Bloom Energy (NYSE:BE) Shares Up 2.1% – Time to Buy?

Bloom Energy Corporation (NYSE:BE)’s stock price shot up 2.1% on Monday . The stock traded as high as $197.50 and last traded at $188.8260. Approximately 15,554,147 shares were traded during mid-day trading, an increase of 31% from the average session volume of 11,855,742 shares. The stock had previously closed at $184.89.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BE. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Susquehanna lifted their target price on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $254.00.

Bloom Energy Price Performance

The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a market cap of $53.71 billion, a PE ratio of -3,775.76 and a beta of 3.73. The firm’s fifty day simple moving average is $270.58 and its two-hundred day simple moving average is $207.33.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue was up 130.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, research analysts expect that Bloom Energy Corporation will post 1.43 EPS for the current year.

Insider Buying and Selling

In related news, CAO Maciej Kurzymski sold 6,229 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the sale, the insider owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 153,617 shares of company stock worth $44,003,909 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BE. Geode Capital Management LLC grew its holdings in Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy in the fourth quarter worth $347,560,000. Amundi lifted its holdings in shares of Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after buying an additional 2,511,426 shares in the last quarter. Norges Bank bought a new position in shares of Bloom Energy during the fourth quarter worth $239,683,000. Finally, Jennison Associates LLC grew its stake in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

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.