Investors Purchase High Volume of Bloom Energy Put Options (NYSE:BE)

Bloom Energy Corporation (NYSE:BE) was the target of some unusual options trading activity on Wednesday. Traders acquired 122,838 put options on the company. This represents an increase of approximately 44% compared to the average volume of 85,022 put options.

Analyst Upgrades and Downgrades

BE has been the topic of several recent analyst reports. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. TD Cowen boosted their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Citigroup reaffirmed a “neutral” rating on shares of Bloom Energy in a research report on Thursday, May 28th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. Finally, Robert W. Baird boosted their target price on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $238.82.

Bloom Energy Trading Down 7.0%

Shares of Bloom Energy stock traded down $18.74 on Wednesday, hitting $250.83. 15,418,051 shares of the company traded hands, compared to its average volume of 11,692,202. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The company has a market cap of $71.35 billion, a PE ratio of -5,015.66 and a beta of 3.73. The stock’s 50 day moving average price is $283.22 and its 200-day moving average price is $194.93. Bloom Energy has a 52 week low of $24.04 and a 52 week high of $351.28.

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. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.Bloom Energy’s revenue was up 130.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts predict that Bloom Energy will post 1.34 EPS for the current year.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 8,343 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the transaction, the insider directly owned 163,807 shares in the company, valued at approximately $49,202,708.59. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the transaction, the insider owned 132,265 shares in the company, valued at $38,175,646.95. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 228,617 shares of company stock valued at $59,843,659. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. lifted its holdings in shares of Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Compound Planning Inc. raised its stake in Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after buying an additional 38 shares during the last quarter. Blue Trust Inc. boosted its holdings in Bloom Energy by 37.2% in the first 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. HB Wealth Management LLC boosted its holdings in Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after acquiring an additional 54 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Bloom Energy by 0.7% during the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other 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.