Bloom Energy (NYSE:BE) Trading Up 3.7% – Here’s Why

Shares of Bloom Energy Corporation (NYSE:BE) rose 3.7% on Tuesday . The stock traded as high as $145.45 and last traded at $144.91. Approximately 7,715,627 shares were traded during trading, a decline of 40% from the average daily volume of 12,759,425 shares. The stock had previously closed at $139.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Mizuho raised their price target on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. China Renaissance assumed coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. BMO Capital Markets increased their price objective on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Finally, Roth Mkm raised their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $130.50.

Bloom Energy Trading Up 3.7%

The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 1,074.92, a price-to-earnings-growth ratio of 5.78 and a beta of 3.07. The business has a fifty day simple moving average of $123.63 and a 200 day simple moving average of $98.78.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. Bloom Energy’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Activity at Bloom Energy

In other news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Satish Chitoori sold 431 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the sale, the insider directly owned 229,449 shares in the company, valued at $20,219,045.88. This represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. WPG Advisers LLC grew its stake in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy during the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $32,000. Finally, Fifth Third Bancorp bought a new position in Bloom Energy in the third quarter valued at approximately $32,000. 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.