Zacks Research upgraded shares of Bloom Energy (NYSE:BE – Free Report) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.
A number of other analysts have also recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Bloom Energy to $166.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. China Renaissance began coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective for the company. Mizuho upped their target price on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, UBS Group reiterated a “buy” rating and set a $170.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $137.18.
Check Out Our Latest Analysis on Bloom Energy
Bloom Energy Price Performance
Bloom Energy (NYSE:BE – Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same period in the previous year, the company earned $0.43 earnings per share. Bloom Energy’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, sell-side analysts expect that Bloom Energy will post -0.23 earnings per share for the current year.
Insider Activity at Bloom Energy
In other news, insider Aman Joshi sold 19,944 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares in the company, valued at approximately $29,502,176.85. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction 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 approximately $372,277,730. This represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 380,092 shares of company stock valued at $62,724,725 in the last 90 days. 3.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Bloom Energy
Hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. WPG Advisers LLC raised its stake in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy in the 4th quarter valued at $28,000. Fifth Third Bancorp acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 77.04% of the company’s stock.
Key Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Zacks upgraded BE from “Hold” to “Strong Buy,” which likely lifted sentiment and buying interest. Zacks.com
- Positive Sentiment: Multiple bullish features (The Motley Fool and others) highlight Bloom as a beneficiary of rising data?center and AI power demand, reinforcing the growth narrative and attracting investor inflows. 1 Brilliant Energy Stock to Buy Now Under-the-Radar Growth Stock
- Positive Sentiment: Recognition for corporate trustworthiness (Newsweek list) may strengthen institutional and procurement confidence—useful in long?cycle industrial contracts. Bloom Energy Trust Recognition
- Neutral Sentiment: Broader market coverage (MSN, CNN and Yahoo roundup pieces) is increasing visibility; that can amplify flows both ways but doesn’t change fundamentals on its own. MSN coverage CNN Markets
- Neutral Sentiment: Several valuation and post?earnings analyses are circulating; they summarize strong momentum but urge close attention to multiples and long?term margin/rollout execution. Valuation After Recent Gains
- Negative Sentiment: The stock’s ~7x one?year surge has prompted questions about whether current prices already reflect future growth—articles asking “is it too late?” underscore potential overvaluation risk and the danger of sharp pullbacks if execution or margins disappoint. Is It Too Late To Consider Bloom Energy?
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.
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