Susquehanna Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Key Points

• Susquehanna raised its price target for Bloom Energy (NYSE:BE) from $43.00 to $105.00, indicating a potential upside of 20.79% from the current price.
• Bloom Energy reported a 19.5% year-over-year increase in quarterly revenue, totaling $401.24 million, and beat analysts' earnings estimates.
• Despite the positive outlook from some analysts, ratings for Bloom Energy vary widely, with two analysts giving a Strong Buy rating and others recommending Hold or Sell.

Bloom Energy (NYSE:BE - Get Free Report) had its price target boosted by equities researchers at Susquehanna from $43.00 to $105.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target points to a potential upside of 20.79% from the stock's current price.

BE has been the subject of a number of other reports. Hsbc Global Res lowered shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Royal Bank Of Canada set a $75.00 target price on shares of Bloom Energy in a research note on Tuesday, September 30th. HSBC reaffirmed a "hold" rating and issued a $100.00 target price (up from $44.00) on shares of Bloom Energy in a research note on Thursday. Robert W. Baird upped their target price on shares of Bloom Energy from $45.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Finally, Jefferies Financial Group lowered shares of Bloom Energy from a "hold" rating to an "underperform" rating and upped their target price for the stock from $24.00 to $31.00 in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.13.

Bloom Energy Price Performance

BE opened at $86.93 on Monday. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. Bloom Energy has a 12 month low of $9.02 and a 12 month high of $95.69. The company has a fifty day simple moving average of $61.58 and a 200 day simple moving average of $35.58. The stock has a market cap of $20.34 billion, a P/E ratio of 2,173.79, a P/E/G ratio of 137.79 and a beta of 3.48.

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

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 4,870 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $43.36, for a total transaction of $211,163.20. Following the completion of the transaction, the insider directly owned 224,361 shares in the company, valued at $9,728,292.96. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Maciej Kurzymski sold 2,474 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $70.47, for a total transaction of $174,342.78. Following the transaction, the insider owned 106,374 shares of the company's stock, valued at approximately $7,496,175.78. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 302,205 shares of company stock worth $14,919,283. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. Banque Transatlantique SA lifted its stake in Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock valued at $30,000 after purchasing an additional 1,161 shares during the last quarter. Harbour Investments Inc. lifted its stake in Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after purchasing an additional 1,512 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Bloom Energy in the 2nd quarter valued at about $36,000. NewEdge Advisors LLC lifted its stake in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Vision Financial Markets LLC acquired a new stake in Bloom Energy in the 1st quarter valued at about $39,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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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