Bloom Energy (NYSE:BE) Stock Jumps 5.5% on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE)’s share price rose 5.5% during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $176.00 to $182.00. Wells Fargo & Company currently has an equal weight rating on the stock. Bloom Energy traded as high as $210.86 and last traded at $203.9080. Approximately 20,927,725 shares were traded during trading, an increase of 59% from the average daily volume of 13,203,291 shares. The stock had previously closed at $193.30.

BE has been the topic of a number of other reports. Citigroup reissued a “buy” rating on shares of Bloom Energy in a report on Friday. Mizuho boosted their price target on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 price objective on shares of Bloom Energy in a report on Wednesday, October 21st. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a report on Monday. Finally, TD Cowen upgraded Bloom Energy to a “hold” rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $259.00.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total value of $616,023.90. Following the completion of the sale, the chief accounting officer owned 77,391 shares in the company, valued at approximately $20,773,292.22. The trade was a 2.88% decrease in their ownership of the stock. 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 Shawn Soderberg sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares of the company’s stock, valued at $34,163,855. The trade was a 2.22% 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. In the last three months, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by insiders.

Key Headlines Impacting Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Analyst price-target increase: Barclays raised its Bloom Energy price target to $316 from $308, helping restore investor confidence after the earnings-related decline. Bloom Energy Soars 7% on Barclays Price Target Hike After Post-Earnings Rout
• Positive Sentiment: Strong quarterly performance: Bloom reported revenue of $1.24 billion, up 138% year over year, and earnings of $0.94 per share versus the $0.69 consensus estimate. Product revenue increased 179%, while operating margins expanded to 23.1%. Bloom Energy’s Selloff Misses The Upgrade
• Positive Sentiment: AI data-center power demand: Bloom’s solid-oxide fuel cells can provide power faster than traditional grid connections, making the company a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Broader strength in AI-related energy stocks also supported the rebound. Where Will Bloom Energy Stock Be in 5 Years?
• Neutral Sentiment: Other analysts remain generally constructive: Royal Bank of Canada reaffirmed an outperform rating, while KeyCorp maintained a sector-weight view and Wells Fargo kept an equal-weight rating despite lifting its target to $182. KeyCorp Reaffirms Sector Weight Rating for Bloom Energy
• Negative Sentiment: Cash-flow concerns remain: Operating cash flow was negative $27 million and free cash flow was negative $181 million despite record profitability. Investors are worried that continued expansion could require additional funding, creating near-term pressure on the stock. Stock of the Day: Where is the Bottom for Bloom Energy?

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Montanova Capital LLC purchased a new stake in shares of Bloom Energy in the second quarter valued at about $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock worth $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Militia Capital Management LLC purchased a new position in Bloom Energy during the first quarter worth about $813,000. Assenagon Asset Management S.A. raised its holdings in Bloom Energy by 3,398.3% during the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after purchasing an additional 233,020 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in Bloom Energy during the first quarter worth about $8,468,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The stock has a market cap of $60.06 billion, a price-to-earnings ratio of 125.10, a P/E/G ratio of 2.50 and a beta of 3.77. The stock’s 50-day moving average is $248.71 and its 200 day moving average is $249.97.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 138.1% compared to the same quarter last year. As a group, analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.