Bloom Energy (NYSE:BE) Price Target Raised to $240.00

Bloom Energy (NYSE:BE) had its target price raised by Truist Financial from $218.00 to $240.00 in a report issued on Friday morning, MarketBeat.com reports. Truist Financial currently has a hold rating on the stock.

BE has been the topic of several other reports. Robert W. Baird increased their price target on Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday. Roth Capital restated a “neutral” rating and issued a $260.00 price target on shares of Bloom Energy in a research note on Tuesday, October 13th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Finally, Wells Fargo & Company reduced their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.05.

Bloom Energy Stock Performance

Shares of BE stock opened at $221.61 on Friday. The company has a 50 day moving average price of $249.30 and a 200-day moving average price of $246.99. Bloom Energy has a 52 week low of $75.70 and a 52 week high of $351.28. The firm has a market capitalization of $65.27 billion, a PE ratio of 295.48, a P/E/G ratio of 2.86 and a beta of 3.77. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE) last released its quarterly earnings data 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 analysts’ expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm’s quarterly revenue was up 165.5% on a year-over-year basis. 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. As a group, equities research analysts expect that Bloom Energy will post 2.04 earnings per share for the current year.

Insider Activity at Bloom Energy

In other Bloom Energy news, Director John Chambers sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 208,333 shares of the company’s stock, valued at approximately $52,083,250. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 89,698 shares of company stock valued at $21,780,758 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the period. Bank of America Corp DE increased its holdings in shares of Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after purchasing an additional 126,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Elemental Capital Partners LLC lifted its stake in shares of Bloom Energy by 2.5% in the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after purchasing an additional 25,625 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Bloom Energy during the second quarter worth $296,413,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Robert W. Baird raised its price target for Bloom Energy (BE) to $351 from $310 and maintained an “outperform” rating, signaling substantial potential upside if the company delivers on its AI-power growth opportunity. Benzinga report on Bloom Energy analyst activity
• Positive Sentiment: Truist lifted its price target to $240 from $218, although it retained a “hold” rating. Morgan Stanley also initiated or reiterated a “buy” view, providing additional institutional support. Morgan Stanley gives Bloom Energy a buy rating
• Positive Sentiment: Coverage continues to highlight Bloom’s solid-oxide fuel cells as a potential solution to electricity bottlenecks at AI data centers. The company’s Oracle-related AI-campus opportunity and projected 2026 revenue of $3.9 billion to $4.2 billion support the longer-term growth narrative. Bloom Energy Oracle AI campus coverage
• Neutral Sentiment: Bloom Energy’s $10,000 donations to firefighter and public-safety organizations in Texas and Florida enhance its community profile but are not expected to materially affect financial results or the stock. Bloom Energy supports Central Texas first responders
• Negative Sentiment: The recent AI-power rally is unwinding as investors question whether data-center construction and electricity demand can justify the sector’s valuations. Bloom has risen sharply this year, increasing profit-taking and pullback risk. Barron’s analysis of Bloom Energy’s decline
• Negative Sentiment: Bloom trades at a very demanding valuation, while coverage ahead of earnings says the company may lack the usual indicators associated with a likely earnings beat. Investors are focused on backlog, guidance and whether strong prior revenue growth can continue. Zacks earnings preview for Bloom Energy

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.