Bloom Energy (NYSE:BE) Issues Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Bloom Energy (NYSE:BE) issued its quarterly earnings data on Tuesday. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39, FiscalAI reports. Bloom Energy had a return on equity of 44.62% and a net margin of 7.87%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy updated its FY 2026 guidance to 2.550-2.850 EPS.

Here are the key takeaways from Bloom Energy’s conference call:

• Record quarterly revenue exceeded $1 billion, reaching $1.065 billion, up 166% year over year, while gross margin expanded to 34.3% and adjusted EBITDA reached $253 million.
• Bloom raised its full-year 2026 outlook to $3.9 billion–$4.2 billion in revenue, $800 million–$900 million in non-GAAP operating income, and $2.55–$2.85 in adjusted diluted EPS.
• Demand from hyperscalers, AI labs, neo-clouds, and data-center operators is accelerating, with Brookfield expanding its financing framework fivefold to $25 billion and other partners bringing total additional commitments to $2.6 billion.
• Management said capacity and supply chain constraints are not currently limiting growth, citing fungible systems, expanded U.S. manufacturing, multiple suppliers, and the ability to deliver on-site power in months rather than years.
• Revenue can remain lumpy and concentrated in individual quarters because large campus deliveries depend on customer readiness; the company also withdrew its formal free-cash-flow guide, although it indicated operating cash flow should exceed $375 million.

Bloom Energy Price Performance

Shares of NYSE BE traded up $41.89 during mid-day trading on Thursday, hitting $205.64. 19,667,818 shares of the stock traded hands, compared to its average volume of 12,249,515. The company has a market cap of $58.49 billion, a PE ratio of 273.31 and a beta of 3.73. Bloom Energy has a twelve month low of $32.52 and a twelve month high of $351.28. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm has a 50 day simple moving average of $264.93 and a two-hundred day simple moving average of $208.65.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial decreased their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a research note on Wednesday. Roth Capital increased their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research report on Wednesday, June 10th. UBS Group reduced their price target on Bloom Energy from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.18.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Record quarterly performance: Bloom Energy reported Q2 revenue of $1.07 billion, up 165.5% year over year, while adjusted EPS of $0.78 substantially exceeded the $0.39 analyst consensus. Product revenue and gross margin also improved, supporting investor confidence. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Higher 2026 outlook: Management raised full-year revenue guidance to $3.9 billion–$4.2 billion and EPS guidance to $2.55–$2.85, both above consensus expectations. The company cited strong demand for onsite power and products used by AI data centers. Bloom Energy Q2 Earnings Beat Estimates, View Up
• Positive Sentiment: Financing and customer momentum: An expanded Brookfield partnership, reported at up to $25 billion, could help finance fuel-cell deployments for large data centers. Bullish analysts continue to view Bloom as a potential beneficiary of the AI infrastructure buildout; Mizuho upgraded the shares to “outperform,” while Clear Street and Zacks Research moved to “strong buy.”
• Neutral Sentiment: Mixed Wall Street view: JPMorgan retained an “overweight” rating and a $314 target, while BTIG reaffirmed “buy” with a $295 target. However, both JPMorgan and BMO reduced their targets, reflecting more cautious valuation assumptions after the stock’s substantial prior run.
• Negative Sentiment: Target cut and speculative unwind: Wells Fargo lowered its target to $176 from $217 and assigned an “equal weight” rating, implying downside from recent levels. Recent selling has also been attributed to profit-taking, retreating retail/Reddit interest and concerns that Bloom’s valuation remains stretched despite the earnings beat.

Insiders Place Their Bets

In other news, CAO Maciej Kurzymski sold 6,229 shares of Bloom Energy stock in a transaction dated 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 of the company’s stock, valued at approximately $24,039,385.20. This trade represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction dated 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 approximately $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 118,617 shares of company stock worth $34,238,909. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BE. Amundi grew its holdings in Bloom Energy by 390.7% during the 4th quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after acquiring an additional 2,511,426 shares during the last quarter. Man Group plc raised its stake in shares of Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after acquiring an additional 1,530,167 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Bloom Energy in the third quarter valued at $98,444,000. Franklin Resources Inc. increased its holdings in Bloom Energy by 707.7% in the third quarter. Franklin Resources Inc. now owns 1,321,120 shares of the company’s stock valued at $111,665,000 after purchasing an additional 1,157,551 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Bloom Energy by 3,818.7% in the fourth quarter. Corient Private Wealth LLC now owns 894,797 shares of the company’s stock valued at $77,749,000 after purchasing an additional 871,963 shares during the period. 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.