Bloom Energy (NYSE:BE) Shares Climb 13.2% – Should You Buy?

Bloom Energy Corporation (NYSE:BE)’s share price was up 13.2% during mid-day trading on Wednesday. The company traded as high as $217.85 and last traded at $209.9270. Approximately 18,179,431 shares traded hands during trading, an increase of 35% from the average daily volume of 13,482,429 shares. The stock had previously closed at $185.42.

Recent Bloom Energy Headlines

These are some of the BE headlines that stood out recently:

• Positive Sentiment: A Seeking Alpha article upgraded its view, arguing Bloom’s outlook has improved. The investment case is supported by demand for fast-deploying on-site power: Bloom’s fuel cells can serve data centers without waiting for grid connections. Bloom Energy: The Story Has Gotten Much Better
• Positive Sentiment: CoreWeave’s strong results eased concerns about AI infrastructure spending and helped lift sentiment toward power suppliers, including Bloom. Bloom’s most recent reported quarter also showed a substantial earnings and revenue beat, with revenue up 138% year over year. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Negative Sentiment: Commentary is highlighting a valuation test after Bloom’s profit surge. With expectations high, investors may be taking a harder look at whether growth can justify the share price; another report also flags cash burn alongside the company’s large AI-related orders. Bloom Energy stock faces valuation test after profit surge

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Monday, October 19th. Roth Capital set a $230.00 target price on shares of Bloom Energy in a report on Friday, October 23rd. Morgan Stanley upped their target price on shares of Bloom Energy from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $242.00 price target on shares of Bloom Energy in a research note on Friday, October 23rd. Finally, TD Cowen upgraded shares of Bloom Energy to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $263.05.

Bloom Energy Price Performance

The firm has a 50 day moving average price of $244.91 and a two-hundred day moving average price of $222.04. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. The company has a market cap of $56.51 billion, a P/E ratio of 116.71, a P/E/G ratio of 2.12 and a beta of 3.63.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. Bloom Energy’s revenue was up 138.1% compared to the same quarter last year. During the same period last year, the business earned $0.15 earnings per share. On average, analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Soderberg sold 2,870 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares of the company’s stock, valued at approximately $34,163,855. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares of the company’s stock, valued at $40,769,489.64. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,234 shares of company stock valued at $14,941,626 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Bloom Energy by 96.4% in the 3rd quarter. State Street Corp now owns 12,400,964 shares of the company’s stock worth $3,434,819,000 after buying an additional 6,085,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock worth $401,849,000 after buying an additional 583,135 shares during the period. Jennison Associates LLC lifted its position in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Bloom Energy by 6.1% in the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after buying an additional 126,649 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bloom Energy in the second quarter valued at about $296,413,000. Institutional investors own 77.04% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.