Bloom Energy (NYSE:BE) Stock Price Up 8.4% on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares shot up 8.4% during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $157.00 and last traded at $155.06. 11,319,695 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 13,131,415 shares. The stock had previously closed at $143.03.

A number of other equities analysts also recently commented on BE. Roth Mkm raised their target price on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Barclays initiated coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective on the stock. Bank of America upped their target price on Bloom Energy from $26.00 to $39.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 25th. Truist Financial set a $68.00 target price on Bloom Energy in a research note on Friday, January 9th. Finally, TD Cowen boosted their price target on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $128.71.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 2,085 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $104.08, for a total transaction of $217,006.80. Following the completion of the sale, the insider owned 229,880 shares in the company, valued at approximately $23,925,910.40. This trade represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,639 shares of company stock valued at $1,496,660. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after acquiring an additional 1,240,819 shares during the period. Geode Capital Management LLC boosted its position in Bloom Energy by 5.4% during the 4th 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 Bloom Energy during the 3rd quarter worth $402,494,000. Trivest Advisors Ltd lifted its stake in Bloom Energy by 1,461.6% in the third 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 last quarter. Finally, Norges Bank acquired a new position in shares of Bloom Energy during the fourth quarter valued at $239,683,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 4.1%

The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98. The firm’s 50-day moving average price is $120.47 and its 200 day moving average price is $95.00. The firm has a market cap of $35.20 billion, a P/E ratio of -391.63, a price-to-earnings-growth ratio of 12.54 and a beta of 3.07.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 8.38%. The firm had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the business posted $0.43 EPS. Bloom Energy’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share 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.