Bloom Energy (NYSE:BE) Shares Up 12.9% – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares traded up 12.9% on Tuesday . The stock traded as high as $135.64 and last traded at $134.9810. 11,421,441 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 11,634,619 shares. The stock had previously closed at $119.51.

Analyst Ratings Changes

A number of analysts recently weighed in on BE shares. Robert W. Baird set a $172.00 price objective on shares of Bloom Energy in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Barclays initiated coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective on the stock. Roth Mkm boosted their target price on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets raised their price target on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $131.65.

Bloom Energy Trading Up 2.0%

The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a 50-day simple moving average of $150.98 and a 200 day simple moving average of $120.89. The company has a market cap of $37.90 billion, a price-to-earnings ratio of -354.28, a PEG ratio of 5.53 and a beta of 3.11.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 7.88% and a negative net margin of 4.37%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 15,410 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $150.47, for a total transaction of $2,318,742.70. Following the completion of the transaction, the insider directly owned 195,732 shares in the company, valued at $29,451,794.04. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Satish Chitoori sold 18,964 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.45, for a total value of $2,928,989.80. Following the sale, the insider directly owned 232,365 shares in the company, valued at $35,888,774.25. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 370,092 shares of company stock worth $61,365,925. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BE. WPG Advisers LLC increased its holdings in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy in the fourth quarter worth about $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter worth about $32,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at about $32,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Company Profile

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.