Bloom Energy (NYSE:BE) Shares Gap Down – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $275.19, but opened at $256.00. Bloom Energy shares last traded at $258.1720, with a volume of 5,251,177 shares traded.

Key Bloom Energy News

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

• Positive Sentiment: Oracle maintains its Bloom Energy commitment. Oracle reportedly continues to stand behind a contract for approximately 2.4 gigawatts of Bloom fuel-cell systems, within a broader agreement covering up to 2.8 gigawatts. The confirmation eased concerns that Oracle’s force majeure notice could lead to cancellation of Bloom’s largest deployment. Oracle reaffirms Bloom fuel-cell contract
• Positive Sentiment: AI power demand continues to support Bloom’s growth narrative. Analysts and market commentary highlight Bloom’s role in providing rapid, behind-the-meter power for data centers amid a projected U.S. AI electricity shortfall. The company has reported an approximately $20 billion backlog and plans to double Fremont production capacity to 2 gigawatts by the end of 2026. Bloom backlog and production expansion
• Neutral Sentiment: The Oracle project remains delayed but has not been canceled. A natural-gas pipeline and regulatory delays affecting Oracle’s Project Jupiter could postpone Bloom’s revenue, cash flow and profits. However, Oracle says the project remains on schedule for its planned completion, and Bloom’s backlog is diversified across multiple customers. Oracle force majeure and AI infrastructure risks
• Neutral Sentiment: Bloom also publicized a $10,000 donation to support first responders in State College, Pennsylvania. The announcement may improve community visibility but is unlikely to materially affect financial results. Bloom supports State College first responders
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit covers investors who purchased Bloom securities between February 27, 2025, and July 8, 2026, with a September 28 lead-plaintiff deadline. Allegations reportedly include misleading statements about the company’s China-related supply chain. The legal action adds reputational, financial and disclosure risk, though the allegations have not been proven. Bloom Energy securities class action

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. TD Cowen reissued a “hold” rating and set a $235.00 price target on shares of Bloom Energy in a report on Monday, July 20th. Susquehanna lifted their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Finally, UBS Group reissued a “buy” rating and set a $325.00 target price on shares of Bloom Energy in a research note on Monday, September 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.14.

Bloom Energy Stock Up 8.3%

The stock has a market cap of $85.08 billion, a price-to-earnings ratio of 385.15, a PEG ratio of 3.41 and a beta of 3.80. The business’s 50 day moving average is $230.54 and its 200-day moving average is $233.63. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

Insider Activity

In related news, insider Shawn Soderberg sold 2,895 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the transaction, the insider directly owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of Bloom Energy stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 89,604 shares of company stock worth $21,948,262. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brooklands Fund Management Ltd purchased a new position in Bloom Energy in the 4th quarter worth approximately $347,560,000. Norges Bank purchased a new stake in shares of Bloom Energy during the 4th quarter valued at approximately $239,683,000. Jennison Associates LLC raised its position in shares of Bloom Energy by 20,074.4% during the 1st 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. Bank of New York Mellon Corp acquired a new position in Bloom Energy in the second quarter valued at approximately $296,413,000. Finally, Polar Capital Holdings Plc acquired a new stake in Bloom Energy during the fourth quarter worth $76,234,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

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.