Bloom Energy (NYSE:BE) Stock Falls 6.7% After Insider Selling

Bloom Energy Corporation (NYSE:BE)’s stock price was down 6.7% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $190.60 and last traded at $199.6250. 23,548,778 shares were traded during trading, an increase of 77% from the average daily volume of 13,283,512 shares. The stock had previously closed at $214.01.

Specifically, Director John Chambers sold 8,828 shares of Bloom Energy stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $203.43, for a total value of $1,795,880.04. Following the sale, the director directly owned 199,505 shares in the company, valued at $40,585,302.15. This trade represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Susquehanna lifted their price target on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. BMO Capital Markets downgraded Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Sanford C. Bernstein boosted their price target on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd. Mizuho raised their price target on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 price objective on shares of Bloom Energy in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $263.05.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and earnings per share of $0.94, ahead of estimates. The company also raised full-year revenue guidance to $4.4 billion–$4.6 billion, while its fourth-quarter outlook implies revenue of $1.35 billion–$1.55 billion. Bloom Energy’s New Guidance Implies Up to $1.55 Billion in Q4 Revenue
• Positive Sentiment: Demand for on-site power at AI data centers is a key growth driver, as fuel cells can provide electricity sooner than waiting for grid upgrades. Barclays upgraded Bloom to Overweight and set a $289 price target, though it lowered the target from $316. Bloom Energy: The Off-Grid Answer to AI’s Power Drain
• Positive Sentiment: A non-binding agreement with California Resources Corporation will assess at least 1 gigawatt of fuel-cell power paired with carbon capture. The proposal could expand Bloom’s opportunities with data centers, utilities, and industrial customers, but is not yet a firm order. California Resources Corporation Announces Strategic Collaboration
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his holdings by 4.24%; he retained 199,505 shares after the sale. Bloom Energy Insider Transaction
• Negative Sentiment: A Seeking Alpha contributor downgraded Bloom to Hold and set a $176 price target, citing concerns about slowing growth, negative sentiment toward AI-related stocks, and uncertainty about further margin improvement despite recent strong results. Bloom Energy: Downgrading To Hold As The Negativity Grows Louder
• Negative Sentiment: Bloom’s elevated valuation leaves the shares sensitive to any doubts about whether AI power demand, proposed projects, and expected margin gains will translate into sustained earnings growth.

Bloom Energy Stock Performance

The company has a fifty day moving average price of $248.26 and a two-hundred day moving average price of $220.48. The firm has a market cap of $59.02 billion, a price-to-earnings ratio of 122.47, a price-to-earnings-growth ratio of 1.98 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.15 earnings per share. Bloom Energy’s revenue was up 138.1% compared to the same quarter last year. As a group, equities research analysts expect that Bloom Energy Corporation will post 2.61 EPS for the current year.

Institutional Trading of Bloom Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in shares of Bloom Energy in the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $26,000. REAP Financial Group LLC bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. increased its holdings in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. Finally, Markowski Investments acquired a new stake in shares of Bloom Energy in the second quarter valued at approximately $37,000. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.