Bloom Energy (NYSE:BE) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Bloom Energy's stock received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook from analysts.
• Mizuho downgraded Bloom Energy from "outperform" to "neutral" while increasing their price target from $48.00 to $79.00, showcasing mixed analyst sentiment towards the stock.
• Insiders have been selling shares, notably Satish Chitoori and Maciej Kurzymski, which may suggest a potential lack of confidence among company executives despite positive earnings performance.

Bloom Energy (NYSE:BE - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Mizuho downgraded shares of Bloom Energy from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $48.00 to $79.00 in a research report on Thursday, October 2nd. Susquehanna boosted their price objective on shares of Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on Bloom Energy from $40.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Robert W. Baird increased their target price on Bloom Energy from $45.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, Evercore ISI started coverage on Bloom Energy in a research note on Monday. They set an "outperform" rating and a $100.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.63.

Bloom Energy Price Performance

BE traded up $1.61 during midday trading on Wednesday, reaching $87.67. 7,940,529 shares of the company's stock were exchanged, compared to its average volume of 8,451,062. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21. The stock has a market capitalization of $20.51 billion, a PE ratio of 2,192.30 and a beta of 3.48. The business's 50-day moving average price is $58.60 and its 200 day moving average price is $34.14. Bloom Energy has a 1-year low of $9.02 and a 1-year high of $95.69.

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

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 400 shares of Bloom Energy stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $71.16, for a total transaction of $28,464.00. Following the transaction, the insider directly owned 231,965 shares in the company, valued at approximately $16,506,629.40. The trade was a 0.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 2,474 shares of Bloom Energy stock in a transaction 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 sale, the insider directly owned 106,374 shares of the company's stock, valued at approximately $7,496,175.78. The trade was a 2.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,205 shares of company stock valued at $14,919,283. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in 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 purchasing an additional 57,823 shares during the period. Rhumbline Advisers lifted its stake in shares of Bloom Energy by 2.8% in the first quarter. Rhumbline Advisers now owns 298,283 shares of the company's stock worth $5,864,000 after buying an additional 8,212 shares during the last quarter. M.E. Allison & CO. Inc. raised its holdings in Bloom Energy by 59.3% in the 1st quarter. M.E. Allison & CO. Inc. now owns 51,030 shares of the company's stock worth $1,003,000 after acquiring an additional 19,000 shares during the period. Mezzasalma Advisors LLC raised its holdings in Bloom Energy by 113.2% in the 1st quarter. Mezzasalma Advisors LLC now owns 33,139 shares of the company's stock worth $652,000 after acquiring an additional 17,598 shares during the period. Finally, Lumbard & Kellner LLC raised its holdings in Bloom Energy by 1.0% in the 1st quarter. Lumbard & Kellner LLC now owns 348,802 shares of the company's stock worth $6,857,000 after acquiring an additional 3,430 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

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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