Robert W. Baird Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Bloom Energy (NYSE:BE) had its price objective raised by analysts at Robert W. Baird to $242.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 1.69% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Mizuho raised their target price on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Barclays assumed coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 target price on the stock. UBS Group raised their target price on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $154.86.

Bloom Energy Stock Up 3.6%

Bloom Energy stock opened at $237.99 on Wednesday. The stock has a market cap of $66.77 billion, a P/E ratio of -626.28, a P/E/G ratio of 9.23 and a beta of 3.18. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. Bloom Energy has a twelve month low of $16.05 and a twelve month high of $241.60. The company’s 50-day moving average price is $161.80 and its two-hundred day moving average price is $132.27.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) 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 quarter in the prior year, the business posted $0.43 EPS. The business’s 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, analysts expect that Bloom Energy will post 1 EPS for the current year.

Insider Activity

In related news, insider Satish Chitoori sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were 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 approximately $43,371,303.95. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Maciej Kurzymski sold 7,800 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the sale, the insider owned 84,294 shares in the company, valued at $12,800,043.90. This represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 455,092 shares of company stock worth $78,564,475. Insiders own 3.60% of the company’s stock.

Institutional Trading of Bloom Energy

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC boosted 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 worth $28,000 after acquiring an additional 67 shares in the last quarter. Orion Capital Management LLC boosted its position in shares of Bloom Energy by 0.7% during the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after acquiring an additional 83 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after acquiring an additional 87 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

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.