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

Shares of Bloom Energy Corporation (NYSE:BE) were 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. Approximately 13,123,313 shares changed hands during trading, an increase of 13% from the average daily volume of 11,616,533 shares. The stock had previously closed at $133.24.

Other analysts have also issued reports about the stock. UBS Group restated a “buy” rating and set a $170.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Roth Mkm increased their target price on Bloom Energy to $133.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Robert W. Baird set a $172.00 price target on Bloom Energy in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.65.

Insider Transactions at Bloom Energy

In related news, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the transaction, the insider owned 84,294 shares in the company, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the transaction, the insider directly owned 190,521 shares of the company’s stock, valued at $29,502,176.85. The trade was a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 370,092 shares of company stock valued at $61,365,925. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently made changes to their positions in the business. Graticule Asia Macro Advisors LLC purchased a new stake in Bloom Energy in the third quarter worth $402,494,000. Brooklands Fund Management Ltd purchased a new position in Bloom Energy during the 4th quarter valued at $347,560,000. Trivest Advisors Ltd raised its holdings in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. Norges Bank bought a new position in Bloom Energy in the 4th quarter worth $239,683,000. Finally, Amundi lifted its position in shares of 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 purchasing an additional 2,511,426 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

The company’s 50-day moving average price is $151.66 and its 200 day moving average price is $120.33. The stock has a market capitalization of $33.52 billion, a PE ratio of -314.41, a PEG ratio of 5.44 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. Bloom Energy’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal 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.