Bloom Energy Shares Drop Most in Three Months Despite Record Revenue
Bloom Energy stock posted its worst single-day fall in three months after beating expectations. Jefferies cut its price target, citing delays on the Oracle project.
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what happened
According to Stocktwits, Bloom Energy (BE) shares fell more than 11% on Friday, their steepest one-day decline in three months, even though third-quarter results and the fiscal 2026 outlook beat Wall Street forecasts. Jefferies analyst Julien Dumoulin-Smith lowered his price target to $242 from $289 and kept a Hold rating, pointing to the lack of updates on delays tied to the company's largest opportunity with Oracle (ORCL). JPMorgan and BTIG also trimmed targets, citing lower peer multiples and near-term margin pressure from expanding capacity.
Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year. Adjusted EPS came in at $0.94 versus expectations of $0.68, and the company raised its 2026 revenue guidance to $4.4–4.6 billion.
why it matters
According to Stocktwits, the stock is up 122% year to date, outpacing the S&P 500 ETF. Investors appear to be focusing on the missing Oracle backlog update rather than the strong headline numbers, which makes that project the key variable for the shares.
market impact
Energy and AI infrastructure: doubts over the Oracle project pressure Bloom Energy shares
tags
instruments
sources
- BE Stock Sees Worst Single-Day Fall In 3 Months — Jefferies Trims Price Target, Flags Lack Of Updates On Its Largest Opportunity With Oracle — Stocktwits, 24 October 2026 at 07:31 UTC
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