Bloom Energy (NYSE:BE) Shares Down 9.2% – Time to Sell?

Posted by George Bondi on Oct 24th, 2026

Bloom Energy Corporation (NYSE:BE – Get Free Report) shares traded down 9.2% during mid-day trading on Thursday. The stock traded as low as $210.74 and last traded at $216.6890. Approximately 21,555,632 shares traded hands during mid-day trading, an increase of 65% from the average session volume of 13,040,271 shares. The stock had previously closed at $238.53.

Key Bloom Energy News

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

Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Net income reached $250.3 million, compared with a loss in the prior-year quarter. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
Positive Sentiment: The company raised its full-year 2026 outlook for the third time, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above consensus expectations. Management cited strong product sales, rising backlog and demand from data centers and other customers requiring reliable, on-site power. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
Positive Sentiment: Analyst sentiment remained generally constructive: JPMorgan maintained an “overweight” rating despite lowering its price target to $292, while RBC reaffirmed “outperform” with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
Neutral Sentiment: Broader selling in AI-related and data-center power stocks is adding pressure, as investors reassess whether projected capital spending will translate into near-term returns. Bloom’s CEO said the company’s opportunity extends beyond artificial intelligence, including broader distributed-power demand. The AI Rout: Sorting CAPEX Fact From Fiction
Negative Sentiment: Operating and net cash flow were negative by roughly $180 million in the quarter. Investors are concerned that aggressive manufacturing expansion and other growth investments could require substantial cash before the higher revenue and backlog convert into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
Negative Sentiment: At a very high earnings multiple, Bloom Energy had already priced in substantial growth. Consequently, the cash-flow shortfall and expansion spending outweighed the earnings beat and guidance increase for short-term investors.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of recent research reports. Truist Financial upped their target price on Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, October 16th. Roth Capital set a $230.00 target price on shares of Bloom Energy in a research note on Friday. Evercore restated an “outperform” rating on shares of Bloom Energy in a research report on Friday, August 7th. Mizuho increased their price objective on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Finally, Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy has an average rating of “Moderate Buy” and a consensus price target of $258.36.

Get Our Latest Report on Bloom Energy

Bloom Energy Stock Down 11.6%

The firm has a 50-day simple moving average of $248.71 and a two-hundred day simple moving average of $249.16. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The stock has a market cap of $56.70 billion, a P/E ratio of 118.11, a PEG ratio of 2.81 and a beta of 3.77.

Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a return on equity of 53.69% and a net margin of 13.53%. Bloom Energy’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Equities research analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. 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. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after purchasing an additional 583,135 shares during the period. Jennison Associates LLC raised its stake in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the period. Bank of America Corp DE lifted its position in shares of Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after purchasing an additional 126,649 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Bloom Energy in the second quarter valued at $296,413,000. Finally, Elemental Capital Partners LLC raised its holdings in Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after acquiring an additional 25,625 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

(Get Free Report)

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.