Bloom Energy (NYSE:BE) Shares Up 12.9% – Here’s What Happened

Shares of Bloom Energy Corporation (NYSE:BE) were up 12.9% on Tuesday . The stock traded as high as $135.64 and last traded at $134.9810. Approximately 11,421,441 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 11,634,619 shares. The stock had previously closed at $119.51.

Analyst Ratings Changes

A number of research analysts have commented on BE shares. UBS Group reiterated a “buy” rating and issued a $170.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Morgan Stanley upped their price target on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Truist Financial set a $68.00 price objective on Bloom Energy in a research report on Friday, January 9th. Finally, BTIG Research boosted their price objective on Bloom Energy to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.65.

Bloom Energy Stock Up 12.9%

The business’s fifty day simple moving average is $151.66 and its 200 day simple moving average is $120.33. The stock has a market cap of $37.87 billion, a price-to-earnings ratio of -355.21, a price-to-earnings-growth ratio of 5.44 and a beta of 3.11. 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 posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (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 analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the transaction, the insider owned 84,294 shares of the company’s stock, valued at approximately $12,800,043.90. This represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,092 shares of company stock worth $61,365,925 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Bloom Energy

A number of large investors have recently made changes to their positions in BE. Hantz Financial Services Inc. lifted its stake in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. WPG Advisers LLC boosted its holdings in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy during the fourth quarter worth $28,000. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Bloom Energy in the 3rd quarter valued at $32,000. Institutional investors own 77.04% of the company’s stock.

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.