Bloom Energy (NYSE:BE) Price Target Raised to $229.00

Bloom Energy (NYSE:BE) had its price objective upped by Citigroup to $229.00 in a research report sent to investors on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Evercore restated an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada set a $143.00 price target on shares of Bloom Energy in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.86.

Bloom Energy Stock Up 3.6%

NYSE BE opened at $237.99 on Tuesday. The stock has a market cap of $66.77 billion, a PE ratio of -626.28, a PEG ratio of 9.23 and a beta of 3.18. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy has a twelve month low of $16.05 and a twelve month high of $241.60. The firm has a 50-day simple moving average of $161.80 and a 200 day simple moving average of $132.27.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts forecast that Bloom Energy will post 1 EPS for the current year.

Insider Activity

In other news, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the transaction, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at $372,277,730. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 455,092 shares of company stock worth $78,564,475. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BE. Blue Trust Inc. lifted its position in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC lifted its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Orion Capital Management LLC lifted its position in 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 acquiring an additional 83 shares in the last quarter. Ritholtz Wealth Management lifted its position in Bloom Energy by 1.5% in the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after acquiring an additional 87 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in Bloom Energy by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock valued at $113,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

About Bloom Energy

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.