Bloom Energy (NYSE:BE) Stock Price Up 1.5% on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) traded up 1.5% during mid-day trading on Wednesday after Sanford C. Bernstein upgraded the stock to a hold rating. The stock traded as high as $295.83 and last traded at $285.0910. 10,942,097 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 11,087,672 shares. The stock had previously closed at $280.88.

Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird increased their target price on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Barclays boosted their price target on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price target on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. BTIG Research raised their price objective on Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.14.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.63, for a total value of $820,286.46. Following the sale, the insider directly owned 132,265 shares in the company, valued at approximately $38,175,646.95. This represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the transaction, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 230,274 shares of company stock valued at $58,696,472 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

A number of large investors have recently bought and sold shares of BE. Bayforest Capital Ltd acquired a new position in Bloom Energy during the first quarter worth $2,055,000. AQR Capital Management LLC acquired a new stake in shares of Bloom Energy in the 1st quarter valued at $1,820,000. NewEdge Advisors LLC boosted its stake in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Bloom Energy by 30.7% in the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Down 0.2%

The firm has a market cap of $93.40 billion, a price-to-earnings ratio of -6,566.29 and a beta of 3.73. 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 $258.78 and its 200-day moving average is $177.09.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during 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%. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

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.