Bloom Energy (NYSE:BE) Trading 1.1% Higher – Still a Buy?

Shares of Bloom Energy Corporation (NYSE:BE) were up 1.1% during mid-day trading on Tuesday . The stock traded as high as $268.58 and last traded at $261.5730. Approximately 8,426,705 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 11,180,736 shares. The stock had previously closed at $258.71.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy announced a long-term partnership with Nebius to provide fuel-cell power for U.S. data centers, creating a potentially meaningful revenue opportunity and highlighting demand for its technology. Bloom Energy rises 2% after partnering with European AI infrastructure upstart in $2.6 billion deal
• Positive Sentiment: Bloom Energy’s role in solving AI data-center power constraints is drawing more bullish attention, with multiple reports calling the company a key AI infrastructure winner and helping drive momentum in the stock. Nebius Stock Is Rising. A Partnership With Bloom Energy Solves This AI Dilemma.
• Neutral Sentiment: Analyst and market commentary remains mixed, with some notes arguing the rally may be getting ahead of fundamentals even as BE continues to benefit from AI-related enthusiasm. Bloom Energy’s Rally May Have Pushed the Stock Too Far
• Neutral Sentiment: Unusual options activity showed a jump in put volume, suggesting some traders are hedging or betting on a pullback after the stock’s strong run.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BE. Royal Bank Of Canada boosted their target price on shares of Bloom Energy to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a report on Tuesday, April 14th. Robert W. Baird upped their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup increased their target price on Bloom Energy to $281.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, China Renaissance started coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.48.

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 stock has a market cap of $87.46 billion, a P/E ratio of -6,148.11 and a beta of 3.82. The business’s 50-day moving average price is $204.10 and its 200-day moving average price is $153.68.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same period last year, the firm earned $0.03 EPS. Bloom Energy’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bloom Energy news, insider Aman Joshi sold 4,813 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the sale, the insider owned 175,708 shares in the company, valued at approximately $50,639,045.60. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. The trade was a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 525,271 shares of company stock worth $99,167,479 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors have recently bought and sold shares of BE. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy in the third quarter worth about $402,494,000. Brooklands Fund Management Ltd purchased a new position in Bloom Energy in the 4th quarter worth approximately $347,560,000. Trivest Advisors Ltd boosted its stake in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Norges Bank bought a new position in Bloom Energy in the 4th quarter worth approximately $239,683,000. Finally, Jennison Associates LLC grew its holdings in Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.