Bloom Energy (NYSE:BE) Shares Up 1.5% Following Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares shot up 1.5% on Wednesday after Sanford C. Bernstein upgraded the stock to a hold rating. The stock traded as high as $295.83 and last traded at $285.0910. 10,942,097 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 11,087,672 shares. The stock had previously closed at $280.88.

BE has been the topic of several other reports. JPMorgan Chase & Co. lifted their target price on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group upped their price target on Bloom Energy to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wells Fargo & Company raised their price objective on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. TD Cowen lifted their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, BTIG Research boosted their price objective on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.14.

Insider Activity at Bloom Energy

In related news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the sale, the director directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. The trade was a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aman Joshi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the transaction, the insider directly owned 180,521 shares of the company’s stock, 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 sold a total of 230,274 shares of company stock valued at $58,696,472 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its position in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Bloom Energy in the 1st quarter worth $27,000. WPG Advisers LLC grew its stake in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. increased its holdings in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

The firm’s 50-day moving average price is $258.78 and its 200-day moving average price is $177.09. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $93.40 billion, a PE ratio of -6,566.29 and a beta of 3.73.

Bloom Energy (NYSE:BE) last posted 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. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The business’s revenue 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. On average, equities analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

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.