Bloom Energy (NYSE:BE) Stock Price Down 1.8% Following Analyst Downgrade

Shares of Bloom Energy Corporation (NYSE:BE) traded down 1.8% during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $346.00 to $314.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Bloom Energy traded as low as $157.33 and last traded at $163.8610. 43,542,622 shares traded hands during trading, an increase of 257% from the average daily volume of 12,208,368 shares. The stock had previously closed at $166.84.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Bloom Energy from $207.00 to $246.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Susquehanna lifted their target price on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research note on Friday, July 10th. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group dropped their target price on Bloom Energy from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $251.45.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 2,837 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total value of $820,205.07. Following the transaction, the insider directly owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing 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, insider Aman Joshi sold 8,343 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares in the company, valued at approximately $49,202,708.59. The trade was a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 118,617 shares of company stock worth $34,238,909 over the last 90 days. Insiders own 3.00% of the company’s stock.

Key Bloom Energy News

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

• Positive Sentiment: Record revenue and earnings beat: Second-quarter revenue rose 165.5% year over year to $1.065 billion, surpassing the $826 million consensus estimate. Adjusted earnings of $0.78 per share were double analysts’ $0.39 estimate and increased from $0.10 a year earlier. Product revenue rose 215.4%, while gross margin expanded to 33.4%. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Guidance raised: Bloom lifted its 2026 revenue forecast to $3.9 billion-$4.2 billion from $3.4 billion-$3.8 billion previously, and raised EPS guidance to $2.55-$2.85 versus a $1.99 analyst consensus. The outlook reflects strong demand for onsite power and fuel-cell systems from AI data centers. Bloom Energy Q2 Earnings Beat Estimates, View Up
• Positive Sentiment: AI infrastructure opportunity strengthened: Management cited rising AI power demand, an expanding order backlog and increased financing partnerships. A reported $25 billion Brookfield backstop could support large-scale deployments, including data-center projects. Why Bloom Energy May Be the Most Important AI Infrastructure Stock
• Positive Sentiment: Supportive analyst view: BTIG reaffirmed a Buy rating with a $295 price target, while JPMorgan maintained Overweight despite lowering its target to $314. Analyst ratings reported by Benzinga

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BE. Brooklands Fund Management Ltd acquired a new stake in shares of Bloom Energy during the fourth quarter worth $347,560,000. Norges Bank acquired a new position in Bloom Energy in the fourth quarter valued at about $239,683,000. Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the period. Amundi lifted its stake in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after buying an additional 2,511,426 shares during the period. Finally, Man Group plc boosted its holdings in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after buying an additional 1,530,167 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Performance

The stock has a market cap of $46.61 billion, a P/E ratio of -3,276.56 and a beta of 3.73. The stock has a fifty day simple moving average of $267.30 and a 200-day simple moving average of $208.35. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last announced its quarterly 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 analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.Bloom Energy’s revenue was up 165.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities analysts expect that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

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.