Bloom Energy (NYSE:BE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bloom Energy (NYSE:BE) from a hold rating to a buy rating in a report published on Saturday morning.

Other research analysts have also recently issued reports about the company. BMO Capital Markets boosted their target price on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Barclays assumed coverage on Bloom Energy in a research report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective on the stock. Roth Mkm upped their target price on Bloom Energy to $133.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Truist Financial set a $68.00 price target on Bloom Energy in a report on Friday, January 9th. Finally, Wells Fargo & Company boosted their price target on shares of Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and an average price target of $132.61.

Bloom Energy Trading Up 0.5%

Shares of BE stock opened at $139.70 on Friday. Bloom Energy has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The stock’s fifty day moving average is $122.91 and its two-hundred day moving average is $98.02. The firm has a market capitalization of $39.19 billion, a P/E ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts expect that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the transaction, the insider directly owned 229,449 shares in the company, valued at $20,219,045.88. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the transaction, the insider owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Bloom Energy by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after acquiring an additional 1,240,819 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after purchasing an additional 269,662 shares in the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in shares of Bloom Energy in the third quarter valued at approximately $402,494,000. Trivest Advisors Ltd increased its stake in Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after buying an additional 3,201,000 shares during the period. Finally, Norges Bank acquired a new stake in Bloom Energy during the 4th quarter worth approximately $239,683,000. 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.