Bloom Energy (NYSE:BE) Stock Price Up 1.6% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares were up 1.6% during trading on Tuesday . The company traded as high as $159.65 and last traded at $153.7850. Approximately 10,739,070 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 12,085,886 shares. The stock had previously closed at $151.32.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Daiwa Securities Group set a $98.00 price objective on shares of Bloom Energy in a research report on Tuesday, December 2nd. Mizuho upped their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. BMO Capital Markets increased their target price on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Finally, Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $131.87.

Bloom Energy Trading Down 1.5%

The stock’s fifty day moving average price is $145.29 and its 200 day moving average price is $111.41. The stock has a market cap of $43.97 billion, a P/E ratio of -412.48, a PEG ratio of 6.29 and a beta of 3.11. 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 issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. During the same period last year, the business earned $0.43 EPS. Bloom Energy’s quarterly revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total value of $1,756,000.00. Following the sale, the insider directly owned 210,465 shares of the company’s stock, valued at approximately $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 1,521 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total value of $211,981.77. Following the completion of the sale, the insider directly owned 230,017 shares in the company, valued at approximately $32,057,469.29. This represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 268,788 shares of company stock valued at $45,575,889. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds have recently bought and sold shares of 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 purchased a new stake in Bloom Energy during the 4th quarter valued at $347,560,000. Trivest Advisors Ltd increased 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 purchased a new position in shares of Bloom Energy in the fourth quarter worth $239,683,000. Finally, Amundi lifted its holdings in shares of Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after purchasing an additional 2,511,426 shares in 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.