Bloom Energy Corporation (NYSE:BE) Receives Consensus Recommendation of “Hold” from Brokerages

Bloom Energy Corporation (NYSE:BE) has earned a consensus rating of “Hold” from the twenty-six brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $131.6522.

BE has been the topic of several research reports. Mizuho upped their price target on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. TD Cowen boosted their target price on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. UBS Group reissued a “buy” rating and set a $170.00 target price on shares of Bloom Energy in a report on Friday, February 6th. Finally, Wall Street Zen downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Bloom Energy Price Performance

Shares of BE stock opened at $119.48 on Thursday. The firm has a fifty day moving average of $151.66 and a two-hundred day moving average of $120.33. The firm has a market cap of $33.52 billion, a P/E ratio of -314.41, a P/E/G ratio of 5.44 and a beta of 3.11. Bloom Energy has a 1-year low of $15.15 and a 1-year high of $180.90. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts anticipate that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 15,410 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $150.47, for a total transaction of $2,318,742.70. Following the completion of the transaction, the insider directly owned 195,732 shares of the company’s stock, valued at approximately $29,451,794.04. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary S. Pinkus sold 1,250 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $165.80, for a total value of $207,250.00. Following the sale, the director owned 4,149 shares in the company, valued at $687,904.20. The trade was a 23.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 370,092 shares of company stock valued at $61,365,925 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd bought a new stake in Bloom Energy in the first quarter valued at $2,055,000. AQR Capital Management LLC bought a new position in shares of Bloom Energy during the first quarter worth about $1,820,000. NewEdge Advisors LLC increased its holdings in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. lifted its position in Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in Bloom Energy by 30.7% in the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after purchasing an additional 4,716 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

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.