Bloom Energy’s (BE) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Bloom Energy (NYSE:BE) in a report issued on Monday,Benzinga reports. They currently have a $335.00 price target on the stock.

Several other research analysts also recently weighed in on BE. Sanford C. Bernstein increased their price target on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research note on Friday, October 23rd. Mizuho increased their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Barclays upgraded shares of Bloom Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $316.00 to $289.00 in a research report on Tuesday, November 3rd. Citigroup lifted their target price on shares of Bloom Energy from $281.00 to $284.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, Robert W. Baird boosted their price target on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and a consensus target price of $263.05.

Bloom Energy Price Performance

Bloom Energy stock opened at $209.93 on Monday. The business’s 50 day simple moving average is $245.20 and its 200 day simple moving average is $221.73. Bloom Energy has a 12 month low of $75.70 and a 12 month high of $351.28. The company has a market cap of $62.07 billion, a price-to-earnings ratio of 97.08, a PEG ratio of 1.87 and a beta of 3.63. The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Sell-side analysts forecast that Bloom Energy will post 2.61 EPS for the current year.

Insider Buying and Selling

In related news, Director John T. Chambers sold 8,828 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the sale, the director owned 199,505 shares of the company’s stock, valued at approximately $40,585,302.15. This represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 70,859 shares of company stock valued at $17,244,650 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Montanova Capital LLC bought a new position in Bloom Energy in the 2nd quarter valued at $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock worth $401,849,000 after purchasing an additional 583,135 shares during the period. Militia Capital Management LLC bought a new position in shares of Bloom Energy in the first quarter worth $813,000. Assenagon Asset Management S.A. increased its holdings in shares of Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after purchasing an additional 233,020 shares during the period. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Bloom Energy in the first quarter worth $8,468,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy News Roundup

Here’s some of the latest news about BE:

• Positive Sentiment: Bloom Energy joined a rally in power stocks after CoreWeave’s strong earnings renewed enthusiasm for AI infrastructure and the companies supplying power to data centers. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Recent coverage also highlighted Bloom Energy’s AI data-center business and reported revenue growth, reinforcing the potential demand story behind its fuel-cell systems. Bloom Energy lands a major AI data center deal as revenue surges
• Negative Sentiment: Investors still face execution and valuation risks: one analysis questioned whether long-term cash generation can support the stock’s sharp multi-year appreciation, while other recent coverage cited negative free cash flow and a pullback in AI-related stocks. Can Bloom Energy justify its price on future cash flow?

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.