Bloom Energy (NYSE:BE) Rating Increased to Buy at Wall Street Zen

Bloom Energy (NYSE:BE) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. BTIG Research increased their price objective on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Barclays initiated coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price target on the stock. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research note on Friday, January 9th. BMO Capital Markets lifted their target price on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada set a $143.00 price target on shares of Bloom Energy in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $132.61.

Bloom Energy Stock Performance

Shares of BE stock opened at $139.70 on Friday. The company has a current ratio of 5.98, a quick ratio of 2.88 and a debt-to-equity ratio of 3.54. Bloom Energy has a 12-month low of $15.15 and a 12-month high of $176.49. The company has a market cap of $33.04 billion, a price-to-earnings ratio of -367.63, a price-to-earnings-growth ratio of 5.75 and a beta of 3.07. The stock has a 50 day simple moving average of $122.35 and a 200-day simple moving average of $96.45.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities analysts forecast that Bloom Energy will post -0.23 EPS for the current year.

Insiders Place Their Bets

In related news, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider owned 90,005 shares of the company’s stock, valued at $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 1,583 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the sale, the insider directly owned 221,633 shares in the company, valued at $23,486,449.01. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,278 shares of company stock worth $488,001. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. WPG Advisers LLC lifted its position in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy during the 4th quarter worth $28,000. Fifth Third Bancorp acquired a new position in shares of Bloom Energy in the 3rd quarter worth $32,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. 77.04% of the stock is currently owned by institutional investors.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.