Bloom Energy (NYSE:BE) Stock Jumps 2.1% on Analyst Upgrade

Key Points

• Bloom Energy shares rose 2.1% after Truist Financial increased its price target from $218 to $240, though it maintained a hold rating. Analysts’ consensus view is “Moderate Buy,” with an average price target of $260.05.
• The company reported strong recent operating results, including quarterly EPS of $0.78 versus the $0.39 consensus estimate and revenue of $1.07 billion, up 165.5% year over year.
• Insiders sold 89,698 shares worth $21.8 million over the past 90 days, while institutional investors own 77.04% of Bloom Energy’s stock.

Shares of Bloom Energy Corporation (NYSE:BE - Get Free Report) traded up 2.1% during mid-day trading on Monday after Truist Financial raised their price target on the stock from $218.00 to $240.00. Truist Financial currently has a hold rating on the stock. Bloom Energy traded as high as $233.50 and last traded at $225.8640. 9,917,503 shares traded hands during trading, a decline of 24% from the average session volume of 13,010,810 shares. The stock had previously closed at $221.31.

Several other research firms also recently weighed in on BE. Evercore reiterated an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Susquehanna upped their price target on Bloom Energy from $293.00 to $298.00 and gave the stock a "positive" rating in a research report on Friday, July 10th. Wall Street Zen raised Bloom Energy from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Barclays lifted their price objective on Bloom Energy from $276.00 to $308.00 and gave the company an "equal weight" rating in a research report on Thursday, October 1st. Finally, Jefferies Financial Group increased their target price on shares of Bloom Energy from $229.00 to $264.00 and gave the stock a "hold" rating in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.05.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 8,437 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the sale, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the sale, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This trade represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 89,698 shares of company stock valued at $21,780,758. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Montanova Capital LLC bought a new position in shares of Bloom Energy during the 2nd quarter worth $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock worth $401,849,000 after acquiring an additional 583,135 shares in the last quarter. Militia Capital Management LLC purchased a new position in Bloom Energy during the 1st quarter valued at about $813,000. Assenagon Asset Management S.A. raised its holdings in shares of Bloom Energy by 3,398.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company's stock valued at $72,611,000 after purchasing an additional 233,020 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Bloom Energy in the 1st quarter worth approximately $8,468,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy Price Performance

The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The firm's 50-day moving average price is $249.30 and its two-hundred day moving average price is $246.99. The stock has a market cap of $66.52 billion, a PE ratio of 301.15, a PEG ratio of 2.86 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period last year, the company posted $0.10 earnings per share. Bloom Energy's revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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