Bloom Energy (NYSE:BE) Lowered to Neutral Rating by Mizuho

Key Points

• Mizuho downgraded Bloom Energy from an "outperform" rating to a "neutral" rating, setting a target price of $79.00, indicating a potential downside of 12.65% from the current price.
• Other analysts like Robert W. Baird and BTIG Research have mixed reviews, with price targets ranging from $45.00 to $80.00 and ratings varying from "buy" to "underperform."
• Bloom Energy reported a 19.5% increase in revenue year-over-year, with an EPS of $0.10, surpassing analysts' estimates significantly.

Bloom Energy (NYSE:BE - Get Free Report) was downgraded by equities researchers at Mizuho from an "outperform" rating to a "neutral" rating in a note issued to investors on Thursday,Finviz reports. They presently have a $79.00 target price on the stock. Mizuho's target price points to a potential downside of 12.65% from the company's current price.

A number of other research firms have also recently commented on BE. Robert W. Baird boosted their price target on Bloom Energy from $45.00 to $61.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. BTIG Research upped their target price on shares of Bloom Energy from $42.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. raised shares of Bloom Energy from a "neutral" rating to an "overweight" rating and raised their target price for the company from $18.00 to $33.00 in a research note on Wednesday, July 9th. Bank of America boosted their price target on shares of Bloom Energy from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Bloom Energy in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.82.

Bloom Energy Stock Up 6.9%

Shares of BE stock opened at $90.44 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21. Bloom Energy has a one year low of $9.02 and a one year high of $91.23. The company's fifty day moving average price is $54.31 and its 200-day moving average price is $32.32. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 2,261.64 and a beta of 3.47.

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

Insider Activity at Bloom Energy

In other Bloom Energy news, CEO Kr Sridhar sold 37,955 shares of Bloom Energy stock in a transaction on Friday, August 29th. The shares were sold at an average price of $53.39, for a total transaction of $2,026,417.45. Following the completion of the transaction, the chief executive officer directly owned 2,378,663 shares of the company's stock, valued at $126,996,817.57. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aman Joshi sold 4,870 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $43.36, for a total transaction of $211,163.20. Following the completion of the sale, the insider directly owned 224,361 shares in the company, valued at approximately $9,728,292.96. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,205 shares of company stock worth $14,919,283 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently modified their holdings of BE. Geode Capital Management LLC lifted its stake in shares of Bloom Energy by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company's stock worth $113,790,000 after acquiring an additional 95,990 shares during the last quarter. Public Investment Fund boosted its stake in shares of Bloom Energy by 16.8% during the first quarter. Public Investment Fund now owns 3,803,770 shares of the company's stock valued at $74,782,000 after purchasing an additional 546,372 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Bloom Energy by 29.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,611,925 shares of the company's stock valued at $71,010,000 after purchasing an additional 821,814 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Bloom Energy by 50.3% in the first 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, Norges Bank purchased a new position in Bloom Energy in the 2nd quarter worth about $57,821,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

About Bloom Energy

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.

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