Bloom Energy (NYSE:BE) Stock Jumps 2.7% – What’s Next?

Bloom Energy Corporation (NYSE:BE – Get Free Report) shares were up 2.7% on Friday. The stock traded as high as $280.50 and last traded at $280.1620. 8,428,142 shares were traded during trading, a decline of 35% from the average daily volume of 12,967,243 shares. The stock had previously closed at $272.82.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Jefferies Financial Group upped their price objective on Bloom Energy from $229.00 to $264.00 and gave the stock a “hold” rating in a research note on Tuesday, September 29th. JPMorgan Chase & Co. decreased their target price on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Finally, Roth Capital upped their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus target price of $258.32.

Read Our Latest Stock Analysis on BE

Bloom Energy Trading Up 2.7%

The company has a market cap of $82.52 billion, a price-to-earnings ratio of 373.55, a PEG ratio of 3.75 and a beta of 3.77. 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 business’s 50 day moving average price is $245.97 and its 200-day moving average price is $242.20.

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

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 2,870 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. The trade was a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 89,698 shares of company stock valued at $21,780,758 over the last 90 days. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wedmont Private Capital acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $772,000. Cadent Capital Advisors LLC raised its stake in shares of Bloom Energy by 18.7% during the third quarter. Cadent Capital Advisors LLC now owns 8,691 shares of the company’s stock valued at $2,407,000 after acquiring an additional 1,371 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Bloom Energy by 172.1% during the third quarter. Dakota Community Bank & Trust NA now owns 721 shares of the company’s stock valued at $200,000 after acquiring an additional 456 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Bloom Energy by 89.5% during the third quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $1,569,000 after purchasing an additional 2,675 shares during the period. Finally, Grove Bank & Trust acquired a new position in shares of Bloom Energy during the third quarter worth $273,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

(Get Free Report)

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

Further Reading

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