Bloom Energy (NYSE:BE) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Bloom Energy's price target was raised by Robert W. Baird from $45.00 to $61.00, indicating a potential upside of 13.07% from its current trading price.
• The company's stock recently traded at $53.95, reflecting a 2.9% increase in value, with significant trading volume of 2,658,675 shares.
• Bloom Energy reported earnings of $0.10 per share for the last quarter, exceeding analysts' expectations and marking a 19.5% increase in revenue year-over-year.

Bloom Energy (NYSE:BE - Get Free Report) had its price objective lifted by equities research analysts at Robert W. Baird from $45.00 to $61.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 13.07% from the company's current price.

A number of other research analysts have also weighed in on the stock. Susquehanna raised their price target on shares of Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Mizuho lifted their target price on shares of Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Roth Capital raised their price target on shares of Bloom Energy from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised shares of Bloom Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $18.00 to $33.00 in a research report on Wednesday, July 9th. Finally, UBS Group boosted their price target 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 research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.18.

Bloom Energy Stock Up 2.9%

Shares of BE stock traded up $1.50 during trading hours on Thursday, reaching $53.95. 2,658,675 shares of the company's stock were exchanged, compared to its average volume of 7,476,719. The stock's 50 day moving average is $35.69 and its 200-day moving average is $25.80. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 1,349.09 and a beta of 3.28. The company has a current ratio of 4.99, a quick ratio of 3.21 and a debt-to-equity ratio of 2.18. Bloom Energy has a fifty-two week low of $9.02 and a fifty-two week high of $55.07.

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. The business had revenue of $401.24 million for the quarter, compared to the consensus estimate of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. Bloom Energy has set its FY 2025 guidance at EPS. Analysts predict that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $52.00, for a total transaction of $1,300,000.00. Following the transaction, the insider owned 225,949 shares of the company's stock, valued at approximately $11,749,348. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kr Sridhar sold 37,955 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $53.39, for a total transaction of $2,026,417.45. Following the transaction, the chief executive officer directly owned 2,378,663 shares in the company, valued at approximately $126,996,817.57. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,477 shares of company stock worth $14,924,815 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Large investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new position in Bloom Energy during the 2nd quarter valued at $36,000. Harbour Investments Inc. lifted its position in shares of Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock worth $31,000 after buying an additional 1,512 shares during the last quarter. Banque Transatlantique SA lifted its position in shares of Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock worth $30,000 after buying an additional 1,161 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock worth $37,000 after buying an additional 1,626 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Bloom Energy in the 1st quarter valued at about $41,000. Institutional investors and hedge funds 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.

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