Bloom Energy Corporation (NYSE:BE – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $222.65, but opened at $235.36. Bloom Energy shares last traded at $234.4550, with a volume of 2,254,198 shares traded.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: An analyst upgrade provided a positive catalyst, suggesting improved confidence in Bloom Energy’s outlook. Bloom Energy Shares Climb After Analyst Upgrade
- Positive Sentiment: Demand for Bloom Energy’s solid oxide fuel cells is increasing among AI and cloud data centers. Projects involving Oracle and Google, along with a growing backlog, support the company’s long-term growth case and have helped it move into positive free cash flow. AI Data Center Deals and Bloom Energy
- Positive Sentiment: Management has raised its 2026 revenue forecast twice, now targeting $3.9 billion to $4.2 billion. Analysts reportedly expect third-quarter revenue of approximately $1.06 billion and adjusted EPS of $0.70, representing substantial year-over-year growth. Bloom Energy Before Its Earnings Report
- Neutral Sentiment: Third-quarter earnings are the immediate focus. Investors will evaluate revenue growth, profitability, cash flow, backlog and the company’s ability to convert AI data-center agreements into delivered sales. Bloom Energy Q3 Earnings Preview
- Neutral Sentiment: Bloom Energy is being compared with Vistra and Oracle as investors assess which companies are best positioned for the AI infrastructure build-out. The comparisons highlight BE’s specialized onsite-power opportunity but also its narrower business model. Bloom Energy Versus Vistra
- Negative Sentiment: Shares are about 36% below their June peak, reflecting increased caution ahead of earnings and a sharp volatility risk if results or guidance disappoint. Bloom Energy Volatility Ahead of Q3 Earnings
- Negative Sentiment: Bloom Energy trades at a premium valuation, making strong execution on AI data-center deals essential. Any slowdown in demand, weaker margins or limited progress against expectations could pressure the stock. Bloom Energy Valuation and AI Data Center Deals
Wall Street Analyst Weigh In
BE has been the subject of several recent research reports. Mizuho boosted their price objective on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Susquehanna raised their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bloom Energy in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.05.
Bloom Energy Stock Performance
The company’s 50-day moving average price is $249.83 and its 200 day moving average price is $248.26. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The stock has a market capitalization of $69.56 billion, a PE ratio of 314.91, a PEG ratio of 2.92 and a beta of 3.77.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. Bloom Energy’s quarterly revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director owned 201,243 shares in the company, valued at $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 89,698 shares of company stock worth $21,780,758. Company insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Bloom Energy
A number of institutional investors have recently added to or reduced their stakes in BE. Montanova Capital LLC purchased a new stake in shares of Bloom Energy in the 2nd quarter worth about $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares during the period. Militia Capital Management LLC purchased a new position in Bloom Energy during the 1st quarter valued at about $813,000. Assenagon Asset Management S.A. lifted its holdings in shares of 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 valued at $72,611,000 after purchasing an additional 233,020 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Bloom Energy during the first quarter valued at approximately $8,468,000. Institutional investors own 77.04% of the company’s stock.
Bloom Energy Company Profile
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.
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