Bloom Energy Corporation (NYSE:BE – Get Free Report) shares fell 5.7% during trading on Wednesday . The company traded as low as $235.34 and last traded at $254.0990. 19,063,172 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 11,729,164 shares. The stock had previously closed at $269.57.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Susquehanna raised its price target on Bloom Energy and kept a positive rating, signaling Wall Street still sees meaningful upside from current levels.
- Positive Sentiment: Robert W. Baird reaffirmed an outperform rating and a $310 price target, suggesting analysts still view the company’s long-term demand outlook favorably.
- Positive Sentiment: Bloom Energy previously beat quarterly earnings and revenue estimates, with strong year-over-year growth that had helped fuel the stock’s strong rally.
- Neutral Sentiment: Some market commentary argues the stock had become stretched after a massive year-to-date gain, making it vulnerable to a pullback even without a major fundamental change. Article Title
- Neutral Sentiment: Bloom Energy has denied the short-seller allegations and filed an 8-K response, trying to reassure investors that the claims about mineral sourcing and supply-chain dependence are inaccurate. Article Title
- Negative Sentiment: A short report questioned Bloom Energy’s scandium and supply-chain disclosures, triggering renewed investor concern about dependence on critical minerals and possible China exposure.
- Negative Sentiment: Multiple law firms have announced securities-fraud investigations tied to the allegations, which adds legal overhang and can keep pressure on the shares.
- Negative Sentiment: Fuel-cell stocks broadly are selling off, with Bloom Energy giving back a portion of its big 2026 gains as the sector unwinds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on BE shares. Sanford C. Bernstein began coverage on Bloom Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $276.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Wednesday, June 10th. Jefferies Financial Group lifted their target price on shares of Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a report on Monday. Finally, UBS Group boosted their target price on shares of Bloom Energy from $322.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and a consensus price target of $242.14.
Bloom Energy Stock Down 4.7%
The business has a 50-day moving average price of $284.20 and a 200-day moving average price of $197.33. The stock has a market cap of $69.65 billion, a PE ratio of -4,896.60 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.
Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts forecast that Bloom Energy Corporation will post 1.34 earnings per share for the current year.
Insider Activity
In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the transaction, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value 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 trade represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 228,617 shares of company stock worth $59,843,659. Company insiders own 3.00% of the company’s stock.
Institutional Investors Weigh In On Bloom Energy
A number of large investors have recently modified their holdings of the business. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy during the 4th quarter valued at about $347,560,000. Norges Bank acquired a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $239,683,000. Jennison Associates LLC increased its holdings in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. Amundi lifted its position in 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 buying an additional 2,511,426 shares in the last quarter. Finally, Man Group plc lifted its position in Bloom Energy by 177.4% during the second 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 in the last quarter. Hedge funds and other institutional investors 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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