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $254.00.

Bloom Energy Trading Down 3.0%

The firm has a market capitalization of $62.41 billion, a price-to-earnings ratio of -4,387.08 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm’s 50 day moving average is $275.55 and its 200 day moving average is $204.98.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s revenue was up 130.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

Insider Activity at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.63, for a total transaction of $820,286.46. Following the completion of the sale, the insider directly owned 132,265 shares of the company’s stock, valued at $38,175,646.95. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,259 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total value of $651,992.58. Following the completion of the transaction, the chief accounting officer owned 79,686 shares of the company’s stock, valued at $22,998,973.32. This trade represents a 2.76% 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. Insiders sold 153,617 shares of company stock valued at $44,003,909 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Brooklands Fund Management Ltd purchased a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $347,560,000. Norges Bank acquired a new stake in Bloom Energy during the 4th quarter valued at $239,683,000. Jennison Associates LLC boosted its position in shares of Bloom Energy by 20,074.4% in the first 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 period. Amundi boosted its position in shares of Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after buying an additional 2,511,426 shares during the period. Finally, Man Group plc grew its holdings in shares of Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after buying an additional 1,530,167 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

About Bloom Energy

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.