Roth Capital Issues Positive Forecast for Bloom Energy (NYSE:BE) Stock Price

Key Points

• Bloom Energy's price target has been raised by Roth Capital from $34.00 to $73.00, indicating a potential downside of 12.57% from the stock's previous close according to analysts.
• The company's stock saw an increase of 3.1%, trading at $83.50, with significant trading volume exceeding its average.
• Bloom Energy's quarterly revenue increased by 19.5% year-over-year, surpassing analysts' expectations, and the company reported a 10 cent EPS, beating the consensus estimate.

Bloom Energy (NYSE:BE - Free Report) had its price objective boosted by Roth Capital from $34.00 to $73.00 in a research note issued to investors on Friday,Benzinga reports. Roth Capital currently has a neutral rating on the stock. Roth Capital also issued estimates for Bloom Energy's Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $0.08 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.45 EPS and FY2026 earnings at $0.49 EPS.

Other research analysts have also issued reports about the company. Wells Fargo & Company upped their price target on Bloom Energy from $38.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, September 12th. Susquehanna upped their target price on Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised shares of Bloom Energy from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $18.00 to $33.00 in a research report on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Bloom Energy from $35.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, UBS Group boosted their price objective on shares of Bloom Energy from $29.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.13.

Bloom Energy Trading Up 5.1%

Shares of NYSE:BE traded up $4.13 during mid-day trading on Friday, hitting $85.10. The stock had a trading volume of 16,573,178 shares, compared to its average volume of 11,213,314. The company's 50 day moving average is $45.97 and its 200-day moving average is $29.39. Bloom Energy has a 12-month low of $9.02 and a 12-month high of $85.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. The company has a market cap of $19.91 billion, a PE ratio of 2,128.03 and a beta of 3.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.08. The firm had revenue of $401.24 million for the quarter, compared to analysts' expectations of $382.23 million. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Bloom Energy will post -0.23 EPS for the current year.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 45,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $43.31, for a total value of $1,948,950.00. Following the transaction, the insider owned 229,682 shares of the company's stock, valued at approximately $9,947,527.42. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Aman Joshi sold 4,870 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $43.36, for a total value of $211,163.20. Following the transaction, the insider owned 224,361 shares of the company's stock, valued at $9,728,292.96. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 302,205 shares of company stock worth $14,919,283. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Bloom Energy

A number of hedge funds have recently modified their holdings of BE. State of Wyoming bought a new position in Bloom Energy during the 2nd quarter worth approximately $138,000. Castleark Management LLC bought a new stake in Bloom Energy in the second quarter valued at approximately $177,000. FORA Capital LLC acquired a new stake in Bloom Energy in the second quarter worth $510,000. Tower Research Capital LLC TRC boosted its position in shares of Bloom Energy by 303.6% during the second quarter. Tower Research Capital LLC TRC now owns 29,266 shares of the company's stock worth $700,000 after purchasing an additional 22,015 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Bloom Energy in the 2nd quarter valued at $235,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.