Bloom Energy (NYSE:BE) Trading Up 12.5% – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares were up 12.5% during trading on Wednesday . The company traded as high as $156.79 and last traded at $152.9190. Approximately 4,454,045 shares traded hands during trading, a decline of 60% from the average daily volume of 11,240,894 shares. The stock had previously closed at $135.91.

Wall Street Analyst Weigh In

A number of analysts have commented on BE shares. Wall Street Zen cut Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Roth Mkm lifted their price target on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group lowered their price target on Bloom Energy to $97.00 and set an “underperform” rating for the company in a research report on Friday, March 27th. TD Cowen lifted their price target on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Finally, Morgan Stanley lifted their price target on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and an average price target of $131.65.

Bloom Energy Trading Up 10.2%

The firm has a market cap of $42.03 billion, a price-to-earnings ratio of -394.93, a PEG ratio of 5.54 and a beta of 3.18. The company has a fifty day moving average price of $150.17 and a 200-day moving average price of $122.83. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last posted its earnings results 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 firm had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Activity

In other news, insider Satish Chitoori sold 18,964 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the completion of the transaction, the insider directly owned 232,365 shares of the company’s stock, valued at $35,888,774.25. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 29,807 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $153.78, for a total value of $4,583,720.46. Following the completion of the transaction, the insider directly owned 224,216 shares of the company’s stock, valued at $34,479,936.48. The trade was a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 380,092 shares of company stock valued at $62,724,725 in the last quarter. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Bloom Energy by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after purchasing an additional 1,240,819 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $461,272,000 after purchasing an additional 269,662 shares during the period. Graticule Asia Macro Advisors LLC acquired a new position in Bloom Energy in the 3rd quarter worth about $402,494,000. Brooklands Fund Management Ltd acquired a new position in Bloom Energy in the 4th quarter worth about $347,560,000. Finally, Trivest Advisors Ltd raised its holdings in Bloom Energy by 1,461.6% in the 3rd 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 during the period. 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.