Shares of Bloom Energy Corporation (NYSE:BE – Get Free Report) have earned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $38.2895.
Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Bloom Energy from $45.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Mizuho increased their target price on shares of Bloom Energy from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Jefferies Financial Group downgraded shares of Bloom Energy from a “hold” rating to an “underperform” rating and increased their target price for the company from $24.00 to $31.00 in a research note on Wednesday, September 24th. JPMorgan Chase & Co. raised shares of Bloom Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $33.00 in a research note on Wednesday, July 9th. Finally, Susquehanna increased their target price on shares of Bloom Energy from $26.00 to $30.00 and gave the company a “positive” rating in a research note on Monday, July 21st.
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Bloom Energy Price Performance
Bloom Energy stock opened at $90.44 on Thursday. Bloom Energy has a 52-week low of $9.02 and a 52-week high of $91.23. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 2,261.64 and a beta of 3.47. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. The firm’s fifty day moving average is $54.31 and its 200 day moving average is $32.32.
Bloom Energy (NYSE:BE – Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.08. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The business had revenue of $401.24 million for the quarter, compared to the consensus estimate of $382.23 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Bloom Energy will post -0.23 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $45.00, for a total value of $900,000.00. Following the transaction, the insider owned 234,493 shares of the company’s stock, valued at $10,552,185. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,368,951 shares in the company, valued at $117,736,864.70. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,205 shares of company stock worth $14,919,283 over the last ninety days. 3.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BE. GAMMA Investing LLC increased its stake in Bloom Energy by 2,149.6% in the 1st quarter. GAMMA Investing LLC now owns 60,513 shares of the company’s stock worth $1,190,000 after buying an additional 57,823 shares during the period. Parallel Advisors LLC increased its stake in Bloom Energy by 241.2% in the 1st quarter. Parallel Advisors LLC now owns 7,626 shares of the company’s stock worth $150,000 after buying an additional 5,391 shares during the period. Rhumbline Advisers increased its position in Bloom Energy by 2.8% during the 1st quarter. Rhumbline Advisers now owns 298,283 shares of the company’s stock valued at $5,864,000 after purchasing an additional 8,212 shares during the period. Chesley Taft & Associates LLC increased its position in Bloom Energy by 27.7% during the 1st quarter. Chesley Taft & Associates LLC now owns 12,956 shares of the company’s stock valued at $255,000 after purchasing an additional 2,807 shares during the period. Finally, MRA Advisory Group purchased a new position in Bloom Energy during the 1st quarter valued at about $374,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Bloom Energy Company Profile
(Get Free Report)
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.
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