Why Bloom Energy (BE) Shares Are Plunging Today

What Happened?

Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 5.5% in the morning session after it received positive commentary from Wall Street analysts, suggesting a possible pullback after a significant rally. 

The decline occurred even as Baird raised its price target on the stock to $61 and BMO Capital increased its target to $75, with both firms maintaining an "Outperform" rating. The stock's performance was exceptionally strong, surging over 450% in the past year, which may have prompted some investors to take profits. Baird analysts also noted the stock has a relatively high beta of 3.4, indicating higher volatility, which can contribute to sharp daily price swings like the one seen today.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Bloom Energy? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Bloom Energy’s shares are extremely volatile and have had 65 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 1 day ago when the stock gained 7.9% on the news that RBC Capital Markets significantly raised its price target on the stock, alongside news of the company placing a substantial component order. The investment bank boosted its price target to $75 from $35 while maintaining an "Outperform" rating, signaling strong confidence in the company's outlook.

Bloom Energy is up 173% since the beginning of the year, and at $63.76 per share, it is trading close to its 52-week high of $67.29 from September 2025. Investors who bought $1,000 worth of Bloom Energy’s shares 5 years ago would now be looking at an investment worth $4,358.

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