Bloom Energy (NYSE:BE) Stock Jumps 13.2% – Still a Buy?

Bloom Energy Corporation (NYSE:BE)’s share price was up 13.2% during trading on Wednesday. The stock traded as high as $217.85 and last traded at $209.9270. 18,179,431 shares changed hands during trading, an increase of 35% from the average daily volume of 13,482,429 shares. The stock had previously closed at $185.42.

Top Bloom Energy Stories

These are some of the BE stories that stood out recently:

• Positive Sentiment: CoreWeave’s strong earnings helped spark a broader rally in power stocks, reinforcing optimism that expanding AI infrastructure will drive demand for Bloom Energy’s on-site power systems. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Recent coverage points to a major AI data-center deal and strong revenue growth, while Bloom’s contracts and backlog are reportedly growing faster than revenue—supporting the longer-term demand case. Bloom Energy lands a major AI data center deal as revenue surges
• Negative Sentiment: Valuation remains a risk after the stock’s sharp multi-year run: one analysis notes shares have risen about 14-fold in three years, while another puts the shares at more than 60 times projected 2026 adjusted EPS. Bloom also recorded negative free cash flow in the third quarter, raising questions about whether future cash generation can support its valuation. Can Bloom Energy Justify Its Price on Future Cash Flow?

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. BTIG Research reduced their target price on shares of Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Sanford C. Bernstein boosted their target price on shares of Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd. BMO Capital Markets downgraded shares of Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 3rd. Finally, Morgan Stanley raised their price target on shares of Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $263.05.

Bloom Energy Stock Up 13.2%

The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. The firm has a fifty day simple moving average of $245.27 and a 200-day simple moving average of $221.40. The company has a market capitalization of $62.07 billion, a PE ratio of 128.79, a P/E/G ratio of 1.96 and a beta of 3.63.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.69 by $0.25. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business’s revenue was up 138.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Equities research analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bloom Energy news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the transaction, the director owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the transaction, the insider owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. The trade was a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 85,859 shares of company stock valued at $20,994,650. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its holdings in shares of Bloom Energy by 20,074.4% during the first 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 boosted its holdings in shares of Bloom Energy by 6.1% in 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 buying an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 583,135 shares during the last quarter. Elemental Capital Partners LLC grew its position in shares of Bloom Energy by 2.5% during the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after buying an additional 25,625 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Bloom Energy during the second quarter worth about $296,413,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.