Bloom Energy Corporation (NYSE:BE – Get Free Report)’s share price was down 3.8% during mid-day trading on Friday . The company traded as low as $212.20 and last traded at $220.1780. 14,757,068 shares were traded during trading, an increase of 18% from the average daily volume of 12,533,529 shares. The stock had previously closed at $228.96.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy announced an expanded partnership with MiTAC Computing Technology to deploy fuel-cell systems for an islanded microgrid supporting AI infrastructure. The agreement reinforces Bloom’s positioning in onsite power for data centers, although financial terms were not disclosed. Bloom Energy Continues to Set the Standard for AI Onsite Power with Expanded MiTAC Partnership
- Positive Sentiment: Bloom Energy was added to Zacks’ Rank #1 “Strong Buy” growth-stock list, providing a favorable analyst-based signal amid the stock’s sharp volatility. Best Growth Stocks to Buy for August 7th
- Neutral Sentiment: Bloom is reportedly considering an expansion of its Fremont, California, advanced-manufacturing operations that could create hundreds of jobs. The move could support future capacity, but details and investment costs remain unclear. Bloom Energy eyes Fremont expansion
- Negative Sentiment: Several law firms are promoting an existing securities class action covering investors who purchased Bloom securities from February 27, 2025, through July 8, 2026. The allegations reportedly center on statements that Bloom had no China supply-chain exposure while allegedly obtaining scandium through intermediaries linked to China. Investors may seek lead-plaintiff status by September 28, 2026. The repeated notices increase negative sentiment and raise potential legal, financial, and reputational risks, although the allegations have not been proven. Robbins LLP Urges BE Stockholders
- Negative Sentiment: Recent commentary highlights a steep pullback over the past month following a short-seller report and the lawsuit filing, suggesting investors remain focused on supply-chain disclosures and elevated valuation risk. Is Bloom Energy Undervalued Following The Lawsuit And Short Seller Report?
Wall Street Analysts Forecast Growth
A number of brokerages have commented on BE. UBS Group cut their price target on shares of Bloom Energy from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. BTIG Research reissued a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Finally, TD Cowen reaffirmed a “hold” rating and set a $235.00 target price on shares of Bloom Energy in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.18.
Bloom Energy Trading Down 3.8%
The firm has a 50 day moving average of $255.43 and a 200-day moving average of $212.11. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $62.63 billion, a P/E ratio of 293.57, a PEG ratio of 3.20 and a beta of 3.79.
Bloom Energy (NYSE:BE – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.Bloom Energy’s quarterly revenue was up 165.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts predict that Bloom Energy Corporation will post 1.93 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Bloom Energy news, insider Satish Chitoori sold 2,837 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider directly owned 207,417 shares in the company, valued at $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,879 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $288.10, for a total value of $829,439.90. Following the completion of the sale, the insider directly owned 137,853 shares in the company, valued at approximately $39,715,449.30. This represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 108,617 shares of company stock valued at $30,648,609 over the last three months. 3.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Bloom Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Bloom Energy during the second quarter worth $296,413,000. Stoneridge Investment Partners LLC bought a new position in Bloom Energy in the second quarter valued at about $263,000. Sunpointe LLC acquired a new stake in shares of Bloom Energy during the second quarter valued at about $341,000. Bogart Wealth LLC grew its holdings in shares of Bloom Energy by 725.0% during the second quarter. Bogart Wealth LLC now owns 132 shares of the company’s stock worth $40,000 after purchasing an additional 116 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in shares of Bloom Energy by 12.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 4,252 shares of the company’s stock worth $1,287,000 after purchasing an additional 467 shares during the last quarter. 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.
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