Bloom Energy (NYSE:BE) Stock Rating Reaffirmed as Outperform by Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a $335.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 27.43% from the stock’s previous close.

A number of other brokerages have also issued reports on BE. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, July 29th. BMO Capital Markets dropped their price objective on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a report on Wednesday, July 29th. Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, UBS Group reaffirmed a “buy” rating and set a $325.00 price target on shares of Bloom Energy in a research report on Monday, September 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given 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 price target of $254.14.

Bloom Energy Stock Down 8.9%

Shares of Bloom Energy stock traded down $25.81 on Monday, reaching $262.89. 15,515,874 shares of the company were exchanged, compared to its average volume of 12,957,940. Bloom Energy has a 1-year low of $70.89 and a 1-year high of $351.28. The company has a market cap of $77.43 billion, a P/E ratio of 350.52, a price-to-earnings-growth ratio of 3.69 and a beta of 3.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock’s 50 day moving average price is $230.54 and its 200-day moving average price is $234.21.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.Bloom Energy’s quarterly revenue was up 165.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts forecast that Bloom Energy will post 2.06 EPS for the current year.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 8,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares in the company, valued at approximately $49,202,708.59. The trade was a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey R. Immelt sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the transaction, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 89,604 shares of company stock worth $21,948,262. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bloom Energy by 78.3% during the second 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 buying an additional 583,135 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy during the fourth quarter valued at $347,560,000. Finally, Bank of America Corp DE lifted its position in Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after buying an additional 126,649 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying substantial upside from recent trading levels. TickerReport article
• Positive Sentiment: Coverage highlighted Bloom Energy as a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Reports point to new data-center power orders, strong revenue growth and improving profitability as key reasons for the stock’s dramatic longer-term gains. Philadelphia Inquirer article
• Positive Sentiment: Market commentary identified Bloom Energy as an AI-infrastructure opportunity with potential catalysts ahead of third-quarter earnings, while Zacks included BE among stocks receiving favorable attention. MarketBeat article
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility, but its direct effect on revenue and near-term valuation is unclear. Sports Business Journal article
• Negative Sentiment: Fuel-cell stocks are cooling after a steep run, creating broader sector profit-taking and technical pressure on BE. The stock’s elevated valuation makes it particularly sensitive to a reversal in momentum. 247WallSt article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit and the deadline for investors to seek lead-plaintiff status. The allegations could weigh on sentiment and create potential legal and reputational risks, though they have not been proven. GlobeNewswire article

About Bloom Energy

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.