Bloom Energy Corporation (NYSE:BE) Stock Has Consensus Target Price of $263.05 According to Analysts

Shares of Bloom Energy Corporation (NYSE:BE) have received a consensus rating of “Hold” from the twenty-six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $263.05.

Several analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $242.00 target price on shares of Bloom Energy in a research note on Friday, October 23rd. Sanford C. Bernstein lifted their price objective on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a report on Friday, October 23rd. Barclays upgraded Bloom Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $316.00 to $289.00 in a research note on Tuesday, November 3rd. Wells Fargo & Company upped their price objective on shares of Bloom Energy from $176.00 to $182.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Finally, UBS Group increased their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th.

Insider Buying and Selling

In related news, Director Barbara J. Burger sold 2,333 shares of Bloom Energy stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total value of $501,711.65. Following the completion of the transaction, the director directly owned 36,607 shares in the company, valued at approximately $7,872,335.35. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aman Joshi sold 8,437 shares of Bloom Energy stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares of the company’s stock, valued at $40,769,489.64. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 85,859 shares of company stock valued at $20,994,650. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently made changes to their positions in BE. Continuum Advisory LLC bought a new position in Bloom Energy during the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in Bloom Energy during the third quarter valued at $26,000. REAP Financial Group LLC bought a new stake in Bloom Energy in the third quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Markowski Investments bought a new stake in Bloom Energy in the second quarter worth $37,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Stock Up 0.1%

BE opened at $173.35 on Friday. Bloom Energy has a twelve month low of $75.70 and a twelve month high of $351.28. The company’s 50-day moving average price is $246.00 and its two-hundred day moving average price is $220.98. The stock has a market cap of $51.25 billion, a price-to-earnings ratio of 106.35, a PEG ratio of 1.75 and a beta of 3.63. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.25. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. Bloom Energy’s quarterly revenue was up 138.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. As a group, equities analysts expect that Bloom Energy will post 2.61 earnings per share for the current year.

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.