Bloom Energy (NYSE:BE) Stock Price Up 3% – Should You Buy?

Bloom Energy Corporation (NYSE:BE) shares traded up 3% on Tuesday . The stock traded as high as $173.07 and last traded at $165.1470. 10,934,538 shares changed hands during trading, a decline of 12% from the average session volume of 12,373,499 shares. The stock had previously closed at $160.28.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada set a $143.00 price objective on shares of Bloom Energy in a report on Tuesday, January 20th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Jefferies Financial Group set a $102.00 price target on Bloom Energy in a report on Tuesday, February 10th. Daiwa Securities Group set a $98.00 price objective on Bloom Energy in a report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Performance

The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The business has a 50-day moving average of $128.20 and a 200-day moving average of $102.12. The company has a market capitalization of $46.33 billion, a P/E ratio of -434.60, a P/E/G ratio of 6.10 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’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, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 3,332 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $139.56, for a total transaction of $465,013.92. Following the transaction, the insider owned 219,871 shares in the company, valued at approximately $30,685,196.76. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,294 shares of company stock worth $1,520,974 over the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently made changes to their positions in the stock. WPG Advisers LLC boosted its stake in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Orion Capital Management LLC increased its holdings in shares of Bloom Energy by 0.7% during the fourth quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after acquiring an additional 83 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Bloom Energy by 1.5% in the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after purchasing an additional 87 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Bloom Energy by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after purchasing an additional 88 shares in the last quarter. Finally, Reliant Investment Management LLC boosted its stake in Bloom Energy by 3.6% in the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock worth $222,000 after purchasing an additional 90 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.