Bloom Energy Corporation (NYSE:BE) shares are in the spotlight Friday, with earnings on deck, backlog and guidance in focus, recent analyst activity and a technical setup showing a pullback inside a broader uptrend.
- Bloom Energy stock is facing resistance. Why are BE shares declining?
Earnings Preview & History
Bloom Energy is scheduled to report third-quarter earnings on October 22 after the market closes. Analysts estimate earnings per share of 67 cents along with revenue of $1.05 billion. For the prior quarter, Bloom Energy reported earnings per share of 78 cents, beating the consensus estimate of 40 cents. The company also posted revenue of $1.06 billion, beating the consensus estimate of $822.77 million.
What to Watch: Backlog Growth, Guidance and Customer Concentration
Investors will be closely tracking backlog and bookings, since management said backlog is growing faster than revenue as new customers place longer-term orders. Full-year guidance will also be in focus after Bloom raised its 2026 revenue outlook to $3.9 billion to $4.2 billion and non-GAAP earnings per share to $2.55 to $2.85 in July.
Customer concentration will draw attention as well, with one customer accounting for about 73% of second-quarter revenue. Progress expanding manufacturing capacity ahead of orders and adoption of Brookfield’s expanded financing framework, which supports up to $25 billion in deployments, will also be in focus.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $289.41. Recent analyst moves include:
- Baird: Outperform (Raises Target to $351.00) (Oct. 15)
- UBS: Buy (Raises Target to $350.00) (Oct. 7)
- Bernstein: Market Perform (Maintains Target to $282.00) (Oct. 7)
A Pullback Inside a Broader Uptrend, With the 200-Day Average in Sight
At $233.00, the stock is trading 14.8% below its 20-day SMA ($273.59), 6.3% below its 50-day SMA ($248.78), and 7.8% below its 100-day SMA ($252.63), which frames the current move as a pullback inside a broader uptrend. It’s still 8.1% above its 200-day SMA ($215.63), a level many longer-term traders use as the “line in the sand” for trend health.
Momentum is leaning cautious: MACD is below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. Put simply, when MACD sits below its signal line, it often means rallies are having a harder time sustaining unless buyers step back in with follow-through.
The moving-average structure is still constructive longer term (the 20-day SMA remains above the 50-day SMA, and the 50-day SMA is above the 200-day SMA), but price is currently below the shorter and intermediate averages—so rebounds may need to reclaim those zones to look “trend-on” again.
- Key Resistance: $253.50 — a nearby ceiling that lines up closely with the 50-day/100-day moving-average area where rebounds can stall
- Key Support: $197.50 — a nearby floor that sits below current price and can matter if the pullback extends toward prior demand zones
Bloom Energy Shares Edge Lower
BE Price Action: At the time of publication, Bloom Energy shares are trading 1.61% lower at $232.50, according to data from Benzinga Pro.
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