Bloom Energy (NYSE:BE) Stock Falls 8.9% – Here’s Why

Shares of Bloom Energy Corporation (NYSE:BE) traded down 8.9% during trading on Monday. The stock traded as low as $259.46 and last traded at $262.8880. Approximately 15,476,793 shares were traded during trading, an increase of 19% from the average daily volume of 12,957,588 shares. The stock had previously closed at $288.70.

Key Bloom Energy News

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying substantial upside from recent trading levels. TickerReport article
• Positive Sentiment: Coverage highlighted Bloom Energy as a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Reports point to new data-center power orders, strong revenue growth and improving profitability as key reasons for the stock’s dramatic longer-term gains. Philadelphia Inquirer article
• Positive Sentiment: Market commentary identified Bloom Energy as an AI-infrastructure opportunity with potential catalysts ahead of third-quarter earnings, while Zacks included BE among stocks receiving favorable attention. MarketBeat article
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility, but its direct effect on revenue and near-term valuation is unclear. Sports Business Journal article
• Negative Sentiment: Fuel-cell stocks are cooling after a steep run, creating broader sector profit-taking and technical pressure on BE. The stock’s elevated valuation makes it particularly sensitive to a reversal in momentum. 247WallSt article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit and the deadline for investors to seek lead-plaintiff status. The allegations could weigh on sentiment and create potential legal and reputational risks, though they have not been proven. GlobeNewswire article

Wall Street Analysts Forecast Growth

BE has been the subject of several recent analyst reports. BMO Capital Markets dropped their target price on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a report on Wednesday, July 29th. Truist Financial lowered their price objective on Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. BTIG Research reiterated a “buy” rating and set a $295.00 target price on shares of Bloom Energy in a research report on Wednesday, July 29th. 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 issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.14.

Bloom Energy Stock Down 8.9%

The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $77.43 billion, a PE ratio of 350.52, a PEG ratio of 3.69 and a beta of 3.80. The company’s 50 day moving average is $230.54 and its two-hundred day moving average is $234.21.

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

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 3,601 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $269.94, for a total value of $972,053.94. Following the sale, the insider directly owned 155,529 shares in the company, valued at approximately $41,983,498.26. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction that occurred on 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 of the company’s stock, 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 ninety days, insiders sold 89,604 shares of company stock valued at $21,948,262. 3.00% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

Several hedge funds have recently modified their holdings of the company. Brooklands Fund Management Ltd bought a new stake in shares of Bloom Energy in the 4th quarter worth about $347,560,000. Norges Bank bought a new position in shares of Bloom Energy in the 4th quarter valued at about $239,683,000. Jennison Associates LLC lifted its holdings in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Bloom Energy in the second quarter worth about $296,413,000. Finally, Polar Capital Holdings Plc purchased a new position in Bloom Energy in the fourth quarter worth about $76,234,000. 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.