Bloom Energy (NYSE:BE) Sets New 1-Year High – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $302.99 and last traded at $288.1130, with a volume of 9885668 shares. The stock had previously closed at $290.52.

Analyst Ratings Changes

A number of equities analysts have issued reports on BE shares. Barclays increased their price target on Bloom Energy to $177.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.81.

Bloom Energy Stock Performance

The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm has a market capitalization of $80.06 billion, a PE ratio of -5,706.56 and a beta of 3.82. The firm has a fifty day moving average price of $177.71 and a 200 day moving average price of $140.85.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the previous year, the company earned $0.03 EPS. The business’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Research analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the sale, the insider owned 341,731 shares in the company, valued at approximately $95,342,949. This represents a 9.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the transaction, the insider owned 180,521 shares in the company, valued at approximately $24,529,193.48. The trade was a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 490,092 shares of company stock worth $88,329,475 over the last three months. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. Hanseatic Management Services Inc. acquired a new stake in Bloom Energy during the 1st quarter worth about $1,399,000. Mediolanum International Funds Ltd increased its holdings in shares of Bloom Energy by 809.4% in the 1st quarter. Mediolanum International Funds Ltd now owns 148,499 shares of the company’s stock valued at $20,120,000 after purchasing an additional 132,169 shares during the period. Jennison Associates LLC increased its holdings in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after purchasing an additional 2,673,710 shares during the period. California Public Employees Retirement System lifted its position in shares of Bloom Energy by 6.1% in the first quarter. California Public Employees Retirement System now owns 403,159 shares of the company’s stock worth $54,624,000 after purchasing an additional 23,171 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Bloom Energy by 6,709.9% during the first quarter. Assetmark Inc. now owns 18,523 shares of the company’s stock worth $2,510,000 after purchasing an additional 18,251 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

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.