Bloom Energy (NYSE:BE) Trading 2.6% Higher on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE)’s share price was up 2.6% during mid-day trading on Tuesday after Sanford C. Bernstein upgraded the stock to a hold rating. The stock traded as high as $297.97 and last traded at $281.6020. Approximately 11,229,469 shares were traded during trading, an increase of 1% from the average session volume of 11,068,038 shares. The stock had previously closed at $274.50.

BE has been the topic of several other research reports. TD Cowen increased their target price on Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. UBS Group increased their price objective on Bloom Energy to $251.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $335.00 target price on shares of Bloom Energy in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.14.

Insider Activity

In related news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the completion of the transaction, the insider owned 132,265 shares of the company’s stock, valued at $38,175,646.95. This represents a 2.10% 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 230,274 shares of company stock worth $58,696,472 over the last three months. Company insiders own 3.00% of the company’s stock.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for onsite power generation, with its behind-the-meter solid oxide fuel cell platform helping customers bypass grid constraints and secure reliable, predictable electricity for mission-critical facilities. Bull of the Day: Bloom Energy (BE)
• Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy (BE) to hold, which is helping support sentiment by signaling a more constructive view from Wall Street. Zacks.com
• Neutral Sentiment: Recent coverage continues to frame Bloom Energy as a key clean-power supplier for AI data centers and other high-demand customers, keeping the stock in focus after a strong run. Can Bloom Energy Continue to Benefit From Onsite Power Generation?
• Negative Sentiment: Several insiders, including CAO Maciej Kurzymski, Shawn Marie Soderberg, Satish Chitoori, and Aman Joshi, sold shares this week. The company said these sales were tied to tax withholding from equity awards, but insider selling can still create near-term pressure on investor sentiment.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new position in Bloom Energy during the first quarter worth approximately $1,353,000. Rathbones Group PLC acquired a new stake in shares of Bloom Energy in the first quarter valued at approximately $231,000. DV Trading LLC boosted its holdings in shares of Bloom Energy by 717.8% in the first quarter. DV Trading LLC now owns 1,701 shares of the company’s stock valued at $230,000 after acquiring an additional 1,493 shares during the period. Parallel Advisors LLC grew its position in shares of Bloom Energy by 30.3% during the first quarter. Parallel Advisors LLC now owns 5,523 shares of the company’s stock worth $748,000 after acquiring an additional 1,284 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Bloom Energy by 17.1% during the first quarter. NewEdge Advisors LLC now owns 31,396 shares of the company’s stock worth $4,254,000 after acquiring an additional 4,580 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 15.2%

The business’s fifty day moving average price is $254.92 and its 200 day moving average price is $175.55. The firm has a market capitalization of $93.40 billion, a price-to-earnings ratio of -6,566.29 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the business earned $0.03 EPS. Bloom Energy’s quarterly revenue 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. On average, equities analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current year.

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.