Bloom Energy Corporation (NYSE:BE) Given Average Recommendation of “Hold” by Brokerages

Shares of Bloom Energy Corporation (NYSE:BE) have earned a consensus recommendation of “Hold” from the twenty-six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $131.8696.

A number of equities analysts recently commented on the stock. Truist Financial set a $68.00 target price on shares of Bloom Energy in a research note on Friday, January 9th. Morgan Stanley upped their price objective on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. BMO Capital Markets increased their price objective on Bloom Energy to $149.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, BTIG Research upped their price target on Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 25,244 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the transaction, the insider owned 227,048 shares of the company’s stock, valued at approximately $40,398,650.64. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 268,788 shares of company stock worth $45,575,889. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy in the 4th quarter valued at $347,560,000. Trivest Advisors Ltd boosted its stake in Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Norges Bank purchased a new position in Bloom Energy during the 4th quarter worth $239,683,000. Finally, Amundi increased its stake in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after purchasing an additional 2,511,426 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $159.87 on Friday. The business has a 50-day simple moving average of $140.35 and a 200-day simple moving average of $108.05. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy has a one year low of $15.15 and a one year high of $180.90. The company has a market cap of $44.85 billion, a PE ratio of -420.71, a P/E/G ratio of 6.73 and a beta of 3.11.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities research analysts forecast that Bloom Energy will post -0.23 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.