Shares of Bloom Energy (BE +9.18%) took a big hit on Monday, tanking 12% as of 2:30 p.m. ET.
There's no company-specific news, but with investors pulling out of high-valuation growth stocks to seek safety from geopolitical turmoil, the sell-off in the hydrogen stock has intensified. One analyst sees further in Bloom Energy shares, especially after the stock's massive rally in one year -- it's still up nearly 480% in one year, as of this writing.
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Analyst cuts price target on Bloom Energy stock
Last Friday, analysts at Jefferies reduced their price target on Bloom Energy from $102 per share to $97 per share, citing rising competition and expectations as potential risks, particularly given limited visibility beyond 2026. That price target represents over 25% downside from the stock's Friday closing price of $133.24 per share.
NYSE: BE
Key Data Points
On March 26, Bloom Energy also announced the appointment of Simon Edwards as the new Chief Financial Officer, effective April 13. Edwards previously served as Groq's CEO for a few months. In December 2025, Groq bagged a $20 billion licensing deal with chip giant, Nvidia. Edwards is a software veteran, so investors are perhaps wondering if he is a good fit for Bloom Energy.
The effects of these two developments spilled over to this week, sending Bloom Energy shares lower on Monday.
What should you do with Bloom Energy stock now?
Bloom Energy stock's dizzying rally has given investors a chance to book some profits off the table, but that doesn't necessarily alter the long-term investing thesis for the company.
Bloom Energy's solid-oxide fuel cell energy servers provide reliable, uninterrupted onsite power that data centers desperately need. The company has a solid customer base, has bagged some massive multi-billion deals, and ended 2025 with a backlog of $20 billion.
