Bloom Energy shares fell 12.9% as of 1:21 p.m. ET after the company reported Q3 2026 results. Operating cash flow was negative $27.1 million, compared with positive $226.4 million in Q2 2026 and $19.7 million in Q3 2025, even though revenue hit a record $1.24 billion, up 138.1% year over year, and diluted EPS was $0.78 versus negative $0.10 a year earlier. Roth Capital cut its price target to $230 from $260 and kept a neutral rating, JPMorgan lowered its target to $292 from $314, and BTIG cut its target to $250 from $295. The analysts cited different reasons, but a common factor was the stock's high valuation, with shares trading at 132.8 times trailing earnings.
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