Bloom Energy (NYSE:BE) Trading Up 8.4% After Analyst Upgrade

Shares of Bloom Energy Corporation (NYSE:BE) traded up 8.4% on Monday after Mizuho raised their price target on the stock to $110.00. Mizuho currently has a neutral rating on the stock. Bloom Energy traded as high as $157.00 and last traded at $155.06. 11,319,695 shares changed hands during trading, a decline of 14% from the average session volume of 13,131,415 shares. The stock had previously closed at $143.03.

BE has been the subject of a number of other reports. Bank of America raised their price target on Bloom Energy from $26.00 to $39.00 and gave the company an “underperform” rating in a research note on Tuesday, November 25th. BMO Capital Markets raised their target price on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. TD Cowen increased their price target on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday. Finally, Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average price target of $128.29.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 4,543 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the transaction, the insider directly owned 219,818 shares of the company’s stock, valued at $23,988,738.34. This represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 2,733 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $108.26, for a total transaction of $295,874.58. Following the sale, the insider owned 223,216 shares of the company’s stock, valued at $24,165,364.16. This trade represents a 1.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,639 shares of company stock worth $1,496,660 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its holdings in shares of Bloom Energy by 55.7% during the 4th quarter. Harbour Investments Inc. now owns 1,305 shares of the company’s stock worth $113,000 after acquiring an additional 467 shares during the period. Global Assets Advisory LLC acquired a new position in Bloom Energy during the fourth quarter valued at approximately $264,000. Allstate Corp bought a new stake in Bloom Energy during the fourth quarter worth $1,442,000. GeoSphere Capital Management LLC bought a new stake in Bloom Energy during the fourth quarter worth $3,997,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Bloom Energy by 0.9% in the 4th quarter. Clearstead Advisors LLC now owns 13,324 shares of the company’s stock valued at $1,158,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

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 company has a market cap of $36.67 billion, a price-to-earnings ratio of -408.05, a PEG ratio of 11.56 and a beta of 3.07. The business has a fifty day moving average price of $118.48 and a 200 day moving average price of $93.33.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating 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 8.38% and a negative net margin of 4.37%.Bloom Energy’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

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.