Bloom Energy (NYSE:BE) Trading Up 9.2% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares shot up 9.2% during trading on Monday . The company traded as high as $283.62 and last traded at $275.1340. 17,466,834 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 11,580,450 shares. The stock had previously closed at $252.02.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Susquehanna raised their price target on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 target price on shares of Bloom Energy in a report on Wednesday, June 10th. Finally, UBS Group set a $322.00 price objective on Bloom Energy in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Moderate Buy” and an average price target of $224.36.

Bloom Energy Trading Up 9.2%

The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a 50-day moving average of $274.84 and a 200 day moving average of $185.74. The company has a market cap of $78.26 billion, a P/E ratio of -5,501.58 and a beta of 3.74.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary K. Bush sold 25,000 shares of Bloom Energy stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. This trade represents a 18.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider owned 212,365 shares of the company’s stock, valued at $43,371,303.95. This represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 230,274 shares of company stock worth $58,696,472 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

A number of institutional investors have recently modified their holdings of the business. Compound Planning Inc. grew its stake in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after buying an additional 38 shares in the last quarter. Blue Trust Inc. grew its stake in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Bloom Energy by 0.7% in the 1st quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock valued at $1,136,000 after acquiring an additional 55 shares in the last quarter. Finally, WPG Advisers LLC grew its stake in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.