Analysts Set Bloom Energy Corporation (NYSE:BE) Target Price at $217.48

Shares of Bloom Energy Corporation (NYSE:BE) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $217.4762.

Several equities analysts have recently commented on BE shares. UBS Group increased their target price on Bloom Energy to $251.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their price objective on shares of Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. TD Cowen boosted their target price on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Roth Mkm set a $225.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Wednesday, June 10th.

Bloom Energy Stock Up 5.5%

Shares of NYSE BE opened at $274.49 on Tuesday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy has a 1 year low of $20.93 and a 1 year high of $322.83. The stock’s 50-day simple moving average is $248.99 and its 200-day simple moving average is $172.99. The firm has a market cap of $78.08 billion, a price-to-earnings ratio of -5,488.72 and a beta of 3.74.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. Bloom Energy’s revenue for the quarter 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, equities analysts anticipate that Bloom Energy will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 2,746 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $259.42, for a total value of $712,367.32. Following the completion of the sale, the insider directly owned 135,107 shares of the company’s stock, valued at $35,049,457.94. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 234,188 shares of company stock valued at $57,693,971 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new position in shares of Bloom Energy in the third quarter valued at $1,825,000. Strs Ohio increased its holdings in shares of Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after buying an additional 8,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Bloom Energy in the third quarter valued at $1,985,000. Fortem Financial Group LLC bought a new position in shares of Bloom Energy in the fourth quarter valued at $369,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Bloom Energy in the third quarter valued at $1,691,000. 77.04% of the stock is 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.