Bloom Energy (NYSE:BE) Shares Up 2.6% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s stock price rose 2.6% during mid-day trading on Tuesday . The stock traded as high as $297.97 and last traded at $281.6020. Approximately 11,229,469 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 11,068,038 shares. The stock had previously closed at $274.50.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. BTIG Research increased their target price on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $335.00 target price on shares of Bloom Energy in a research note on Wednesday, June 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Price Performance

The company has a 50 day moving average of $248.99 and a 200-day moving average of $172.99. The stock has a market capitalization of $80.10 billion, a P/E ratio of -5,630.91 and a beta of 3.74. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Activity

In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the sale, the director directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. This trade represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aman Joshi sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the sale, the insider owned 180,521 shares in the company, valued at $24,529,193.48. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 234,188 shares of company stock valued at $57,693,971 over the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC bought a new stake in Bloom Energy in the third quarter valued at $402,494,000. Brooklands Fund Management Ltd bought a new stake in Bloom Energy in the fourth quarter valued at $347,560,000. Trivest Advisors Ltd lifted its stake in Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after buying an additional 3,201,000 shares during the last quarter. Norges Bank bought a new stake in Bloom Energy in the fourth quarter valued at $239,683,000. Finally, Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

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.