Bloom Energy (NYSE:BE) Shares Up 6.7% – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares shot up 6.7% during mid-day trading on Monday . The company traded as high as $166.28 and last traded at $166.07. 8,309,617 shares changed hands during trading, a decline of 32% from the average session volume of 12,180,620 shares. The stock had previously closed at $155.67.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BE. TD Cowen lifted their price target on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets raised their target price on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Barclays started coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target for the company. Roth Mkm raised their price objective on Bloom Energy to $133.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Truist Financial set a $68.00 price objective on Bloom Energy in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Stock Up 6.7%

The firm has a fifty day simple moving average of $134.81 and a 200-day simple moving average of $105.67. The company has a market capitalization of $46.59 billion, a PE ratio of -437.03, a P/E/G ratio of 6.35 and a beta of 3.07. 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 (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 1,521 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total value of $211,981.77. Following the sale, the insider owned 230,017 shares in the company, valued at approximately $32,057,469.29. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total value of $1,756,000.00. Following the completion of the transaction, the insider owned 210,465 shares of the company’s stock, valued at $36,957,654. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 268,788 shares of company stock worth $45,575,889. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC increased its stake in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy in the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the third quarter worth about $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy during the third quarter worth 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.