Bloom Energy (NYSE:BE) Shares Up 8% – Should You Buy?

11 Mar 2025, 16:49 by Renee Jackson · The Cerbat Gem

Shares of Bloom Energy Co. (NYSE:BE – Get Free Report) shot up 8% on Tuesday . The company traded as high as $24.56 and last traded at $24.44. 2,119,781 shares were traded during trading, a decline of 68% from the average session volume of 6,711,593 shares. The stock had previously closed at $22.62.

Analyst Ratings Changes

BE has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Roth Mkm started coverage on shares of Bloom Energy in a report on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. Roth Capital raised shares of Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.47.

View Our Latest Stock Analysis on BE

Bloom Energy Stock Performance

The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market capitalization of $5.77 billion, a PE ratio of -44.71 and a beta of 3.30. The firm’s 50 day moving average price is $24.01 and its 200-day moving average price is $18.61.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently bought and sold shares of the company. Millburn Ridgefield Corp raised its holdings in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in Bloom Energy in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC raised its stake in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after purchasing an additional 934 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after purchasing an additional 812 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Bloom Energy during the 3rd quarter worth $34,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

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