Bloom Energy Corporation (NYSE:BE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bloom Energy Corporation (NYSE:BE) have been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $217.4762.

A number of equities analysts have recently issued reports on BE shares. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a research note on Tuesday, April 14th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. BTIG Research increased their price objective on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Susquehanna increased their price objective on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Mizuho set a $285.00 price objective on shares of Bloom Energy in a research note on Friday, May 1st.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 2,111 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $288.24, for a total value of $608,474.64. Following the sale, the insider owned 210,254 shares of the company’s stock, valued at approximately $60,603,612.96. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,746 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $259.42, for a total transaction of $712,367.32. Following the completion of the sale, the insider directly owned 135,107 shares in the company, valued at approximately $35,049,457.94. The trade was a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 323,777 shares of company stock worth $71,485,514 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

Several large investors have recently made changes to their positions in BE. Blue Trust Inc. grew its holdings in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new stake in Bloom Energy during the 1st quarter worth about $27,000. Godsey & Gibb Inc. grew its holdings in Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Bloom Energy by 10,000.0% during the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Price Performance

NYSE:BE opened at $253.74 on Tuesday. The stock has a market cap of $72.17 billion, a P/E ratio of -5,073.79 and a beta of 3.74. Bloom Energy has a one year low of $20.93 and a one year high of $322.83. The company has a fifty day moving average price of $236.53 and a 200 day moving average price of $167.38. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the company posted $0.03 EPS. The business’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Analysts anticipate that Bloom Energy will post 1.31 earnings per share for the current year.

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.