Bloom Energy (NYSE:BE) Price Target Raised to $346.00

Bloom Energy (NYSE:BE) had its price objective lifted by JPMorgan Chase & Co. from $267.00 to $346.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 53.53% from the stock’s current price.

Several other research analysts also recently weighed in on BE. BTIG Research increased their price target on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna upped their price target on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. TD Cowen reissued a “hold” rating and set a $235.00 target price on shares of Bloom Energy in a research note on Monday. UBS Group boosted their price target on shares of Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Roth Capital raised their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $254.00.

Bloom Energy Stock Performance

Bloom Energy stock traded up $28.31 during mid-day trading on Tuesday, reaching $225.37. 10,307,461 shares of the stock traded hands, compared to its average volume of 11,802,593. The business’s 50-day moving average is $276.65 and its 200-day moving average is $203.99. The stock has a market capitalization of $64.10 billion, a PE ratio of -4,503.88 and a beta of 3.73. Bloom Energy has a 12-month low of $24.39 and a 12-month high of $351.28. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s quarterly revenue was up 130.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts predict that Bloom Energy will post 1.43 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total value of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares in the company, valued at approximately $59,966,328.87. This represents a 1.35% 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, CAO Maciej Kurzymski sold 2,259 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the completion of the sale, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at approximately $22,998,973.32. This trade represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 153,617 shares of company stock worth $44,003,909 over the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Bloom Energy in the 2nd quarter worth $620,000. Physician Wealth Advisors Inc. grew its position in Bloom Energy by 22.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 950 shares of the company’s stock worth $288,000 after purchasing an additional 171 shares during the last quarter. Myriad Asset Management US LP purchased a new stake in Bloom Energy during the 2nd quarter worth approximately $267,000. Petredis Investment Advisors LLC increased its stake in Bloom Energy by 1.2% during the 2nd quarter. Petredis Investment Advisors LLC now owns 31,822 shares of the company’s stock valued at $9,633,000 after purchasing an additional 364 shares in the last quarter. Finally, FLC Capital Advisors acquired a new position in Bloom Energy during the 2nd quarter valued at approximately $282,000. 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.