Bloom Energy (NYSE:BE) Trading 2.2% Higher - Still a Buy?

Key Points

• Shares rose 2.2% to about $135.40 intraday, but MarketBeat's consensus rating is a Hold with an average price target of $131.65, below the current share price.
• Bloom beat the quarter (EPS $0.45 vs $0.25 est.; revenue $777.7M, +35.9% YoY) and set FY2026 guidance of $1.33–$1.48 EPS, yet it still reports a negative net margin and a negative P/E, with analysts forecasting -$0.23 EPS for the current fiscal year.
• Significant insider selling has occurred recently — CEO Kr Sridhar sold 200,000 shares for about $34 million, and insiders sold ~370,092 shares (~$61.4M) over the past 90 days, reducing insider ownership to 3.6%.

Shares of Bloom Energy Corporation (NYSE:BE - Get Free Report) rose 2.2% on Thursday . The company traded as high as $137.28 and last traded at $135.3960. Approximately 5,610,926 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 11,552,419 shares. The stock had previously closed at $132.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BE shares. Citigroup assumed coverage on Bloom Energy in a research note on Tuesday, February 24th. They set a "neutral" rating and a $162.00 price objective on the stock. Mizuho raised their target price on shares of Bloom Energy to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. China Renaissance started coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set a "buy" rating and a $207.00 target price on the stock. BMO Capital Markets upped their price target on shares of Bloom Energy to $149.00 and gave the stock a "market perform" rating in a research report on Friday, February 6th. Finally, Royal Bank Of Canada set a $143.00 price target on shares of Bloom Energy in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Bloom Energy currently has a consensus rating of "Hold" and an average price target of $131.65.

Bloom Energy Stock Up 2.2%

The stock has a market cap of $37.99 billion, a P/E ratio of -356.31, a price-to-earnings-growth ratio of 5.53 and a beta of 3.11. The firm has a 50 day simple moving average of $150.98 and a 200-day simple moving average of $120.89. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the company posted $0.43 EPS. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total value of $34,000,000.00. Following the transaction, the chief executive officer directly owned 2,189,869 shares of the company's stock, valued at $372,277,730. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the sale, the insider directly owned 190,521 shares of the company's stock, valued at $29,502,176.85. The trade was a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 370,092 shares of company stock valued at $61,365,925. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. WPG Advisers LLC lifted its holdings in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company's stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock valued at $28,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Bloom Energy during the 4th quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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