Bloom Energy (NYSE:BE) Stock Price Down 5.3% – Should You Sell?

Shares of Bloom Energy Corporation (NYSE:BE) dropped 5.3% during trading on Thursday . The company traded as low as $149.79 and last traded at $156.5670. 11,804,737 shares were traded during mid-day trading, a decline of 8% from the average session volume of 12,870,101 shares. The stock had previously closed at $165.39.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom secured a major US data-center power agreement worth about US$2.65 billion, reinforcing BE’s positioning as a provider of on-site, low-emission power for AI/data centers — a tangible revenue and backlog catalyst. Read More.
• Positive Sentiment: China Renaissance initiated coverage with a Buy rating and a $207 price target (~32% upside vs. current levels), signaling some analysts expect continued strong growth from data-center demand and improving profitability. Read More.
• Neutral Sentiment: MarketBeat and other outlets are featuring BE among “stocks to buy” tied to AI/data-center demand, reflecting stronger sell-side and retail interest that can support the stock but doesn’t guarantee immediate further gains. Read More.
• Negative Sentiment: Barclays initiated coverage with an Equal Weight (neutral) rating and a $153 price target — slightly below current trading levels — which likely added selling pressure by signaling near-term upside is limited from that shop’s view. Read More.
• Negative Sentiment: Valuation and volatility concerns: BE trades with a very high P/E, a high beta (~3.0) and meaningful leverage — features that amplify moves after big rallies and can prompt traders to lock in gains after recent strong performance. Negative Sentiment:

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays assumed coverage on shares of Bloom Energy in a research report on Wednesday. They set an “equal weight” rating and a $153.00 price target for the company. Evercore ISI reaffirmed an “outperform” rating on shares of Bloom Energy in a report on Thursday, January 8th. China Renaissance started coverage on Bloom Energy in a research note on Wednesday. They issued a “buy” rating and a $207.00 price target on the stock. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, BMO Capital Markets set a $136.00 price objective on Bloom Energy in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $109.83.

Bloom Energy Price Performance

The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. The company has a fifty day moving average price of $111.02 and a two-hundred day moving average price of $86.70. The firm has a market cap of $37.03 billion, a P/E ratio of 846.17, a PEG ratio of 12.83 and a beta of 3.01.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The firm had revenue of $519.05 million for the quarter, compared to the consensus estimate of $425.18 million. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The business’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period last year, the company posted ($0.01) EPS. Equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Aman Joshi sold 4,543 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $109.13, for a total transaction of $495,777.59. Following the completion of the transaction, the insider directly owned 219,818 shares of the company’s stock, valued at $23,988,738.34. This represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 1,583 shares of Bloom Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the sale, the insider directly owned 221,633 shares in the company, valued at approximately $23,486,449.01. This represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,410 shares of company stock valued at $16,557,185. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Institutional investors have recently bought and sold shares of the business. Graticule Asia Macro Advisors LLC acquired a new position in shares of Bloom Energy during the 3rd quarter worth approximately $402,494,000. Trivest Advisors Ltd boosted its position in Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Norges Bank acquired a new position in shares of Bloom Energy in the second quarter valued at $57,821,000. Westfield Capital Management Co. LP bought a new position in shares of Bloom Energy in the third quarter valued at about $141,679,000. Finally, Man Group plc lifted its stake in shares of Bloom Energy by 177.4% during the 2nd 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. Institutional investors and hedge funds own 77.04% of the company’s stock.

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.