Bloom Energy (NYSE:BE) Shares Climb 12% – What’s Next?

Posted by Brian Himes on Nov 9th, 2026

Bloom Energy Corporation (NYSE:BE – Get Free Report) shot up 12% during trading on Monday. The company traded as high as $199.83 and last traded at $193.9680. Approximately 16,605,406 shares were traded during trading, an increase of 23% from the average session volume of 13,460,271 shares. The stock had previously closed at $173.24.

Key Stories Impacting Bloom Energy

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

Positive Sentiment: Bloom reportedly signed 1.6 gigawatts of fuel-cell contracts for data centers shortly after the election. Investors also revisited its major project pipeline, including a 900-megawatt agreement with NTT DATA for data-center power and Bloom’s role supplying fuel cells for Google’s planned Wyoming project. These deals reinforce the company’s opportunity to meet AI-related electricity demand. Why Bloom Energy Stock Popped Today Bloom Energy Lands 900 Megawatt Data Center Power Deal
Positive Sentiment: The rebound also reflects a recovery in fuel-cell and AI-power stocks after last week’s sell-off, with investors potentially viewing the pullback as overdone. Bloom’s recent quarterly results—record performance and higher full-year guidance, according to the report—may add support. Bloom Energy rises as investors refocus on major data-center power deals
Positive Sentiment: Royal Bank of Canada reaffirmed its “Outperform” rating and $335 price target, signaling continued analyst confidence in the shares. Royal Bank of Canada rating
Negative Sentiment: Quiver’s data show 24 open-market insider sales and no purchases over the past six months. That activity may weigh on sentiment, although it does not establish why insiders sold. Insider trading and market analysis

Analyst Ratings Changes

Several research analysts have recently weighed in on BE shares. Wells Fargo & Company increased their price objective on shares of Bloom Energy from $176.00 to $182.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. BMO Capital Markets lowered shares of Bloom Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. dropped their price target on shares of Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, BTIG Research decreased their price target on shares of Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $263.05.

Check Out Our Latest Analysis on BE

Bloom Energy Trading Up 12.0%

The company has a market capitalization of $57.35 billion, a PE ratio of 119.00, a P/E/G ratio of 1.75 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. The business has a fifty day moving average price of $246.00 and a 200 day moving average price of $220.98.

Bloom Energy (NYSE:BE – Get Free Report) last issued 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 quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 138.1% on a year-over-year basis. Analysts expect that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider owned 202,494 shares in the company, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the sale, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 85,859 shares of company stock valued at $20,994,650 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new position in shares of Bloom Energy in the second quarter valued at $25,000. Trifecta Capital Advisors LLC acquired a new stake in Bloom Energy during the 3rd quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in Bloom Energy during the 1st quarter worth $27,000. REAP Financial Group LLC purchased a new stake in Bloom Energy during the 3rd quarter worth $28,000. Finally, MJT & Associates Financial Advisory Group Inc. increased its stake in Bloom Energy by 49.3% during the 2nd 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 period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Bloom Energy

(Get Free Report)

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.