Bloom Energy (NYSE:BE) Trading 1.5% Higher – Here’s What Happened

Shares of Bloom Energy Corporation (NYSE:BE) were up 1.5% during trading on Wednesday . The stock traded as high as $295.83 and last traded at $285.0910. Approximately 10,942,097 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 11,087,672 shares. The stock had previously closed at $280.88.

Wall Street Analyst Weigh In

Several equities analysts have commented on BE shares. Sanford C. Bernstein started coverage on shares of Bloom Energy in a research report on Tuesday. They issued a “market perform” rating and a $276.00 price target for the company. Barclays raised their price objective on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Citigroup restated a “neutral” rating on shares of Bloom Energy in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.14.

Bloom Energy Price Performance

The stock’s fifty day moving average price is $251.91 and its two-hundred day moving average price is $174.26. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of -5,700.68 and a beta of 3.73. 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 announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same period last year, the business earned $0.03 EPS. The company’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. Equities research analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Activity

In related news, insider Aman Joshi sold 4,813 shares of Bloom Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the sale, the insider directly owned 175,708 shares in the company, valued at $50,639,045.60. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Bloom Energy stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the sale, the chief accounting officer owned 81,945 shares in the company, valued at $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 234,188 shares of company stock worth $57,693,971 over the last three months. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently bought and sold shares of BE. Bayforest Capital Ltd acquired a new stake in Bloom Energy during the 1st quarter worth $2,055,000. AQR Capital Management LLC acquired a new stake in Bloom Energy during the 1st quarter worth $1,820,000. NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

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.