Bloom Energy (NYSE:BE) Stock Price Up 7.9% – Should You Buy?

Shares of Bloom Energy Corporation (NYSE:BE) were up 7.9% during trading on Thursday . The company traded as high as $143.10 and last traded at $143.9910. Approximately 5,418,568 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 13,124,610 shares. The stock had previously closed at $133.46.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BE shares. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. UBS Group raised their price objective on Bloom Energy to $115.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Bank of America boosted their target price on Bloom Energy from $26.00 to $39.00 and gave the stock an “underperform” rating in a report on Tuesday, November 25th. Susquehanna raised their price target on Bloom Energy to $157.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Finally, Wedbush set a $39.00 price objective on shares of Bloom Energy in a research report on Tuesday, November 25th. One 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.00.

Bloom Energy Trading Up 5.4%

The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. The stock has a market capitalization of $33.27 billion, a price-to-earnings ratio of 760.39, a price-to-earnings-growth ratio of 11.77 and a beta of 3.01. The business has a fifty day simple moving average of $105.31 and a 200 day simple moving average of $78.02.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The business had revenue of $519.05 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the company posted ($0.01) earnings per share. Bloom Energy’s revenue was up 57.1% compared to the same quarter last year. As a group, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Jim H. Snabe sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total value of $2,860,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 431 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider owned 229,449 shares in the company, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,410 shares of company stock valued at $16,557,185 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Graticule Asia Macro Advisors LLC acquired a new position in Bloom Energy during the third quarter valued at approximately $402,494,000. Trivest Advisors Ltd raised its holdings in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after buying an additional 3,201,000 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the second quarter valued at about $57,821,000. Westfield Capital Management Co. LP bought a new position in Bloom Energy in the third quarter valued at about $141,679,000. Finally, Man Group plc raised its stake in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares in the last quarter. 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.