Bloom Energy (NYSE:BE) Trading 5.5% Higher – Still a Buy?

Bloom Energy Corporation (NYSE:BE)’s stock price was up 5.5% during trading on Monday . The company traded as high as $280.50 and last traded at $274.4910. Approximately 9,122,578 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 11,087,292 shares. The stock had previously closed at $260.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BE shares. UBS Group lifted their price target on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Susquehanna lifted their price target on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a report on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $217.48.

Bloom Energy Price Performance

The firm has a market capitalization of $78.08 billion, a PE ratio of -5,488.72 and a beta of 3.74. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The business’s 50 day moving average is $246.21 and its two-hundred day moving average is $171.72.

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

Insiders Place Their Bets

In other news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the transaction, the director directly owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the transaction, the insider owned 180,521 shares of the company’s stock, valued at $24,529,193.48. This trade represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 247,262 shares of company stock worth $59,700,045 in the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rathbones Group PLC purchased a new position in shares of Bloom Energy during the 1st quarter valued at $231,000. DV Trading LLC grew its position in shares of Bloom Energy by 717.8% during the 1st quarter. DV Trading LLC now owns 1,701 shares of the company’s stock valued at $230,000 after purchasing an additional 1,493 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Bloom Energy by 30.3% during the 1st quarter. Parallel Advisors LLC now owns 5,523 shares of the company’s stock valued at $748,000 after purchasing an additional 1,284 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Bloom Energy by 17.1% during the 1st quarter. NewEdge Advisors LLC now owns 31,396 shares of the company’s stock valued at $4,254,000 after purchasing an additional 4,580 shares in the last quarter. Finally, Concorde Asset Management LLC grew its position in shares of Bloom Energy by 6.0% during the 1st quarter. Concorde Asset Management LLC now owns 3,217 shares of the company’s stock valued at $436,000 after purchasing an additional 183 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

About Bloom Energy

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.