Bloom Energy (NYSE:BE) Shares Up 12.9% – Still a Buy?

Bloom Energy Corporation (NYSE:BE) rose 12.9% on Tuesday . The company traded as high as $135.64 and last traded at $134.9810. Approximately 11,421,441 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 11,634,619 shares. The stock had previously closed at $119.51.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. China Renaissance assumed coverage on Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price target on the stock. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Robert W. Baird set a $172.00 target price on Bloom Energy in a research report on Tuesday, January 27th. Morgan Stanley boosted their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Roth Mkm upped their price target on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.65.

Bloom Energy Trading Up 12.9%

The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The firm has a fifty day moving average price of $151.66 and a 200 day moving average price of $120.33. The company has a market cap of $37.87 billion, a price-to-earnings ratio of -355.21, a P/E/G ratio of 5.44 and a beta of 3.11.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary S. Pinkus sold 1,250 shares of Bloom Energy stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.80, for a total transaction of $207,250.00. Following the completion of the transaction, the director owned 4,149 shares in the company, valued at approximately $687,904.20. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 15,410 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $150.47, for a total value of $2,318,742.70. Following the transaction, the insider directly owned 195,732 shares in the company, valued at approximately $29,451,794.04. This trade represents a 7.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,092 shares of company stock worth $61,365,925 in the last three months. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. WPG Advisers LLC raised its stake in Bloom Energy by 26.4% in 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 period. Hantz Financial Services Inc. lifted its holdings 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. Caitong International Asset Management Co. Ltd bought a new position in Bloom Energy during the fourth quarter worth $28,000. N.E.W. Advisory Services LLC bought a new position in Bloom Energy during the third quarter worth $32,000. Finally, Fifth Third Bancorp acquired a new position in shares of Bloom Energy in the third quarter valued at $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.