Bloom Energy (NYSE:BE) Shares Up 4.9% – Still a Buy?

Bloom Energy Corporation (NYSE:BE)’s stock price was up 4.9% during trading on Monday . The company traded as high as $220.70 and last traded at $218.0820. Approximately 8,710,275 shares were traded during trading, a decline of 24% from the average daily volume of 11,435,512 shares. The stock had previously closed at $207.86.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BE shares. UBS Group reaffirmed a “cautious” rating and set a $155.00 price objective on shares of Bloom Energy in a report on Tuesday, April 14th. Jefferies Financial Group raised shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a report on Tuesday, April 14th. TD Cowen boosted their target price on Bloom Energy to $160.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Susquehanna cut their price objective on shares of Bloom Energy to $173.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Finally, Barclays initiated coverage on Bloom Energy in a report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.27.

Bloom Energy Stock Up 4.9%

The firm’s 50-day simple moving average is $155.63 and its 200 day simple moving average is $129.01. 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 has a market capitalization of $61.18 billion, a P/E ratio of -573.90, a PEG ratio of 8.35 and a beta of 3.18.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts expect that Bloom Energy Corporation will post 1 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total value of $34,000,000.00. Following the completion of the transaction, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at $372,277,730. This trade represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 455,092 shares of company stock worth $78,564,475 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Bloom Energy

A number of hedge funds have recently made changes to their positions in BE. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy in the fourth quarter valued at about $347,560,000. Trivest Advisors Ltd raised its position in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares during the period. Norges Bank bought a new position in shares of Bloom Energy in the fourth quarter valued at about $239,683,000. Finally, Amundi raised its position in shares of Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after purchasing an additional 2,511,426 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

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.