Mizuho Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Bloom Energy (NYSE:BE) had its price target upped by Mizuho to $110.00 in a note issued to investors on Monday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential downside of 26.09% from the company’s current price.

A number of other research analysts also recently weighed in on BE. Jefferies Financial Group reiterated an “underperform” rating and set a $92.00 price target on shares of Bloom Energy in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Morgan Stanley upped their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday. BTIG Research raised their price target on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Susquehanna boosted their price objective on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $128.71.

Bloom Energy Stock Performance

Bloom Energy stock opened at $148.82 on Monday. Bloom Energy has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The firm’s 50 day simple moving average is $120.47 and its 200-day simple moving average is $95.00. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. The company 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 quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping 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 quarter last year, the business posted $0.43 EPS. The company’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, equities research analysts predict that Bloom Energy will post -0.23 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 431 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy 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 sale, the insider directly owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,639 shares of company stock valued at $1,496,660. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC boosted its position in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Orion Capital Management LLC raised its position in shares of Bloom Energy by 0.7% in the fourth quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after purchasing an additional 83 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Bloom Energy by 1.5% in the fourth quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after buying an additional 87 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after buying an additional 88 shares during the period. Finally, Reliant Investment Management LLC raised its holdings in Bloom Energy by 3.6% in the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock worth $222,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds 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.