Bloom Energy (NYSE:BE) Trading 3.6% Higher After Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares traded up 3.6% during mid-day trading on Thursday after Robert W. Baird raised their price target on the stock to $242.00. Robert W. Baird currently has an outperform rating on the stock. Bloom Energy traded as high as $241.60 and last traded at $237.9850. 7,662,725 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 11,340,693 shares. The stock had previously closed at $229.75.

Other analysts have also issued reports about the stock. TD Cowen boosted their price objective on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a report on Friday, February 6th. Citigroup boosted their price objective on shares of Bloom Energy to $229.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Bloom Energy to $231.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Truist Financial set a $68.00 price target on shares of Bloom Energy in a research note on Friday, January 9th. Finally, Mizuho boosted their price target on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.86.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the sale, the insider directly owned 180,521 shares in the company, valued at $24,529,193.48. This represents a 5.25% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the sale, the insider owned 212,365 shares in the company, valued at $43,371,303.95. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 455,092 shares of company stock valued at $78,564,475 over the last three months. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Bloom Energy

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the period. WPG Advisers LLC increased its stake in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the period. Orion Capital Management LLC increased its stake in shares of Bloom Energy by 0.7% during the fourth quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after buying an additional 83 shares during the period. Ritholtz Wealth Management increased its stake in shares of Bloom Energy by 1.5% during the fourth quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after buying an additional 87 shares during the period. Finally, CoreCap Advisors LLC increased its stake in shares of Bloom Energy by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after buying an additional 88 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

The stock’s 50 day moving average is $161.80 and its two-hundred day moving average is $132.27. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The stock has a market capitalization of $66.77 billion, a PE ratio of -626.28, a price-to-earnings-growth ratio of 9.23 and a beta of 3.18.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1 earnings per share for the current fiscal year.

Bloom Energy Company Profile

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.