Bloom Energy (NYSE:BE) Trading 1.6% Higher – Still a Buy?

Bloom Energy Corporation (NYSE:BE)’s stock price shot up 1.6% during mid-day trading on Tuesday . The company traded as high as $159.65 and last traded at $153.7850. 10,739,070 shares traded hands during trading, a decline of 11% from the average session volume of 12,085,886 shares. The stock had previously closed at $151.32.

Analysts Set New Price Targets

A number of research firms have weighed in on BE. Bank of America set a $39.00 price target on Bloom Energy in a research report on Tuesday, November 25th. Barclays assumed coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective on the stock. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a report on Tuesday, January 27th. Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research report on Tuesday, January 20th. Finally, Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $131.87.

Bloom Energy Trading Up 1.6%

The firm has a fifty day moving average price of $142.51 and a 200 day moving average price of $110.33. The company has a market cap of $43.14 billion, a price-to-earnings ratio of -404.70, a P/E/G ratio of 5.52 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the business earned $0.43 EPS. Bloom Energy’s revenue for the quarter 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. As a group, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Satish Chitoori sold 1,521 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total transaction of $211,981.77. Following the completion of the transaction, the insider owned 230,017 shares in the company, valued at approximately $32,057,469.29. This represents a 0.66% 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 have sold 268,788 shares of company stock worth $45,575,889. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC lifted its position in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy in the fourth quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Bloom Energy during the third quarter worth approximately $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. 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.