Bloom Energy Corporation (NYSE:BE) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Bloom Energy Corporation has received a consensus recommendation of "Hold" from analysts, with ratings including four sell, six hold, nine buy, and two strong buy ratings.
• The average target price for Bloom Energy's stock among brokerages is $38.29, with recent upgrades by some analysts increasing their price targets significantly.
• The company reported an EPS of $0.10 for its last quarter, surpassing analyst expectations, and has a year-over-year revenue increase of 19.5% despite a projected EPS of -0.23 for the current year.

Shares of Bloom Energy Corporation (NYSE:BE - Get Free Report) have been given an average rating of "Hold" by the twenty-one research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.2895.

A number of analysts have commented on the stock. Susquehanna upped their target price on shares of Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a report on Monday, July 21st. Robert W. Baird upped their target price on shares of Bloom Energy from $45.00 to $61.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Jefferies Financial Group cut shares of Bloom Energy from a "hold" rating to an "underperform" rating and upped their target price for the company from $24.00 to $31.00 in a report on Wednesday, September 24th. JPMorgan Chase & Co. upgraded shares of Bloom Energy from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $18.00 to $33.00 in a research report on Wednesday, July 9th. Finally, Morgan Stanley upped their price target on shares of Bloom Energy from $35.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st.

Bloom Energy Stock Up 6.9%

Shares of BE stock opened at $90.44 on Thursday. Bloom Energy has a 12 month low of $9.02 and a 12 month high of $91.23. The stock has a market cap of $21.16 billion, a P/E ratio of 2,261.64 and a beta of 3.47. The company has a current ratio of 4.99, a quick ratio of 3.21 and a debt-to-equity ratio of 2.18. The company has a 50 day simple moving average of $54.31 and a two-hundred day simple moving average of $32.32.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The business had revenue of $401.24 million during the quarter, compared to analysts' expectations of $382.23 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. On average, research analysts expect that Bloom Energy will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 2,474 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total value of $174,342.78. Following the completion of the transaction, the insider directly owned 106,374 shares in the company, valued at $7,496,175.78. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kr Sridhar sold 60,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the completion of the transaction, the chief executive officer owned 2,368,951 shares of the company's stock, valued at approximately $117,736,864.70. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 302,205 shares of company stock valued at $14,919,283. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently modified their holdings of BE. GAMMA Investing LLC boosted its position in shares of Bloom Energy by 2,149.6% during the first quarter. GAMMA Investing LLC now owns 60,513 shares of the company's stock worth $1,190,000 after acquiring an additional 57,823 shares during the last quarter. Parallel Advisors LLC raised its stake in Bloom Energy by 241.2% during the first quarter. Parallel Advisors LLC now owns 7,626 shares of the company's stock valued at $150,000 after purchasing an additional 5,391 shares in the last quarter. Rhumbline Advisers raised its stake in Bloom Energy by 2.8% during the first quarter. Rhumbline Advisers now owns 298,283 shares of the company's stock valued at $5,864,000 after purchasing an additional 8,212 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in Bloom Energy by 27.7% during the first quarter. Chesley Taft & Associates LLC now owns 12,956 shares of the company's stock valued at $255,000 after purchasing an additional 2,807 shares in the last quarter. Finally, MRA Advisory Group purchased a new stake in Bloom Energy during the first quarter valued at $374,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.