Bloom Energy (NYSE:BE) Shares Down 10.3% After Analyst Downgrade

Bloom Energy Corporation (NYSE:BE)’s stock price traded down 10.3% during trading on Monday after Jefferies Financial Group lowered their price target on the stock to $97.00. Jefferies Financial Group currently has an underperform rating on the stock. Bloom Energy traded as low as $116.51 and last traded at $119.4770. 13,123,313 shares were traded during mid-day trading, an increase of 13% from the average session volume of 11,616,533 shares. The stock had previously closed at $133.24.

Other equities research analysts have also recently issued research reports about the stock. BTIG Research lifted their price target on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays began coverage on Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target for the company. TD Cowen boosted their price objective on Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Bloom Energy has an average rating of “Hold” and a consensus target price of $131.65.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 19,944 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Marie Soderberg sold 29,807 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $153.78, for a total transaction of $4,583,720.46. Following the completion of the transaction, the insider directly owned 224,216 shares in the company, valued at approximately $34,479,936.48. The trade was a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 370,092 shares of company stock worth $61,365,925. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors have recently added to or reduced their stakes in BE. Vanguard Group Inc. boosted its position in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after acquiring an additional 1,240,819 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after purchasing an additional 269,662 shares during the last quarter. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy in the third quarter worth approximately $402,494,000. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy in the fourth quarter valued at approximately $347,560,000. Finally, Trivest Advisors Ltd lifted its position in Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Trading Up 12.9%

The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $37.87 billion, a P/E ratio of -355.21, a price-to-earnings-growth ratio of 4.88 and a beta of 3.11. The firm’s 50-day simple moving average is $151.34 and its 200-day simple moving average is $120.81.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

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.