Bloom Energy (NYSE:BE) Trading Up 26.5% After Analyst Upgrade

Shares of Bloom Energy Corporation (NYSE:BE) were up 26.5% on Thursday after Mizuho upgraded the stock from a neutral rating to an outperform rating. Mizuho now has a $242.00 price target on the stock, down from their previous price target of $285.00. Bloom Energy traded as high as $215.74 and last traded at $207.1940. 34,196,676 shares traded hands during mid-day trading, an increase of 177% from the average session volume of 12,366,294 shares. The stock had previously closed at $163.75.

BE has been the topic of a number of other research reports. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial reduced their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a research report on Wednesday. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Clear Str raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Barclays upped their price objective on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.18.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 8,343 shares of Bloom Energy 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. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Maciej Kurzymski sold 6,229 shares of Bloom Energy stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the transaction, the chief accounting officer owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 118,617 shares of company stock worth $34,238,909. 3.00% of the stock is currently owned by company insiders.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Record quarterly results: Second-quarter revenue rose 165.5% year over year to $1.07 billion, surpassing the $826 million consensus estimate. Adjusted EPS of $0.78 was double the $0.39 analyst forecast and up from $0.10 a year earlier. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Higher full-year guidance: Bloom raised 2026 revenue guidance to $3.9 billion-$4.2 billion from $3.4 billion-$3.8 billion previously, above the roughly $3.7 billion consensus. EPS guidance of $2.55-$2.85 also exceeded the prior analyst estimate of $1.99. Bloom Energy Q2 Earnings Beat Estimates on Product Growth, View Up
• Positive Sentiment: AI data-center demand is driving optimism: Management cited strong product growth, onsite-power demand and expanding AI infrastructure opportunities. An expanded Brookfield financing partnership, with a potential $25 billion backstop, could support large customer deployments and future growth. Why Bloom Energy May Be the Most Important AI Infrastructure Stock
• Positive Sentiment: Upgrades added support: Mizuho raised Bloom’s rating to “outperform” with a $242 price target, while Clear Street and Zacks Research upgraded the shares to “strong buy.”
• Neutral Sentiment: Analyst views remain mixed: JPMorgan maintained an “overweight” rating but reduced its target to $314, while BMO cut its target to $227 and retained “market perform.” Wells Fargo lowered its target to $176 and kept an “equal weight” rating.
• Negative Sentiment: Valuation and volatility remain risks: Despite the rebound, BE has recently experienced substantial losses and trades at a high valuation, with a reported price-to-earnings ratio near 279 and beta of 3.73. Profit-taking and skepticism following the stock’s earlier rally could produce continued volatility.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. grew its position in Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after buying an additional 37 shares during the period. Bogart Wealth LLC increased its holdings in Bloom Energy by 725.0% in the second quarter. Bogart Wealth LLC now owns 132 shares of the company’s stock valued at $40,000 after buying an additional 116 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of Bloom Energy in the second quarter worth about $54,000. Finally, Blue Trust Inc. boosted its stake in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

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 market capitalization of $58.93 billion, a PE ratio of 276.26 and a beta of 3.73. The firm’s 50 day moving average price is $264.93 and its 200-day moving average price is $208.65.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 44.62% and a net margin of 7.87%.Bloom Energy’s revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, research analysts expect that Bloom Energy Corporation will post 1.43 EPS for the current year.

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.