Bloom Energy (NYSE:BE) Stock Price Up 2.7% – What’s Next?

Bloom Energy Corporation (NYSE:BE) was up 2.7% during trading on Friday. The company traded as high as $280.50 and last traded at $280.1620. Approximately 8,428,142 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 12,967,243 shares. The stock had previously closed at $272.82.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BE shares. BTIG Research reaffirmed a “buy” rating and issued a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Truist Financial lowered their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets dropped their price target on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 29th. Wells Fargo & Company reduced their price objective on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Susquehanna increased their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Bloom Energy Stock Up 2.7%

The firm has a market cap of $82.52 billion, a price-to-earnings ratio of 373.55, a PEG ratio of 3.75 and a beta of 3.77. The firm has a 50 day moving average of $245.97 and a 200 day moving average of $242.20. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The company’s revenue was up 165.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, sell-side analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares of the company’s stock, valued at approximately $34,163,855. This trade represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 over the last ninety days. 3.00% of the stock is owned by company insiders.

Institutional Trading of Bloom Energy

Several large investors have recently made changes to their positions in BE. Wedmont Private Capital bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $772,000. Cadent Capital Advisors LLC grew its position in Bloom Energy by 18.7% in the 3rd quarter. Cadent Capital Advisors LLC now owns 8,691 shares of the company’s stock valued at $2,407,000 after purchasing an additional 1,371 shares during the period. Dakota Community Bank & Trust NA increased its stake in Bloom Energy by 172.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 721 shares of the company’s stock valued at $200,000 after purchasing an additional 456 shares in the last quarter. GAMMA Investing LLC raised its holdings in Bloom Energy by 89.5% during the third quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $1,569,000 after buying an additional 2,675 shares during the last quarter. Finally, Grove Bank & Trust acquired a new position in shares of Bloom Energy during the third quarter valued at about $273,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

About Bloom Energy

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.