Bloom Energy (NYSE:BE) Stock Price Down 4.5% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s stock price fell 4.5% during trading on Wednesday . The stock traded as low as $286.25 and last traded at $289.1710. Approximately 16,227,832 shares changed hands during trading, an increase of 39% from the average daily volume of 11,641,801 shares. The stock had previously closed at $302.70.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy and Brookfield expanded their AI infrastructure partnership fivefold to $25 billion, strengthening Bloom’s demand outlook for onsite power solutions used in data centers. Brookfield and Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
• Positive Sentiment: Market commentary says Bloom Energy is benefiting from strong AI-power momentum, with traders focusing on backlog growth, partnerships, and analyst price targets tied to data center demand. Bloom Energy Stock (BE) Opinions on AI Power Infrastructure Surge
• Neutral Sentiment: Bloom Energy was downgraded by Zacks Research from “strong-buy” to “hold,” which could temper some of the recent enthusiasm. Zacks downgrade coverage
• Negative Sentiment: Some recent commentary argues Bloom Energy’s strong run has pushed valuations too high and warns that expectations may now be stretched after the stock’s sharp climb. Bearish price prediction on Bloom Energy

Analyst Ratings Changes

BE has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a research report on Wednesday, June 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. TD Cowen boosted their price target on Bloom Energy to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and a consensus target price of $236.14.

Bloom Energy Stock Down 4.5%

The stock has a market cap of $82.25 billion, a P/E ratio of -5,782.26 and a beta of 3.73. The firm has a 50 day simple moving average of $278.07 and a 200-day simple moving average of $188.33. 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 issued its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to the consensus estimate 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 for the quarter was up 130.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the transaction, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. This represents a 8.61% 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 sold 220,274 shares of company stock valued at $57,337,672. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after acquiring an additional 269,662 shares during the period. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy during the fourth quarter worth approximately $347,560,000. Amundi increased its stake in shares of Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after purchasing an additional 2,511,426 shares during the period. Norges Bank acquired a new stake in Bloom Energy during the 4th quarter worth approximately $239,683,000. Finally, Jennison Associates LLC lifted its holdings in Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Bloom Energy Company Profile

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.