Bloom Energy (NYSE:BE) Shares Up 7.7% – Should You Buy?

Bloom Energy Corporation (NYSE:BE) was up 7.7% during mid-day trading on Wednesday . The company traded as high as $165.00 and last traded at $164.87. Approximately 9,784,525 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 12,091,379 shares. The stock had previously closed at $153.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BE shares. BTIG Research lifted their price target on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Morgan Stanley lifted their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Mizuho upped their target price on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Citigroup initiated coverage on Bloom Energy in a research note on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 price target for the company. Finally, Barclays assumed coverage on Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Trading Up 7.7%

The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The firm has a 50 day moving average price of $137.52 and a 200 day moving average price of $107.28. The stock has a market capitalization of $46.25 billion, a PE ratio of -433.87, a P/E/G ratio of 6.78 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 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

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

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after buying an additional 1,240,819 shares during the period. Geode Capital Management LLC raised its stake in Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after acquiring an additional 269,662 shares during the period. Graticule Asia Macro Advisors LLC purchased a new stake in Bloom Energy during the third quarter valued at about $402,494,000. Brooklands Fund Management Ltd bought a new position in Bloom Energy during the fourth quarter worth about $347,560,000. Finally, Trivest Advisors Ltd increased its stake in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. 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.