Bloom Energy (NYSE:BE) Shares Climb 3.4% After Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) was up 3.4% during mid-day trading on Tuesday after TD Cowen upgraded the stock to a hold rating. The company traded as high as $300.80 and last traded at $296.2990. 12,276,574 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 12,986,633 shares. The stock had previously closed at $286.65.

Other equities research analysts also recently issued reports about the company. Evercore reissued an “outperform” rating on shares of Bloom Energy in a report on Friday, August 7th. Clear Str raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BMO Capital Markets reduced their price target on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird restated an “outperform” rating and issued a $310.00 price objective on shares of Bloom Energy in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.18.

Insider Buying and Selling

In related news, insider Aman Joshi sold 8,437 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares of the company’s stock, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is currently owned by insiders.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: TD Cowen upgraded Bloom Energy’s rating to “Hold,” an improvement in its stance that provides some support for the stock after its substantial rally. Bloom Energy Stock Rating Upgraded by TD Cowen
• Positive Sentiment: Bloom’s second-quarter results were considerably stronger than expected. The company reported adjusted EPS of $0.78 versus the $0.39 consensus estimate and revenue of $1.07 billion versus expectations of roughly $826 million. Revenue increased 165.5% year over year, reinforcing optimism about demand and operating leverage. Bloom Energy Q2 Earnings
• Positive Sentiment: Expansion of Bloom’s manufacturing capacity is being viewed as preparation for rising demand, particularly from data centers and other customers seeking reliable, on-site power. Bloom Energy Expands Manufacturing Capacity
• Positive Sentiment: Bloom’s claim that its fuel cells could reduce construction costs for a 1-gigawatt AI data center by approximately $3.6 billion, or 27%, is strengthening the company’s AI infrastructure investment case. Bloom Energy AI Data Center Savings
• Neutral Sentiment: Bloom Energy also benefited from broader fuel-cell-sector interest after Fit Energy announced plans to power a Pennsylvania data center with fuel cells. The move offers sector validation, but the plan directly benefits FuelCell Energy more than Bloom. FuelCell Energy and Bloom Energy Data Center Reaction
• Negative Sentiment: Despite the positive outlook, Bloom trades at a very demanding valuation—approximately 398 times earnings in the supplied market data. Some analysts therefore view the shares as vulnerable if data-center contracts, profitability or growth fail to meet elevated expectations. Bloom Energy Valuation Concerns

Institutional Trading of Bloom Energy

Several hedge funds and other institutional investors have recently made changes to their positions in BE. Eleva Capital SAS acquired a new position in shares of Bloom Energy during the third quarter worth about $1,053,000. Central Pacific Bank Trust Division lifted its position in Bloom Energy by 46.0% in the third quarter. Central Pacific Bank Trust Division now owns 4,857 shares of the company’s stock valued at $1,345,000 after purchasing an additional 1,531 shares during the period. Eastern Bank increased its position in Bloom Energy by 157.7% during the 3rd quarter. Eastern Bank now owns 2,165 shares of the company’s stock worth $600,000 after purchasing an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after buying an additional 43 shares in the last quarter. Finally, GoalVest Advisory LLC raised its stake in shares of Bloom Energy by 13,843.2% during the 3rd quarter. GoalVest Advisory LLC now owns 18,405 shares of the company’s stock worth $54,000 after buying an additional 18,273 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 3.4%

The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a fifty day moving average price of $239.54 and a 200 day moving average price of $239.48. The firm has a market capitalization of $87.27 billion, a price-to-earnings ratio of 395.07, a PEG ratio of 3.70 and a beta of 3.77.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

About Bloom Energy

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.