Bloom Energy (NYSE:BE) Shares Up 2.6% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price shot up 2.6% during trading on Tuesday . The stock traded as high as $297.97 and last traded at $281.6020. 11,229,469 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 11,068,038 shares. The stock had previously closed at $274.50.

Analyst Ratings Changes

Several research firms recently commented on BE. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Robert W. Baird boosted their price objective on shares of Bloom Energy to $242.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. upped their target price on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Stock Performance

The firm has a market capitalization of $80.10 billion, a PE ratio of -5,630.91 and a beta of 3.74. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company’s fifty day moving average price is $248.99 and its two-hundred day moving average price is $172.99.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million for 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 firm posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the sale, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This represents a 9.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the sale, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 234,188 shares of company stock worth $57,693,971. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently bought and sold shares of BE. Bayforest Capital Ltd acquired a new stake in Bloom Energy during the 1st quarter worth approximately $2,055,000. AQR Capital Management LLC acquired a new stake in Bloom Energy during the 1st quarter worth approximately $1,820,000. NewEdge Advisors LLC increased its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares in the last quarter. Institutional investors and hedge funds 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.