Bloom Energy (NYSE:BE) Trading Up 11.7% – Still a Buy?

Bloom Energy Corporation (NYSE:BE)’s stock price rose 11.7% during mid-day trading on Monday . The stock traded as high as $153.75 and last traded at $151.0080. Approximately 12,886,665 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 12,096,862 shares. The stock had previously closed at $135.19.

Wall Street Analysts Forecast Growth

BE has been the topic of several research reports. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a report on Tuesday, January 27th. BMO Capital Markets lifted their price objective on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. China Renaissance assumed coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price for the company. Finally, BTIG Research boosted their target price on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and a consensus target price of $131.87.

Bloom Energy Price Performance

The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a 50-day moving average price of $141.26 and a 200 day moving average price of $109.58. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of -397.39, a PEG ratio of 5.52 and a beta of 3.11.

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

Insider Activity

In other news, insider Satish Chitoori sold 1,521 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77. Following the transaction, the insider owned 230,017 shares in the company, valued at $32,057,469.29. This trade represents a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer directly owned 2,189,869 shares in the company, valued at $372,277,730. This represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 268,788 shares of company stock worth $45,575,889. Insiders own 3.50% of the company’s stock.

Institutional Trading of Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. WPG Advisers LLC lifted its stake in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Bloom Energy during the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $32,000. Finally, Fifth Third Bancorp acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $32,000. Hedge funds and other 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.