Bloom Energy (NYSE:BE) Trading Up 8.4% After Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares were up 8.4% on Monday after Mizuho raised their price target on the stock to $110.00. Mizuho currently has a neutral rating on the stock. Bloom Energy traded as high as $157.00 and last traded at $155.06. Approximately 11,319,695 shares were traded during trading, a decline of 14% from the average daily volume of 13,131,415 shares. The stock had previously closed at $143.03.

Other equities research analysts have also issued reports about the stock. Wedbush set a $39.00 price objective on shares of Bloom Energy in a research note on Tuesday, November 25th. Barclays started coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target on the stock. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $170.00 target price on shares of Bloom Energy in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $128.29.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,733 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $108.26, for a total value of $295,874.58. Following the completion of the sale, the insider owned 223,216 shares of the company’s stock, valued at approximately $24,165,364.16. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 2,085 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $104.08, for a total value of $217,006.80. Following the transaction, the insider directly owned 229,880 shares in the company, valued at $23,925,910.40. The trade was a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,639 shares of company stock worth $1,496,660 in the last three months. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently made changes to their positions in BE. Hantz Financial Services Inc. boosted its stake in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $32,000. N.E.W. Advisory Services LLC purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

Bloom Energy Price Performance

The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. The business has a 50-day moving average of $119.60 and a 200 day moving average of $94.19. The firm has a market capitalization of $36.67 billion, a PE ratio of -408.05, a price-to-earnings-growth ratio of 11.56 and a beta of 3.07.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 8.38%. The firm had revenue of $777.68 million during 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, research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

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.