Bloom Energy (NYSE:BE) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Bloom Energy (NYSE:BE) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

BE has been the subject of a number of other research reports. TD Cowen raised their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research report on Wednesday, June 10th. Robert W. Baird raised their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.14.

Bloom Energy Price Performance

NYSE:BE opened at $285.09 on Tuesday. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The business’s 50-day simple moving average is $254.92 and its two-hundred day simple moving average is $175.55. The stock has a market cap of $81.09 billion, a PE ratio of -5,700.68 and a beta of 3.73. Bloom Energy has a 52 week low of $20.93 and a 52 week high of $322.83.

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

Insiders Place Their Bets

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Maciej Kurzymski sold 2,259 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the completion of the sale, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at approximately $22,998,973.32. The trade was a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 230,274 shares of company stock valued at $58,696,472 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Bloom Energy by 37.2% during the first 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. Anchor Investment Management LLC bought a new stake in shares of Bloom Energy during the first quarter valued at approximately $27,000. Godsey & Gibb Inc. raised its stake in Bloom Energy by 2,000.0% in the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. CENTRAL TRUST Co raised its stake in Bloom Energy by 10,000.0% in the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after buying an additional 300 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Zacks called Bloom Energy a “Bull of the Day,” citing strong demand for its solid oxide fuel cells as a fast-deployable power solution for AI datacenter buildout. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Bernstein initiated coverage with a “Market Perform” rating and a $276 target, suggesting the stock may be fairly valued after its recent run-up. Has BE Stock Peaked Yet? Here’s What Wall Street And Retail Think
• Negative Sentiment: Four Bloom Energy insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski and Aman Joshi, sold shares near $289, which can create short-term pressure despite the sales being tied to tax withholding. SEC filing for Shawn Marie Soderberg sale

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.