Bloom Energy (NYSE:BE) Shares Up 5.5% on Analyst Upgrade

Posted by George Bondi on Oct 26th, 2026

Shares of Bloom Energy Corporation (NYSE:BE – Get Free Report) rose 5.5% on Monday after Wells Fargo & Company raised their price target on the stock from $176.00 to $182.00. Wells Fargo & Company currently has an equal weight rating on the stock. Bloom Energy traded as high as $210.86 and last traded at $203.9080. Approximately 20,927,725 shares were traded during trading, an increase of 59% from the average daily volume of 13,203,291 shares. The stock had previously closed at $193.30.

A number of other equities research analysts also recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a research note on Friday. Robert W. Baird increased their price target on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Check Out Our Latest Stock Analysis on Bloom Energy

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 company’s stock in a transaction on 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 completion of the sale, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 in the last 90 days. Insiders own 3.00% of the company’s stock.

Bloom Energy News Summary

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

Positive Sentiment: Analyst price-target increase: Barclays raised its Bloom Energy price target to $316 from $308, helping restore investor confidence after the earnings-related decline. Bloom Energy Soars 7% on Barclays Price Target Hike After Post-Earnings Rout
Positive Sentiment: Strong quarterly performance: Bloom reported revenue of $1.24 billion, up 138% year over year, and earnings of $0.94 per share versus the $0.69 consensus estimate. Product revenue increased 179%, while operating margins expanded to 23.1%. Bloom Energy’s Selloff Misses The Upgrade
Positive Sentiment: AI data-center power demand: Bloom’s solid-oxide fuel cells can provide power faster than traditional grid connections, making the company a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Broader strength in AI-related energy stocks also supported the rebound. Where Will Bloom Energy Stock Be in 5 Years?
Neutral Sentiment: Other analysts remain generally constructive: Royal Bank of Canada reaffirmed an outperform rating, while KeyCorp maintained a sector-weight view and Wells Fargo kept an equal-weight rating despite lifting its target to $182. KeyCorp Reaffirms Sector Weight Rating for Bloom Energy
Negative Sentiment: Cash-flow concerns remain: Operating cash flow was negative $27 million and free cash flow was negative $181 million despite record profitability. Investors are worried that continued expansion could require additional funding, creating near-term pressure on the stock. Stock of the Day: Where is the Bottom for Bloom Energy?

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Jennison Associates LLC grew its stake in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Bank of America Corp DE increased its holdings in Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after acquiring an additional 126,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 in the last quarter. Elemental Capital Partners LLC raised its position in Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock worth $287,791,000 after acquiring an additional 25,625 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Bloom Energy during the second quarter worth about $296,413,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Up 5.5%

The company has a market cap of $60.06 billion, a PE ratio of 125.10, a P/E/G ratio of 2.50 and a beta of 3.77. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The firm’s fifty day simple moving average is $248.71 and its 200-day simple moving average is $249.97.

Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.69 by $0.25. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company’s quarterly revenue was up 138.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, equities research analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

About Bloom Energy

(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.