Bloom Energy (NYSE:BE) Price Target Raised to $105.00

Bloom Energy (NYSE:BE) had its price objective upped by Susquehanna from $43.00 to $105.00 in a research report report published on Monday morning, Marketbeat reports. Susquehanna currently has a positive rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Bloom Energy from $38.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, September 12th. Morgan Stanley lifted their price target on shares of Bloom Energy from $35.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Bloom Energy from $40.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Evercore ISI initiated coverage on shares of Bloom Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $100.00 price target on the stock. Finally, Jefferies Financial Group lowered shares of Bloom Energy from a “hold” rating to an “underperform” rating and lifted their price target for the company from $24.00 to $31.00 in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $61.70.

Bloom Energy Trading Up 2.4%

BE opened at $116.75 on Monday. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 2,919.43, a price-to-earnings-growth ratio of 180.92 and a beta of 3.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21. The company’s 50 day simple moving average is $66.15 and its two-hundred day simple moving average is $37.30. Bloom Energy has a 1-year low of $9.02 and a 1-year high of $125.75.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $401.24 million for the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. Analysts expect that Bloom Energy will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 2,474 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total value of $174,342.78. Following the completion of the transaction, the insider owned 106,374 shares in the company, valued at $7,496,175.78. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $45.00, for a total transaction of $900,000.00. Following the completion of the transaction, the insider owned 234,493 shares of the company’s stock, valued at approximately $10,552,185. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,193 shares of company stock valued at $14,893,710. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently modified their holdings of BE. Banque Transatlantique SA grew its stake in shares of Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after acquiring an additional 1,161 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Bloom Energy by 2,160.0% in the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after acquiring an additional 1,512 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Bloom Energy in the second quarter worth $36,000. NewEdge Advisors LLC lifted its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Vision Financial Markets LLC purchased a new stake in shares of Bloom Energy during the 1st quarter worth $39,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.