Bloom Energy (NYSE:BE) Shares Climb 3.5% – Here’s What Happened

Shares of Bloom Energy Corporation (NYSE:BE) traded up 3.5% on Friday. The stock traded as high as $186.33 and last traded at $173.3510. 23,000,262 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 13,436,388 shares. The stock had previously closed at $167.52.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy and NTT DATA agreed to deploy 900 megawatts of onsite power across multiple data-center projects worldwide, reinforcing potential demand for Bloom’s fuel-cell systems. NTT DATA agreement with Bloom Energy
• Positive Sentiment: The company’s recent fundamentals have been strong: quarterly revenue grew 138% year over year, earnings beat estimates, and Bloom raised its full-year revenue outlook. This provides a counterpoint to the recent market-driven selling. Bloom Energy raises full-year outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares, about 6% of her holdings. The sale may draw investor attention, though she retained a substantial stake. Bloom Energy director share sale
• Negative Sentiment: The main overhang is concern that election-related policy or regulatory shifts could slow AI data-center construction—and the associated demand for power. That uncertainty has pressured Bloom and other AI-linked stocks, even with the NTT DATA deal in place. Bloom Energy and AI power stock concerns
• Negative Sentiment: Friday’s recovery follows a sharp selloff, so the bounce may reflect technical support and a broader sector rebound rather than an easing of concerns about data-center growth. BE’s high valuation could also make it sensitive to changes in investor expectations. Bloom Energy rally and technical support

Analyst Ratings Changes

BE has been the topic of several analyst reports. 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, October 23rd. Robert W. Baird boosted their price objective on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Mizuho raised their price objective on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. KeyCorp reiterated a “sector weight” rating on shares of Bloom Energy in a report on Friday, October 23rd. Finally, Sanford C. Bernstein increased their target price on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $263.05.

Bloom Energy Stock Performance

The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33. The firm has a market cap of $51.25 billion, a PE ratio of 106.35, a P/E/G ratio of 2.02 and a beta of 3.63. The stock’s 50 day moving average price is $246.89 and its 200 day moving average price is $220.87.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 138.1% on a year-over-year basis. As a group, equities analysts forecast that Bloom Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Satish Chitoori sold 2,870 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider directly owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Barbara J. Burger sold 2,333 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $215.05, for a total value of $501,711.65. Following the completion of the transaction, the director owned 36,607 shares of the company’s stock, valued at approximately $7,872,335.35. This represents a 5.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 85,859 shares of company stock valued at $20,994,650. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Bloom Energy by 27.9% during the third quarter. Allworth Financial LP now owns 3,207 shares of the company’s stock worth $971,000 after acquiring an additional 700 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Bloom Energy by 1.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 289,649 shares of the company’s stock worth $80,709,000 after purchasing an additional 4,152 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its position in shares of Bloom Energy by 3.0% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 26,583 shares of the company’s stock valued at $7,378,000 after purchasing an additional 781 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its stake in shares of Bloom Energy by 22.8% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 1,755 shares of the company’s stock valued at $486,000 after buying an additional 326 shares during the last quarter. Finally, Nikulski Financial Inc. grew its position in shares of Bloom Energy by 6.4% during the third quarter. Nikulski Financial Inc. now owns 6,683 shares of the company’s stock worth $1,851,000 after buying an additional 401 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

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.