Bloom Energy (NYSE:BE) Stock Price Up 3.2% – Time to Buy?

Bloom Energy Corporation (NYSE:BE)’s share price was up 3.2% on Tuesday . The stock traded as high as $146.67 and last traded at $145.79. Approximately 11,668,833 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 11,706,386 shares. The stock had previously closed at $141.33.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BE. BMO Capital Markets upped their price target on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Robert W. Baird set a $172.00 target price on Bloom Energy in a report on Tuesday, January 27th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $131.87.

Bloom Energy Price Performance

The company’s 50-day simple moving average is $152.24 and its 200 day simple moving average is $117.61. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $40.90 billion, a price-to-earnings ratio of -383.66, a P/E/G ratio of 6.13 and a beta of 3.11.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $647.59 million. During the same period last year, the business earned $0.43 EPS. The firm’s revenue 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. Equities research analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Transactions at Bloom Energy

In other news, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the transaction, the insider owned 84,294 shares in the company, valued at approximately $12,800,043.90. The trade was a 8.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider directly owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 370,092 shares of company stock worth $61,365,925. Insiders own 3.60% of the company’s stock.

Institutional Trading of Bloom Energy

Several institutional investors have recently modified their holdings of BE. Bayforest Capital Ltd acquired a new position in shares of Bloom Energy in the first quarter valued at $2,055,000. AQR Capital Management LLC bought a new stake in Bloom Energy in the 1st quarter valued at $1,820,000. NewEdge Advisors LLC increased its holdings 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 buying an additional 1,626 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after buying an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after acquiring an additional 4,716 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

About Bloom Energy

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.