Bloom Energy Corporation (BE) – What Are Brokerages Saying About This Stock?

Bloom Energy Corporation (NYSE:BE) has received an average recommendation of “Hold” from the twenty-six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $263.05.

BE has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Bloom Energy from $314.00 to $292.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. 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 research report on Monday, October 26th. BMO Capital Markets cut Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 3rd. Finally, KeyCorp restated a “sector weight” rating on shares of Bloom Energy in a report on Friday, October 23rd.

Key Headlines Impacting Bloom Energy

Investors following BE have been watching these headlines:

• Positive Sentiment: Strong third-quarter results from major customer CoreWeave eased fears about AI data-center spending and lifted sentiment across power suppliers, helping BE rally on Wednesday. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Bloom’s fuel cells have attracted AI hyperscalers, and reported large-scale orders and a record quarter underscore the potential for data-center power demand to expand its market. RBC also assigned the stock an “Outperform” rating. Bloom Energy Has Found an Unexpected Customer: AI
• Negative Sentiment: Investors remain concerned that any slowdown in AI infrastructure investment could curb electricity demand. Coverage also highlights cash-burn and valuation concerns, which may weigh on shares despite the growth opportunity. These Energy Stocks Can’t Escape Nvidia’s Wake

Bloom Energy Trading Down 3.6%

BE opened at $202.03 on Friday. The firm has a 50 day simple moving average of $244.91 and a 200 day simple moving average of $222.04. Bloom Energy has a fifty-two week low of $75.70 and a fifty-two week high of $351.28. The company has a market cap of $59.73 billion, a price-to-earnings ratio of 109.67, a price-to-earnings-growth ratio of 2.12 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The business’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. On average, sell-side analysts anticipate that Bloom Energy will post 2.61 earnings per share for the current year.

Insider Activity at Bloom Energy

In other news, insider Shawn Soderberg sold 2,870 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 126,500 shares of the company’s stock, valued at $34,163,855. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing 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, Director John T. Chambers sold 8,828 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the completion of the sale, the director directly owned 199,505 shares in the company, valued at approximately $40,585,302.15. This represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,234 shares of company stock valued at $14,941,626 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently modified their holdings of BE. Continuum Advisory LLC acquired a new position in shares of Bloom Energy during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in Bloom Energy during the third quarter worth $26,000. REAP Financial Group LLC bought a new stake in Bloom Energy during the third quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. lifted its stake 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 valued at $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Markowski Investments bought a new position in shares of Bloom Energy in the 2nd quarter valued at about $37,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

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.