Bloom Energy (NYSE:BE) Stock Rating Upgraded by Wall Street Zen

Bloom Energy (NYSE:BE) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also recently weighed in on BE. Bank of America set a $39.00 price target on Bloom Energy in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Daiwa Securities Group set a $98.00 target price on shares of Bloom Energy in a research report on Tuesday, December 2nd. TD Cowen upped their price target on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $132.61.

Bloom Energy Stock Up 0.5%

BE opened at $139.70 on Friday. The stock’s fifty day simple moving average is $122.35 and its 200 day simple moving average is $97.30. Bloom Energy has a 1-year low of $15.15 and a 1-year high of $176.49. The stock has a market cap of $39.19 billion, a PE ratio of -367.63, a price-to-earnings-growth ratio of 5.78 and a beta of 3.07. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts expect that Bloom Energy will post -0.23 earnings per share for the current year.

Insider Activity

In other news, insider Satish Chitoori sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total value of $37,979.72. Following the completion of the transaction, the insider directly owned 229,449 shares in the company, valued at approximately $20,219,045.88. The trade was a 0.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors have recently modified their holdings of the business. WPG Advisers LLC grew its position in 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 acquiring an additional 67 shares during the last quarter. Orion Capital Management LLC boosted its stake in shares of Bloom Energy by 0.7% in the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after purchasing an additional 83 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after purchasing an additional 87 shares during the last quarter. CoreCap Advisors LLC increased its position in Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after purchasing an additional 88 shares in the last quarter. Finally, Reliant Investment Management LLC lifted its stake in Bloom Energy by 3.6% in the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds 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.