Bloom Energy (NYSE:BE) Upgraded at Barclays

Barclays upgraded shares of Bloom Energy (NYSE:BE) from an equal weight rating to an overweight rating in a report published on Tuesday, Marketbeat.com reports. The firm currently has $289.00 price target on the stock, down from their previous price target of $316.00.

A number of other research firms also recently issued reports on BE. Evercore restated an “outperform” rating on shares of Bloom Energy in a research note on Monday, October 26th. UBS Group upped their price objective on Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. reduced their price objective on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. TD Cowen raised Bloom Energy to a “hold” rating in a report on Monday, October 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $242.00 target price on shares of Bloom Energy in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $263.05.

Bloom Energy Stock Down 16.4%

BE stock opened at $167.51 on Tuesday. The business has a 50 day moving average of $246.89 and a 200 day moving average of $220.87. The firm has a market cap of $49.53 billion, a PE ratio of 104.92, a price-to-earnings-growth ratio of 2.02 and a beta of 3.63. Bloom Energy has a twelve month low of $75.70 and a twelve month high of $351.28. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. Bloom Energy’s revenue was up 138.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. On average, research analysts forecast that Bloom Energy will post 2.61 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In other Bloom Energy news, Director Barbara J. Burger sold 2,333 shares of Bloom Energy stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total transaction of $501,711.65. Following the transaction, the director owned 36,607 shares of the company’s stock, valued at $7,872,335.35. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 85,859 shares of company stock worth $20,994,650 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in Bloom Energy by 30.4% during the third quarter. Fifth Third Bancorp now owns 58,744 shares of the company’s stock worth $16,271,000 after buying an additional 13,683 shares during the period. Artemis Wealth Advisors LLC grew its position in shares of Bloom Energy by 50.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 12,000 shares of the company’s stock worth $3,324,000 after buying an additional 4,000 shares during the last quarter. New Mexico Educational Retirement Board purchased a new position in shares of Bloom Energy in the 3rd quarter worth approximately $4,072,000. Maryland State Retirement & Pension System grew its position in shares of Bloom Energy by 15.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 16,886 shares of the company’s stock worth $4,677,000 after buying an additional 2,260 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Bloom Energy by 16.9% during the 3rd quarter. Ritholtz Wealth Management now owns 8,605 shares of the company’s stock worth $2,383,000 after acquiring an additional 1,241 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Key Stories Impacting Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy and NTT DATA agreed to deploy up to 900 megawatts of onsite power across multiple data-center projects worldwide, reinforcing demand for Bloom’s fuel cells. NTT DATA agreement with Bloom Energy
• Positive Sentiment: Recent results and guidance remain strong: third-quarter revenue rose 138% year over year to $1.24 billion, earnings beat estimates, and Bloom raised its full-year revenue outlook to $4.4 billion–$4.6 billion. Bloom Energy raises full-year outlook
• Positive Sentiment: Barclays upgraded BE to Overweight, citing demand for reliable onsite power, including from data centers. Barclays upgrade and Bloom demand trends
• Neutral Sentiment: Director Barbara J. Burger sold 2,333 shares, about 6% of her holdings, while director John Chambers also recently disclosed a share sale. Insider sales can attract attention, though both directors retained substantial stakes. SEC filing for Barbara J. Burger transaction
• Negative Sentiment: Investors are concerned that political or regulatory changes after the midterms could slow AI data-center construction and its associated power demand. The broader concern hit fuel-cell and AI-related stocks, despite Bloom’s NTT DATA deal. Bloom Energy slides amid AI data-center concerns
• Negative Sentiment: Some analysts have warned that negative AI-sector sentiment and questions about future growth and margins could pressure the shares; BE’s high valuation may leave it particularly sensitive to shifts in expectations. Analyst downgrades Bloom Energy to Hold

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.