Bloom Energy (NYSE:BE) Trading Up 6.7% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) rose 6.7% on Monday . The stock traded as high as $166.28 and last traded at $166.07. Approximately 8,309,617 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 12,180,620 shares. The stock had previously closed at $155.67.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Roth Mkm upped their price target on Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $102.00 price objective on shares of Bloom Energy in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Bloom Energy presently has an average rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Trading Up 7.7%

The firm has a market capitalization of $46.25 billion, a price-to-earnings ratio of -433.87, a price-to-earnings-growth ratio of 6.78 and a beta of 3.11. The business’s fifty day moving average is $137.52 and its 200 day moving average is $107.28. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity at Bloom Energy

In other Bloom Energy news, CEO Kr Sridhar sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the sale, the chief executive officer directly owned 2,189,869 shares of the company’s stock, valued at $372,277,730. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 268,788 shares of company stock worth $45,575,889. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. acquired a new stake in Bloom Energy during the 2nd quarter worth approximately $108,000. Meridian Wealth Management LLC acquired a new position in shares of Bloom Energy during the third quarter worth $553,000. Creekmur Asset Management LLC bought a new stake in shares of Bloom Energy in the third quarter worth $1,825,000. Udine Wealth Management Inc. increased its holdings in Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after purchasing an additional 13,684 shares during the period. Finally, Straight Path Wealth Management bought a new position in Bloom Energy during the 3rd quarter worth $1,099,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

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.