Bloom Energy Corporation (NYSE:BE – Get Free Report)’s stock price fell 4.4% on Tuesday. The company traded as low as $181.01 and last traded at $185.36. 13,004,174 shares were traded during mid-day trading, a decline of 3% from the average session volume of 13,453,469 shares. The stock had previously closed at $193.88.
Key Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom has signed fuel-cell contracts totaling about 1.6 gigawatts, including a 900-megawatt deployment for NTT DATA. It is also expected to supply fuel cells for Google’s planned Wyoming data center, supporting the company’s opportunity to meet rising AI power demand. Why Bloom Energy Stock Popped Today
- Positive Sentiment: Recent results showed revenue up 138% year over year, and Bloom raised its full-year guidance. RBC maintained its Outperform rating and $335 price target, citing potential upside. Bloom Energy Sank on Midterm Fears: Why RBC Sees 68% Upside
- Neutral Sentiment: Some investors argue that on-site fuel cells could benefit if data-center developers face grid constraints or tighter environmental rules. However, these potential advantages depend on projects proceeding and translating into revenue. Bloom Energy Blooming With Huge Electricity Demand
- Negative Sentiment: Investors are selling AI-power and data-center stocks amid concerns about financing, capital constraints and overinvestment. Bloom’s third-quarter free cash flow was negative, adding to questions about the cost and timing of its growth. What Set Off the AI Power Sell-off
- Negative Sentiment: Valuation remains a risk: one analysis said shares traded at more than 60 times the midpoint of projected 2026 adjusted EPS. This leaves the stock vulnerable if growth expectations or data-center investment plans disappoint. Is Bloom Energy Really Worth $200 Right Now?
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on BE shares. Wells Fargo & Company lifted their target price on Bloom Energy from $176.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. TD Cowen upgraded Bloom Energy to a “hold” rating in a research note on Monday, October 5th. Evercore restated an “outperform” rating on shares of Bloom Energy in a research note on Monday, October 26th. Morgan Stanley lifted their price objective on Bloom Energy from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Barclays raised Bloom Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $316.00 to $289.00 in a research report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $263.05.
Check Out Our Latest Analysis on BE
Bloom Energy Stock Down 4.4%
The firm has a market cap of $54.80 billion, a P/E ratio of 113.72, a PEG ratio of 2.02 and a beta of 3.63. The firm’s 50-day moving average price is $245.69 and its 200 day moving average price is $221.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.
Bloom Energy (NYSE:BE – Get Free Report) last announced 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. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.15 earnings per share. Bloom Energy’s quarterly revenue was up 138.1% on a year-over-year basis. On average, equities research analysts expect that Bloom Energy Corporation will post 2.61 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Barbara J. Burger sold 2,333 shares of Bloom Energy stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total value of $501,711.65. Following the completion of the transaction, the director directly owned 36,607 shares of the company’s stock, valued at approximately $7,872,335.35. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Chambers sold 8,828 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the sale, the director directly owned 199,505 shares of the company’s stock, valued at approximately $40,585,302.15. This represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 85,859 shares of company stock valued at $20,994,650 over the last quarter. 3.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Bloom Energy
Several institutional investors have recently made changes to their positions in BE. Z3 Capital Partners LLC increased its stake in shares of Bloom Energy by 71.0% during the 3rd quarter. Z3 Capital Partners LLC now owns 2,215 shares of the company’s stock worth $614,000 after purchasing an additional 920 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Bloom Energy in the third quarter worth $13,042,000. Rollins Financial Advisors LLC bought a new stake in Bloom Energy in the third quarter worth $231,000. Cibc World Market Inc. boosted its holdings in Bloom Energy by 17.7% in the third quarter. Cibc World Market Inc. now owns 45,910 shares of the company’s stock worth $12,716,000 after purchasing an additional 6,905 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Bloom Energy during the third quarter worth $6,370,000. 77.04% of the stock is owned by institutional investors.
Bloom Energy Company Profile
Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.
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