Bloom Energy (NYSE:BE) Stock Price Up 3.6% Following Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares shot up 3.6% on Thursday after Robert W. Baird raised their price target on the stock to $242.00. Robert W. Baird currently has an outperform rating on the stock. Bloom Energy traded as high as $241.60 and last traded at $237.9850. 7,662,725 shares were traded during mid-day trading, a decline of 32% from the average session volume of 11,340,693 shares. The stock had previously closed at $229.75.

Other equities research analysts also recently issued reports about the stock. China Renaissance began coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective for the company. Mizuho lifted their price objective on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. BMO Capital Markets lifted their price objective on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Morgan Stanley lifted their price objective on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Susquehanna lowered their price objective on shares of Bloom Energy to $173.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.86.

Insider Buying and Selling at Bloom Energy

In related news, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $6,126,900.00. Following the transaction, the insider directly owned 165,732 shares of the company’s stock, valued at approximately $33,847,446.36. This trade represents a 15.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 455,092 shares of company stock worth $78,564,475. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. EWA LLC purchased a new position in shares of Bloom Energy during the first quarter worth $273,000. Apollon Wealth Management LLC increased its holdings in Bloom Energy by 27.6% in the first quarter. Apollon Wealth Management LLC now owns 3,663 shares of the company’s stock valued at $496,000 after buying an additional 792 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Bloom Energy during the first quarter worth about $542,000. Janney Montgomery Scott LLC increased its stake in shares of Bloom Energy by 147.4% during the first quarter. Janney Montgomery Scott LLC now owns 115,891 shares of the company’s stock worth $15,702,000 after purchasing an additional 69,040 shares in the last quarter. Finally, MRA Advisory Group boosted its position in Bloom Energy by 4.5% during the first quarter. MRA Advisory Group now owns 5,446 shares of the company’s stock worth $738,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 3.6%

The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of -626.28, a price-to-earnings-growth ratio of 8.87 and a beta of 3.18. The business’s 50-day moving average is $159.81 and its two-hundred day moving average is $131.54. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. Bloom Energy’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts anticipate that Bloom Energy Corporation will post 1 EPS for the current year.

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.