Bloom Energy’s (BE) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Monday, Benzinga reports. They presently have a $335.00 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 27.43% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $310.00 price target on shares of Bloom Energy in a research report on Thursday, July 9th. Sanford C. Bernstein restated a “market perform” rating and issued a $282.00 price objective on shares of Bloom Energy in a report on Thursday, August 27th. Finally, Barclays increased their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.14.

Bloom Energy Stock Down 8.9%

NYSE:BE traded down $25.81 during trading hours on Monday, hitting $262.89. 15,465,482 shares of the company’s stock traded hands, compared to its average volume of 12,951,518. Bloom Energy has a twelve month low of $70.89 and a twelve month high of $351.28. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a market cap of $77.43 billion, a P/E ratio of 350.52, a P/E/G ratio of 3.69 and a beta of 3.80. The stock’s fifty day moving average price is $230.54 and its two-hundred day moving average price is $234.21.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company’s revenue was up 165.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, research analysts expect that Bloom Energy will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Aman Joshi sold 8,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider owned 163,807 shares in the company, valued at approximately $49,202,708.59. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Chambers sold 15,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the transaction, the director directly owned 208,333 shares in the company, valued at approximately $52,083,250. This represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,604 shares of company stock valued at $21,948,262 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Bloom Energy

Several hedge funds and other institutional investors have recently bought and sold shares of BE. Geode Capital Management LLC grew its holdings in shares of Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after acquiring an additional 269,662 shares during the period. Brooklands Fund Management Ltd bought a new position in Bloom Energy in the fourth quarter worth approximately $347,560,000. Norges Bank bought a new stake in shares of Bloom Energy during the 4th quarter valued at $239,683,000. Jennison Associates LLC increased its holdings in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after buying an additional 126,649 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy remains part of the bullish AI-infrastructure investment theme, with analysts citing strong revenue growth, raised guidance and demand for power to support data centers. These factors could provide a catalyst ahead of third-quarter earnings. 3 More AI Infrastructure Plays Beyond the Big Names
• Positive Sentiment: Oracle’s reaffirmation of a fuel-cell agreement helped reinforce the potential for large technology customers to drive Bloom’s growth. Bloom Energy Stock Jumps After Oracle Reaffirms Fuel Cell Deal
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility but is unlikely to materially affect near-term earnings. 76ers Ink Jersey Patch Deal With Bloom Energy
• Negative Sentiment: The immediate pressure appears primarily technical: fuel-cell stocks are cooling after a steep advance, with Bloom reportedly declining more than peers as the recent run unwinds. Bloom’s elevated valuation and high beta can magnify profit-taking. Bloom Energy Sinks as Sharp Run Unwinds
• Negative Sentiment: Several law firms are promoting an existing securities class action alleging investor harm and securities-law violations. The September 28 lead-plaintiff deadline is increasing the visibility of the litigation, creating a sentiment and potential legal-liability overhang. The allegations have not been proven. Bloom Energy Class Action Notice

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.