Bloom Energy Corporation (NYSE:BE) Receives $131.87 Average Target Price from Brokerages

Bloom Energy Corporation (NYSE:BE) has earned an average recommendation of “Hold” from the twenty-six brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $131.8696.

A number of equities analysts have recently commented on BE shares. BMO Capital Markets lifted 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. Truist Financial set a $68.00 target price on shares of Bloom Energy in a report on Friday, January 9th. TD Cowen boosted their target price on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Bank of America set a $39.00 price target on Bloom Energy in a research report on Tuesday, November 25th. Finally, Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th.

Bloom Energy Price Performance

NYSE BE opened at $152.83 on Friday. Bloom Energy has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The stock’s 50-day moving average is $137.52 and its two-hundred day moving average is $107.28. The firm has a market cap of $42.88 billion, a P/E ratio of -402.18, a price-to-earnings-growth ratio of 6.78 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS 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 analyst estimates of $647.59 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, analysts anticipate that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 25,244 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the completion of the transaction, the insider directly owned 227,048 shares in the company, valued at $40,398,650.64. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 1,521 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77. Following the completion of the sale, the insider owned 230,017 shares in the company, valued at approximately $32,057,469.29. The trade was a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 268,788 shares of company stock worth $45,575,889. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BE. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy in the fourth quarter valued at about $3,665,000. Virtu Financial LLC acquired a new position in Bloom Energy in the 4th quarter valued at approximately $360,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Bloom Energy in the 4th quarter worth approximately $1,913,000. Compound Planning Inc. acquired a new stake in shares of Bloom Energy during the 4th quarter worth approximately $296,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Bloom Energy by 3,818.7% during the 4th quarter. Corient Private Wealth LLC now owns 894,797 shares of the company’s stock worth $77,749,000 after purchasing an additional 871,963 shares in the last quarter. Institutional investors 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.