Royal Bank Of Canada Reaffirms Outperform Rating for Bloom Energy (NYSE:BE)

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Monday, MarketBeat.com reports. They presently have a $335.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 27.43% from the company’s current price.

Several other analysts have also weighed in on the stock. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. TD Cowen reaffirmed a “hold” rating and set a $235.00 price objective on shares of Bloom Energy in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Finally, Mizuho lifted their target price on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.14.

Bloom Energy Stock Down 8.9%

NYSE:BE traded down $25.81 during mid-day trading on Monday, reaching $262.89. The stock had a trading volume of 15,515,874 shares, compared to its average volume of 12,957,940. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The company has a market capitalization of $77.43 billion, a price-to-earnings ratio of 350.52, a price-to-earnings-growth ratio of 3.69 and a beta of 3.80. Bloom Energy has a 1-year low of $70.89 and a 1-year high of $351.28. The stock’s 50 day simple moving average is $230.54 and its two-hundred day simple moving average is $234.21.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. During the same quarter last year, the business posted $0.10 EPS. Bloom Energy’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities analysts anticipate that Bloom Energy will post 2.06 EPS for the current year.

Insider Activity

In other Bloom Energy news, insider Shawn Soderberg sold 2,895 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the transaction, the insider directly owned 129,370 shares of the company’s stock, valued at $30,220,832. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,604 shares of company stock worth $21,948,262 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BE. QRG Capital Management Inc. grew its stake in shares of Bloom Energy by 107.0% in the second quarter. QRG Capital Management Inc. now owns 27,250 shares of the company’s stock worth $8,248,000 after purchasing an additional 14,087 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Bloom Energy in the second quarter worth about $620,000. Silicon Valley Capital Partners grew its position in Bloom Energy by 107.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 2,070 shares of the company’s stock valued at $627,000 after buying an additional 1,070 shares in the last quarter. IKE Capital LLC acquired a new position in Bloom Energy during the 2nd quarter valued at about $2,952,000. Finally, Sequoia Financial Advisors LLC increased its stake in Bloom Energy by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,150 shares of the company’s stock valued at $1,862,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Analyst support remains strong: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying meaningful upside from recent levels. Royal Bank of Canada rating update
• Positive Sentiment: AI power demand is supporting the investment case: Bloom is increasingly viewed as an AI infrastructure provider because its fuel-cell systems can help data centers address electricity shortages. Reports also point to growing data-center orders, strong revenue growth and potential catalysts ahead of third-quarter earnings. Bloom Energy data center orders
• Neutral Sentiment: Philadelphia 76ers sponsorship increases visibility: Bloom became the team’s new jersey-patch sponsor. The agreement may improve brand awareness but is unlikely to materially affect near-term financial results. Bloom Energy 76ers sponsorship
• Negative Sentiment: Fuel-cell stocks are undergoing a pullback: Bloom led declines across the sector as a steep prior rally unwound, suggesting profit-taking and reduced risk appetite rather than a clearly identified deterioration in operations. Fuel-cell sector pullback
• Negative Sentiment: Valuation and legal risks are weighing on sentiment: Bloom’s roughly $77 billion market capitalization and very high P/E ratio leave the stock vulnerable to disappointment. Multiple law firms are soliciting investors for a securities class action alleging investor harm, with the lead-plaintiff deadline on September 28. Bloom Energy class action

Bloom Energy Company Profile

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.