Bloom Energy (NYSE:BE) Price Target Raised to $110.00

Bloom Energy (NYSE:BE) had its target price lifted by stock analysts at Mizuho from $89.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential downside of 23.33% from the stock’s current price.

Other analysts have also issued research reports about the stock. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a research note on Tuesday, January 27th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $92.00 price objective on shares of Bloom Energy in a research report on Monday, January 26th. China Renaissance started coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price on the stock. BTIG Research lifted their target price on Bloom Energy to $165.00 and gave the company a “buy” rating in a research note on Friday. Finally, HSBC upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $128.29.

Bloom Energy Stock Up 5.0%

Shares of Bloom Energy stock opened at $143.48 on Monday. The business has a 50-day moving average price of $118.48 and a 200 day moving average price of $93.33. Bloom Energy has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The firm has a market cap of $33.93 billion, a P/E ratio of -377.58, a P/E/G ratio of 11.56 and a beta of 3.07. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98.

Bloom Energy (NYSE:BE) last released its earnings results 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 positive return on equity of 8.38% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the business posted $0.43 EPS. Bloom Energy’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, sell-side analysts forecast that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The stock was 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 $7,783,632.40. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Satish Chitoori sold 431 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This trade represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,639 shares of company stock valued at $1,496,660 in the last quarter. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently bought and sold shares of BE. Boundless Plain Holdings Ltd acquired a new stake in Bloom Energy during the fourth quarter valued at approximately $5,576,000. Legato Capital Management LLC boosted its stake in shares of Bloom Energy by 30.7% during the 4th quarter. Legato Capital Management LLC now owns 32,762 shares of the company’s stock worth $2,847,000 after acquiring an additional 7,703 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Bloom Energy in the 4th quarter worth $130,000. Global Retirement Partners LLC raised its position in shares of Bloom Energy by 36.1% during the fourth quarter. Global Retirement Partners LLC now owns 14,537 shares of the company’s stock worth $1,263,000 after purchasing an additional 3,856 shares during the period. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Bloom Energy during the fourth quarter worth $243,000. 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.