Bloom Energy (NYSE:BE) Given New $97.00 Price Target at Jefferies Financial Group

Bloom Energy (NYSE:BEGet Free Report) had its price objective reduced by equities research analysts at Jefferies Financial Group from $102.00 to $97.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 26.63% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Robert W. Baird set a $172.00 price target on Bloom Energy in a research report on Tuesday, January 27th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group reaffirmed a “buy” rating and set a $170.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Finally, China Renaissance initiated coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $131.65.

Check Out Our Latest Report on Bloom Energy

Bloom Energy Stock Down 1.0%

BE stock traded down $1.31 during trading hours on Friday, reaching $132.21. 5,511,900 shares of the stock were exchanged, compared to its average volume of 11,558,298. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company has a market cap of $37.09 billion, a price-to-earnings ratio of -348.40, a PEG ratio of 6.13 and a beta of 3.11. Bloom Energy has a 12 month low of $15.15 and a 12 month high of $180.90. The firm’s 50-day moving average is $152.57 and its 200-day moving average is $118.56.

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

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 15,410 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $150.47, for a total value of $2,318,742.70. Following the completion of the sale, the insider directly owned 195,732 shares in the company, valued at approximately $29,451,794.04. This trade represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,092 shares of company stock valued at $61,365,925 over the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BE. Hantz Financial Services Inc. raised its stake in 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 acquiring an additional 100 shares during the period. WPG Advisers LLC increased its stake in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $28,000. Fifth Third Bancorp purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $32,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

Here are the key news stories impacting Bloom Energy this week:

About Bloom Energy

(Get Free Report)

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.

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