Bloom Energy (NYSE:BE) Stock Price Up 1.5% – What’s Next?

Bloom Energy Corporation (NYSE:BE)’s share price traded up 1.5% during trading on Thursday . The company traded as high as $295.69 and last traded at $291.6980. 6,595,152 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 11,077,711 shares. The stock had previously closed at $287.32.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Bloom Energy to $267.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. BTIG Research lifted their target price on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup restated a “neutral” rating on shares of Bloom Energy in a report on Thursday, May 28th. Finally, Royal Bank Of Canada upped their price target on shares of Bloom Energy to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Two 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.48.

Bloom Energy Trading Up 1.5%

The company has a market cap of $82.97 billion, a price-to-earnings ratio of -5,832.79 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm’s 50-day moving average price is $228.90 and its 200 day moving average price is $163.94.

Bloom Energy (NYSE:BE) last released its earnings results 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 company had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Activity

In other news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary K. Bush sold 25,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the transaction, the director directly owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 323,777 shares of company stock valued at $71,485,514. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd acquired a new position in shares of Bloom Energy during the fourth quarter worth approximately $347,560,000. Trivest Advisors Ltd lifted its holdings in shares of 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 in the last quarter. Norges Bank bought a new position in shares of Bloom Energy in the 4th quarter worth $239,683,000. Finally, Jennison Associates LLC grew its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after purchasing an additional 2,673,710 shares during the period. 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.