Bloom Energy (NYSE:BE) Sets New 1-Year High – Still a Buy?

Bloom Energy Corporation (NYSE:BE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $326.99 and last traded at $328.38, with a volume of 10522891 shares traded. The stock had previously closed at $284.99.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Zacks highlighted Bloom Energy’s onsite clean-power platform as a key benefit for customers facing grid limitations, reinforcing the company’s growth opportunity in mission-critical and AI-related power demand. Can Bloom Energy Continue to Benefit From Onsite Power Generation?
• Positive Sentiment: Analysts and commentators continue to point to Bloom Energy as a beneficiary of AI data-center buildout because its solid oxide fuel cells can be deployed quickly for reliable behind-the-meter power. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Sanford C. Bernstein upgraded Bloom Energy to “hold,” which is slightly more constructive than a weaker stance, but the firm’s $276 target was still below the stock’s recent trading levels, limiting the bullish impact. Zacks.com
• Negative Sentiment: Multiple insiders sold shares on June 16, including the CAO and several executives; the company said the sales were for tax withholding tied to equity vesting, but insider selling can still pressure sentiment. SEC filing reference

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BE shares. Barclays raised their target price on shares of Bloom Energy to $254.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Roth Mkm set a $225.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of Bloom Energy in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Finally, Mizuho set a $285.00 price objective on shares of Bloom Energy in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.14.

Bloom Energy Stock Performance

The company has a market cap of $93.40 billion, a PE ratio of -6,566.29 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The stock’s 50-day simple moving average is $254.92 and its 200 day simple moving average is $175.55.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Transactions at Bloom Energy

In other news, CAO Maciej Kurzymski sold 2,259 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the completion of the transaction, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at approximately $22,998,973.32. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 230,274 shares of company stock valued at $58,696,472 over the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bayforest Capital Ltd acquired a new stake in Bloom Energy in the first quarter valued at $2,055,000. AQR Capital Management LLC acquired a new position in shares of Bloom Energy during the 1st quarter worth $1,820,000. NewEdge Advisors LLC grew its stake in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Bloom Energy by 30.7% in the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after purchasing an additional 4,716 shares in the last quarter. Hedge funds and other 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.