Bloom Energy Corporation (NYSE:BE) Receives Average Rating of “Hold” from Brokerages

Shares of Bloom Energy Corporation (NYSE:BE) have earned a consensus rating of “Hold” from the twenty-six research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $131.6522.

A number of research firms have issued reports on BE. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. Morgan Stanley raised their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Robert W. Baird set a $172.00 target price on Bloom Energy in a research report on Tuesday, January 27th. China Renaissance assumed coverage on Bloom Energy in a report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th.

Bloom Energy Stock Performance

BE opened at $132.48 on Thursday. Bloom Energy has a 1-year low of $15.15 and a 1-year high of $180.90. The company has a market cap of $37.17 billion, a price-to-earnings ratio of -348.64, a PEG ratio of 5.53 and a beta of 3.11. The company’s fifty day moving average price is $150.98 and its two-hundred day moving average price is $120.89. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 35.9% on a year-over-year basis. During the same period 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, analysts expect that Bloom Energy will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Maciej Kurzymski sold 7,800 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the transaction, the insider directly owned 84,294 shares of the company’s stock, valued at $12,800,043.90. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Satish Chitoori sold 18,964 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the transaction, the insider owned 232,365 shares in the company, valued at approximately $35,888,774.25. This trade represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 370,092 shares of company stock valued at $61,365,925 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. World Investment Advisors purchased a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $1,112,000. Corient Private Wealth LLC boosted its position in Bloom Energy by 57.4% in the fourth quarter. Corient Private Wealth LLC now owns 35,947 shares of the company’s stock worth $3,123,000 after purchasing an additional 13,113 shares during the last quarter. Hsbc Holdings PLC grew its stake in Bloom Energy by 31.6% in the 4th quarter. Hsbc Holdings PLC now owns 342,223 shares of the company’s stock valued at $29,697,000 after purchasing an additional 82,089 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Bloom Energy in the 4th quarter valued at $3,665,000. Finally, Virtu Financial LLC purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $360,000. Hedge funds and other 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.