Bloom Energy (NYSE:BE) Stock Price Up 1.6% – Should You Buy?

Bloom Energy Corporation (NYSE:BE) shares traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $159.65 and last traded at $153.7850. 10,739,070 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 12,085,886 shares. The stock had previously closed at $151.32.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BE shares. Truist Financial set a $68.00 target price on Bloom Energy in a report on Friday, January 9th. BMO Capital Markets upped their price target on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley raised their price objective on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Evercore reiterated an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Up 1.6%

The firm has a 50 day simple moving average of $142.51 and a two-hundred day simple moving average of $110.33. The stock has a market cap of $43.14 billion, a price-to-earnings ratio of -404.70, a price-to-earnings-growth ratio of 5.52 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (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 in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 25,244 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total value of $4,491,664.92. Following the completion of the transaction, the insider directly owned 227,048 shares in the company, valued at approximately $40,398,650.64. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total value of $34,000,000.00. Following the sale, the chief executive officer directly owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. The trade was a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 268,788 shares of company stock valued at $45,575,889. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC raised its holdings in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Hantz Financial Services Inc. increased 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 worth $28,000 after purchasing an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Bloom Energy in the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy in the 3rd quarter valued at about $32,000. Finally, Fifth Third Bancorp bought a new stake in shares of Bloom Energy in the third quarter valued at about $32,000. 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.