Bloom Energy (NYSE:BE) Trading Up 9% – What’s Next?

Bloom Energy Corporation (NYSE:BE)’s share price rose 9% during mid-day trading on Monday . The company traded as high as $296.39 and last traded at $284.43. Approximately 11,441,546 shares traded hands during trading, an increase of 1% from the average daily volume of 11,325,663 shares. The stock had previously closed at $261.03.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Mizuho set a $285.00 price objective on shares of Bloom Energy in a research note on Friday, May 1st. BTIG Research increased their price objective on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price objective on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Trading Up 9.0%

The business’s fifty day moving average is $179.59 and its 200-day moving average is $141.89. The firm has a market cap of $79.80 billion, a P/E ratio of -5,687.46 and a beta of 3.82. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the transaction, the director owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 515,092 shares of company stock worth $95,003,475 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new position in Bloom Energy during the 1st quarter worth approximately $27,000. Godsey & Gibb Inc. raised its holdings in Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Bloom Energy by 10,000.0% during the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 300 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings 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 purchasing an additional 100 shares during 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.