Bloom Energy (NYSE:BE) Trading 11.3% Higher – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares rose 11.3% during mid-day trading on Monday . The stock traded as high as $300.95 and last traded at $301.4520. 1,892,844 shares traded hands during trading, a decline of 84% from the average session volume of 11,586,615 shares. The stock had previously closed at $270.89.

Analyst Ratings Changes

BE has been the topic of a number of analyst reports. Sanford C. Bernstein assumed coverage on shares of Bloom Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a research report on Wednesday, June 10th. Robert W. Baird raised their price target on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Roth Mkm lifted their price target on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $238.82.

Bloom Energy Stock Performance

The company has a market cap of $84.18 billion, a P/E ratio of -5,906.60 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The company has a 50 day moving average price of $281.32 and a 200-day moving average price of $192.11.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data 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 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 quarter last year, the business earned $0.03 earnings per share. The business’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. Equities analysts expect that Bloom Energy Corporation will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the sale, the insider owned 163,807 shares in the company, valued at approximately $49,202,708.59. This represents a 4.85% 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. Also, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 228,617 shares of company stock valued at $59,843,659 over the last 90 days. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Bloom Energy

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

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.