Bloom Energy Corporation (NYSE:BE – Get Free Report) shares were down 10.1% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $205.50 and last traded at $208.6920. Approximately 15,293,079 shares were traded during trading, an increase of 22% from the average session volume of 12,506,144 shares. The stock had previously closed at $232.16.
Specifically, insider Shawn Marie Soderberg sold 2,895 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the transaction, the insider directly owned 129,370 shares in the company, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,053 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $241.64, for a total transaction of $496,086.92. Following the transaction, the insider directly owned 205,364 shares of the company’s stock, valued at approximately $49,624,156.96. This represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In related news, Director Jeffrey R. Immelt sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Analysts Set New Price Targets
Several brokerages have commented on BE. Truist Financial cut their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a report on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and issued a $295.00 price objective on shares of Bloom Energy in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $248.05.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom introduced Power Connect, a factory-integrated system designed to reduce onsite power installation time by more than 40%. Faster deployment could strengthen Bloom’s position in power-constrained AI data centers, where hyperscalers need electricity sooner. Bloom Energy Introduces Power Connect
- Positive Sentiment: Growing demand from Nvidia-powered data centers is supporting the broader investment case for onsite power providers. Bloom’s fuel cells can bypass grid bottlenecks, while the company’s recent revenue growth, AI infrastructure opportunities and reported visibility into major deployments provide potential long-term upside. Nvidia Chip-Filled Data Centers Need More Power
- Neutral Sentiment: Bloom’s latest quarterly results were strong: revenue reached $1.07 billion, up 165.5% year over year, and EPS of $0.78 exceeded the $0.39 consensus estimate. However, the stock’s valuation—around 275 times earnings—leaves limited room for execution problems or slower AI project conversions.
- Negative Sentiment: Several law firms are promoting a securities class action covering purchases from February 27, 2025, through July 8, 2026. The allegations include potentially misleading disclosures about Chinese export controls, tariffs and the sourcing of critical materials. The claims have not been proven, but the litigation creates headline and potential financial risk; the lead-plaintiff deadline is September 28, 2026. Bloom Energy Investor Notice
- Negative Sentiment: Higher Treasury yields have pressured fuel-cell and hydrogen stocks by making richly valued growth companies less attractive relative to bonds. Investors are also focused on permitting, supply-chain and timing risks for large AI-related projects, including Project Jupiter.
- Negative Sentiment: Recent filings show insider selling, including a sizeable sale by Director Jeffrey Immelt. Some transactions were attributed to tax withholding on vested equity, but continued selling without reported open-market purchases may weigh on sentiment.
Bloom Energy Stock Performance
The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The company has a 50 day simple moving average of $246.25 and a 200-day simple moving average of $216.61. The firm has a market cap of $60.67 billion, a PE ratio of 274.67, a price-to-earnings-growth ratio of 2.86 and a beta of 3.79.
Bloom Energy (NYSE:BE – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts anticipate that Bloom Energy Corporation will post 1.92 EPS for the current year.
Hedge Funds Weigh In On Bloom Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy in the fourth quarter worth approximately $347,560,000. Norges Bank purchased a new stake in Bloom Energy during the 4th quarter valued at $239,683,000. Jennison Associates LLC boosted its position 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 valued at $364,066,000 after buying an additional 2,673,710 shares during the period. Amundi grew its holdings in Bloom Energy by 390.7% in the 4th quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after acquiring an additional 2,511,426 shares during the last quarter. Finally, Man Group plc increased its position in shares of Bloom Energy by 177.4% in the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after acquiring an additional 1,530,167 shares during the period. 77.04% of the stock is currently 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.
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