Bloom Energy (NYSE:BE) Shares Climb 9.1% Following Analyst Upgrade

Posted by Brenda Bartman on Nov 3rd, 2026

Bloom Energy Corporation (NYSE:BE – Get Free Report) shares were up 9.1% during trading on Tuesday after Barclays upgraded the stock from an equal weight rating to an overweight rating. Barclays now has a $289.00 price target on the stock, down from their previous price target of $316.00. Bloom Energy traded as high as $220.50 and last traded at $214.0460. 13,753,605 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 13,226,049 shares. The stock had previously closed at $196.25.

Other analysts have also issued research reports about the company. UBS Group upped their price objective on Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a report on Friday, October 23rd. Citigroup lifted their target price on shares of Bloom Energy from $281.00 to $284.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. TD Cowen raised shares of Bloom Energy to a “hold” rating in a research note on Monday, October 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price objective on shares of Bloom Energy in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $263.05.

Read Our Latest Stock Analysis on Bloom Energy

Insiders Place Their Bets

In related news, insider Shawn Soderberg sold 2,870 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the transaction, the insider owned 126,500 shares of the company’s stock, valued at approximately $34,163,855. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 74,698 shares of company stock valued at $18,697,058 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

Positive Sentiment: Bloom and California Resources Corporation, together with carbon-management subsidiary Carbon TerraVault, signed a memorandum of understanding to evaluate at least 1 GW of solid-oxide fuel-cell power paired with carbon capture and storage in California. Potential customers include utilities, data centers and industrial users, opening a sizable commercial opportunity if projects proceed. California Resources collaboration announcement
Positive Sentiment: Barclays raised its rating on Bloom to Overweight from Equal Weight, citing demand for firm, on-site power, including from AI data centers. Its price target is now $289, reduced from $316, and was reported as implying roughly 35% upside from the cited share price. Barclays upgrade and AI data center demand
Neutral Sentiment: The California agreement is non-binding and calls for evaluating projects, not committing to construction or revenue. Permitting, financing and customer commitments will determine whether the 1-GW opportunity becomes executable business. Bloom Energy partnership details
Negative Sentiment: Bloom’s valuation remains a risk: the supplied market data shows a trailing P/E above 130, leaving the stock potentially sensitive to delays or any shortfall in converting growth expectations into contracts and earnings.

Institutional Trading of Bloom Energy

Several large investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in Bloom Energy during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of Bloom Energy during the third quarter worth approximately $26,000. REAP Financial Group LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the last quarter. Finally, Markowski Investments bought a new stake in Bloom Energy in the second quarter valued at approximately $37,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Trading Up 9.1%

The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The stock has a market capitalization of $63.04 billion, a price-to-earnings ratio of 131.32, a PEG ratio of 2.36 and a beta of 3.77. The business has a 50 day simple moving average of $248.07 and a 200-day simple moving average of $220.08.

Bloom Energy (NYSE:BE – Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $0.15 EPS. Bloom Energy’s revenue for the quarter was up 138.1% compared to the same quarter last year. As a group, equities analysts expect that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Bloom Energy Company Profile

(Get Free Report)

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.