Bloom Energy (NYSE:BE) Stock Rating Upgraded by Wall Street Zen

Bloom Energy (NYSE:BE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also issued reports on BE. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Wednesday, October 29th. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. Evercore reissued an “outperform” rating and issued a $179.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group set a $102.00 target price on Bloom Energy in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $132.61.

Bloom Energy Stock Up 0.5%

Shares of Bloom Energy stock opened at $139.70 on Friday. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of -367.63, a P/E/G ratio of 5.75 and a beta of 3.07. The stock has a 50-day simple moving average of $122.35 and a 200-day simple moving average of $96.45. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88. Bloom Energy has a 52-week low of $15.15 and a 52-week high of $176.49.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 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 7.88%. The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company’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. On average, equities research analysts expect that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of the company’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 sale, the insider owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 431 shares of the business’s 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. The trade was a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,278 shares of company stock valued at $488,001 over the last quarter. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its holdings in Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. WPG Advisers LLC grew 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 buying an additional 67 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Bloom Energy during the fourth quarter worth about $28,000. Fifth Third Bancorp purchased a new position in Bloom Energy in the 3rd quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC bought a new position in Bloom Energy in the third quarter valued at $32,000. 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.