Bloom Energy (NYSE:BE) Trading 8.9% Higher – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s share price was up 8.9% during trading on Monday . The company traded as high as $305.41 and last traded at $295.06. Approximately 8,922,288 shares were traded during trading, a decline of 23% from the average daily volume of 11,653,406 shares. The stock had previously closed at $270.89.

Analysts Set New Price Targets

Several research firms recently weighed in on BE. Evercore reiterated an “outperform” rating and issued a $350.00 price target on shares of Bloom Energy in a report on Wednesday, July 1st. Mizuho set a $285.00 target price on shares of Bloom Energy in a research report on Friday, May 1st. Robert W. Baird lifted their target price on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Sanford C. Bernstein assumed coverage on shares of Bloom Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $276.00 target price on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $238.82.

Bloom Energy Stock Up 8.9%

The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The stock’s 50-day moving average price is $281.32 and its two-hundred day moving average price is $192.11. The stock has a market capitalization of $83.93 billion, a PE ratio of -5,900.02 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) 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 company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period last year, the company posted $0.03 EPS. Bloom Energy’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts expect that Bloom Energy Corporation will post 1.34 EPS for the current fiscal year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. The trade was a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary K. Bush sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the transaction, the director owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 228,617 shares of company stock worth $59,843,659 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio grew its holdings in Bloom Energy by 24.8% during the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after purchasing an additional 8,200 shares during the period. Fortem Financial Group LLC bought a new position in shares of Bloom Energy in the fourth quarter worth about $369,000. Norges Bank purchased a new position in shares of Bloom Energy during the 4th quarter valued at about $239,683,000. Cidel Asset Management Inc. purchased a new position in shares of Bloom Energy during the 1st quarter valued at about $445,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Bloom Energy during the 4th quarter valued at approximately $7,574,000. 77.04% of the stock is owned by 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.