Bloom Energy (NYSE:BE) Trading 5.5% Higher – Still a Buy?

Bloom Energy Corporation (NYSE:BE) traded up 5.5% on Monday . The company traded as high as $280.50 and last traded at $274.4910. 9,122,578 shares were traded during mid-day trading, a decline of 18% from the average session volume of 11,087,292 shares. The stock had previously closed at $260.22.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays increased their price objective on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Mizuho set a $285.00 price objective on Bloom Energy in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. BTIG Research increased their price target on Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, TD Cowen increased their price target on Bloom Energy to $235.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Stock Up 5.5%

The company has a market cap of $78.08 billion, a P/E ratio of -5,488.72 and a beta of 3.74. The stock’s 50-day moving average price is $246.21 and its 200-day moving average price is $171.72. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, research analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the transaction, the insider owned 180,521 shares of the company’s stock, valued at approximately $24,529,193.48. This trade represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the transaction, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 247,262 shares of company stock worth $59,700,045 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of BE. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy during the 3rd quarter worth approximately $402,494,000. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy during the 4th quarter worth approximately $347,560,000. Trivest Advisors Ltd lifted its position in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after buying an additional 3,201,000 shares in the last quarter. Norges Bank bought a new position in shares of Bloom Energy during the 4th quarter worth approximately $239,683,000. Finally, Jennison Associates LLC lifted its position in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares in the last quarter. 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.