Bloom Energy (NYSE:BE) Trading Down 2.6% – Should You Sell?

Bloom Energy Corporation (NYSE:BE) dropped 2.6% during mid-day trading on Friday . The stock traded as low as $231.02 and last traded at $231.5030. Approximately 6,505,330 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 11,279,487 shares. The stock had previously closed at $237.57.

Analyst Upgrades and Downgrades

BE has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Robert W. Baird upped their target price on shares of Bloom Energy to $242.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Finally, BTIG Research upped their target price on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.86.

Bloom Energy Stock Performance

The firm has a market capitalization of $64.95 billion, a PE ratio of -609.22, a P/E/G ratio of 9.23 and a beta of 3.18. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company’s fifty day simple moving average is $161.80 and its 200 day simple moving average is $132.27.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 1 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 25,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $225.13, for a total transaction of $5,628,250.00. Following the sale, the insider directly owned 140,732 shares of the company’s stock, valued at $31,682,995.16. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Maciej Kurzymski sold 7,800 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the sale, the insider directly owned 84,294 shares in the company, valued at approximately $12,800,043.90. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 455,092 shares of company stock valued at $78,564,475 in the last three months. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in shares of Bloom Energy in the third quarter worth about $1,825,000. Meridian Wealth Management LLC purchased a new stake in shares of Bloom Energy in the third quarter worth about $553,000. Udine Wealth Management Inc. lifted its holdings in shares of Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after buying an additional 13,684 shares in the last quarter. Straight Path Wealth Management purchased a new stake in shares of Bloom Energy in the third quarter worth about $1,099,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Bloom Energy in the third quarter worth about $1,985,000. 77.04% of the stock is owned by hedge funds and other 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.