Bloom Energy (NYSE:BE) Stock Jumps 2.1% on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares traded up 2.1% during trading on Monday after Truist Financial raised their price target on the stock from $218.00 to $240.00. Truist Financial currently has a hold rating on the stock. Bloom Energy traded as high as $233.50 and last traded at $225.8640. Approximately 9,917,503 shares changed hands during trading, a decline of 24% from the average daily volume of 13,010,810 shares. The stock had previously closed at $221.31.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group upped their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Mizuho boosted their price objective on shares of Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets dropped their price target on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.05.

Insider Buying and Selling at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares of the company’s stock, valued at $40,769,489.64. The trade was a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at $48,078,965.13. The trade was a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 89,698 shares of company stock worth $21,780,758. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently made changes to their positions in BE. MJT & Associates Financial Advisory Group Inc. boosted its stake in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Compound Planning Inc. raised its stake in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Bloom Energy by 13.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after purchasing an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares in the last quarter. Finally, Truefg LLC lifted its holdings in Bloom Energy by 2.4% in the 3rd quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after purchasing an additional 48 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Stock Up 2.1%

The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $249.30 and a two-hundred day simple moving average of $246.99. The company has a market cap of $66.52 billion, a PE ratio of 301.15, a price-to-earnings-growth ratio of 2.86 and a beta of 3.77.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company’s revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.