Bloom Energy (NYSE:BE) Shares Up 3.7% – Here’s Why

Bloom Energy Corporation (NYSE:BE) was up 3.7% on Tuesday . The stock traded as high as $145.45 and last traded at $144.91. Approximately 7,715,627 shares were traded during trading, a decline of 40% from the average daily volume of 12,759,425 shares. The stock had previously closed at $139.74.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $172.00 price target on Bloom Energy in a research note on Tuesday, January 27th. UBS Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on Bloom Energy to $166.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $130.50.

Bloom Energy Price Performance

The stock has a market cap of $40.65 billion, a P/E ratio of 1,074.92, a price-to-earnings-growth ratio of 5.78 and a beta of 3.07. The business has a 50-day simple moving average of $123.63 and a 200 day simple moving average of $98.78. 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 announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. Bloom Energy’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 431 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the sale, the insider owned 229,449 shares in the company, valued at $20,219,045.88. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Bloom Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after acquiring an additional 1,240,819 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after purchasing an additional 269,662 shares during the period. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy during the 3rd quarter worth about $402,494,000. Brooklands Fund Management Ltd acquired a new stake in shares of Bloom Energy in the 4th quarter valued at about $347,560,000. Finally, Trivest Advisors Ltd grew its stake 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 valued at $289,229,000 after buying an additional 3,201,000 shares during the period. Institutional investors own 77.04% of the company’s stock.

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.