Bloom Energy (NYSE:BE) Shares Up 1.5% – Here’s Why

Bloom Energy Corporation (NYSE:BE) was up 1.5% during mid-day trading on Thursday . The company traded as high as $295.69 and last traded at $291.6980. Approximately 6,595,152 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 11,077,711 shares. The stock had previously closed at $287.32.

Analyst Ratings Changes

Several research analysts have recently commented on BE shares. BTIG Research raised their target price on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Mizuho set a $285.00 price target on Bloom Energy in a research report on Friday, May 1st. Robert W. Baird lifted their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price for the company in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.48.

Bloom Energy Trading Up 1.5%

The firm’s 50-day simple moving average is $228.90 and its 200 day simple moving average is $163.94. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm has a market capitalization of $82.97 billion, a price-to-earnings ratio of -5,832.79 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the sale, the insider owned 341,731 shares in the company, valued at $95,342,949. This trade represents a 9.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the sale, the insider directly owned 212,365 shares in the company, valued at approximately $43,371,303.95. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 323,777 shares of company stock valued at $71,485,514. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. Creekmur Asset Management LLC bought a new position in shares of Bloom Energy during the third quarter valued at $1,825,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy in the third quarter valued at $553,000. Strs Ohio raised its position in Bloom Energy by 24.8% during the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after purchasing an additional 8,200 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Bloom Energy during the 3rd quarter worth $1,985,000. Finally, Fortem Financial Group LLC acquired a new position in Bloom Energy during the 4th quarter worth about $369,000. Institutional investors 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.