Bloom Energy (NYSE:BE) Trading Up 7.7% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) shares were up 7.7% on Wednesday . The company traded as high as $165.00 and last traded at $164.87. Approximately 9,784,525 shares traded hands during trading, a decline of 19% from the average daily volume of 12,091,379 shares. The stock had previously closed at $153.02.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BE shares. Daiwa Securities Group set a $98.00 price objective on shares of Bloom Energy in a research report on Tuesday, December 2nd. Morgan Stanley boosted their target price on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price target on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Roth Mkm lifted their price target on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $102.00 price objective on Bloom Energy in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $131.87.

Bloom Energy Trading Down 15.1%

The firm has a 50 day moving average of $140.35 and a 200 day moving average of $108.05. The firm has a market cap of $38.10 billion, a PE ratio of -357.37, a P/E/G ratio of 6.73 and a beta of 3.11. 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 (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share 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 7.88%. The firm had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the completion of the transaction, the insider owned 210,465 shares of the company’s stock, valued at approximately $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 25,244 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the completion of the sale, the insider owned 227,048 shares in the company, valued at $40,398,650.64. This represents a 10.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 268,788 shares of company stock valued at $45,575,889 in the last three months. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in Bloom Energy during the first quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new position in shares of Bloom Energy during the 1st quarter valued at about $1,820,000. NewEdge Advisors LLC lifted its position in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

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.