Bloom Energy (NYSE:BE) Trading 2.4% Higher – Still a Buy?

Bloom Energy Corporation (NYSE:BE) traded up 2.4% during mid-day trading on Tuesday . The stock traded as high as $280.74 and last traded at $259.6370. 16,005,491 shares were traded during mid-day trading, an increase of 44% from the average session volume of 11,104,729 shares. The stock had previously closed at $253.57.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy’s AI/data-center power story is getting renewed attention, with CEO KR Sridhar highlighting the need for on-site generation as electricity demand from AI facilities rises. KR Sridhar on the Growing Energy Demands of AI Data Centers
• Positive Sentiment: Bloom Energy is being viewed as a leading renewable-energy and distributed-power name, with an article calling it one of the best performers in the sector after its latest earnings update. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
• Positive Sentiment: Shares are benefiting from a broader move back into high-beta winners after a sharp run-up sparked valuation concerns, suggesting traders are still willing to buy the AI power theme on dips. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
• Neutral Sentiment: Bloom Energy remains a market favorite, but some recent articles note the stock has already fallen from a recent peak and that expectations are becoming more demanding after its big rally. Is Bloom Energy Impossible to Ignore Right Now? Here’s What Smart Investors Should Know.
• Negative Sentiment: At least one analyst note on Bloom Energy turned cautious, downgrading the stock to hold on concerns that the AI enthusiasm may be running ahead of fundamentals. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird raised their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup restated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Wednesday. Finally, Susquehanna raised their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Trading Up 6.6%

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 firm has a 50 day simple moving average of $241.36 and a two-hundred day simple moving average of $169.44. The firm has a market capitalization of $70.99 billion, a P/E ratio of -4,990.74 and a beta of 3.73.

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

Insider Activity at Bloom Energy

In other news, CAO Maciej Kurzymski sold 6,229 shares of Bloom Energy stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. The trade was a 7.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the sale, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 323,777 shares of company stock worth $71,485,514. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Hedge funds have recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $1,825,000. Strs Ohio raised its stake in Bloom Energy by 24.8% in the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after acquiring an additional 8,200 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in Bloom Energy in the 3rd quarter valued at about $1,985,000. Fortem Financial Group LLC bought a new stake in Bloom Energy in the 4th quarter valued at about $369,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in Bloom Energy in the 3rd quarter valued at about $1,691,000. 77.04% of the stock is currently owned by institutional investors.

About Bloom Energy

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.