Bloom Energy (NYSE:BE) Shares Up 1% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s share price shot up 1% on Thursday . The company traded as high as $160.08 and last traded at $158.8540. 8,430,093 shares traded hands during trading, a decline of 33% from the average session volume of 12,549,720 shares. The stock had previously closed at $157.27.

Analyst Ratings Changes

BE has been the subject of several analyst reports. Roth Mkm upped their target price on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. TD Cowen increased their price objective on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Jefferies Financial Group set a $102.00 price objective on shares of Bloom Energy in a research note on Tuesday, February 10th. Susquehanna upped their target price on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy has an average rating of “Hold” and a consensus target price of $130.50.

Bloom Energy Stock Up 1.0%

The stock’s 50 day simple moving average is $124.74 and its 200 day simple moving average is $99.19. The stock has a market capitalization of $44.57 billion, a P/E ratio of -418.04, a P/E/G ratio of 6.01 and a beta of 3.07. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider directly owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the transaction, the insider directly owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This represents a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. bought a new stake in shares of Bloom Energy in the 2nd quarter worth approximately $108,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy in the third quarter worth $553,000. Mizuho Markets Americas LLC lifted its stake in Bloom Energy by 29.9% in the second quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after buying an additional 90,980 shares during the last quarter. Udine Wealth Management Inc. boosted its holdings in shares of Bloom Energy by 27.8% during the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares during the period. Finally, Straight Path Wealth Management bought a new position in shares of Bloom Energy during the third quarter worth about $1,099,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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.