Bloom Energy Corporation (NYSE:BE – Get Free Report) shares were down 16.6% on Friday . The stock traded as low as $247.74 and last traded at $257.8010. Approximately 56,931,796 shares traded hands during mid-day trading, an increase of 396% from the average daily volume of 11,488,252 shares. The stock had previously closed at $309.18.
More Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy continues to be viewed as a key beneficiary of rising AI data center power demand, with articles highlighting it as a solution to one of AI’s biggest infrastructure constraints. This Energy Stock Is Helping Solve AI’s Biggest Constraint
- Positive Sentiment: Bloom Energy has been described as a hot AI infrastructure stock that has surged sharply over the last year, showing strong investor enthusiasm for its fuel cell systems. This AI Infrastructure Stock Is Up 14X in the Last Year (Hint: It’s Not Micron)
- Neutral Sentiment: Bloom Energy remains a stock market favorite in broader coverage, but the headline does not add a clear new operational catalyst for the company. Bloom Energy
- Neutral Sentiment: Analysts and commentators are debating whether Bloom Energy is still a buy, with the main concern being that the stock now trades at a rich valuation after its rally. Is Bloom Energy a Buy Now?
- Negative Sentiment: Bloom Energy shares are under pressure as traders lock in gains after the recent surge to new highs, suggesting the move may be overextended in the short term. Bloom Energy Shares Are Sliding Friday: What’s Going On?
- Negative Sentiment: Market commentary notes a sharp reversal in fuel cell stocks, with Bloom Energy singled out as falling while peers diverged, reinforcing the profit-taking narrative. FuelCell Energy Rockets 24%, Bloom Energy Tumbles 14% in a Stunning Fuel Cell Divergence
- Negative Sentiment: Another report described a profit-taking reversal across fuel cell names, indicating that some of the recent enthusiasm in the sector is fading. FuelCell Energy Drops 10%, Bloom Energy Falls 7% in a Profit-Taking Reversal as Plug Power Edges Up
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BE. TD Cowen upped their price target on Bloom Energy to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein began coverage on Bloom Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price objective for the company. Roth Mkm set a $225.00 target price on Bloom Energy in a research report on Wednesday, April 29th. BTIG Research increased their price target on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Robert W. Baird increased their price target on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.36.
Bloom Energy Price Performance
The stock’s 50 day simple moving average is $273.94 and its 200-day simple moving average is $184.71. The firm has a market cap of $73.33 billion, a price-to-earnings ratio of -5,154.99 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.
Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’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 firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Satish Chitoori sold 20,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 230,274 shares of company stock worth $58,696,472 over the last three months. Corporate insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Bloom Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Bloom Energy in the 1st quarter valued at $27,000. Godsey & Gibb Inc. increased its stake in shares of Bloom Energy by 2,000.0% in the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. CENTRAL TRUST Co increased its stake in shares of Bloom Energy by 10,000.0% in the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after acquiring an additional 300 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after purchasing an additional 100 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.
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