Bloom Energy (NYSE:BE) Shares Gap Up on Better-Than-Expected Earnings

Shares of Bloom Energy Corporation (NYSE:BE) gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $166.84, but opened at $183.50. Bloom Energy shares last traded at $171.8950, with a volume of 8,842,458 shares trading hands.

The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter 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.

Bloom Energy News Summary

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

• Positive Sentiment: Record results beat expectations: Second-quarter revenue reached $1.065 billion, up 165.5% year over year and well above the $826 million consensus estimate. Adjusted earnings of $0.78 per share were double the $0.39 expected and rose from $0.10 a year earlier. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Outlook was raised materially: Bloom increased its fiscal 2026 revenue forecast to $3.9 billion-$4.2 billion from $3.4 billion-$3.8 billion previously, above the roughly $3.7 billion analyst consensus. Its EPS guidance of $2.55-$2.85 also exceeds the $1.99 consensus. Management said its order backlog is growing faster than revenue. Bloom Energy Beats Q2 Expectations and Raises Revenue Outlook
• Positive Sentiment: AI power demand is strengthening the growth story: Investors view Bloom as a potential power supplier for constrained AI data-center capacity. An expanded Brookfield Asset Management financing partnership, reportedly rising from $5 billion to $25 billion, could support large-scale deployments. BTIG Research reaffirmed its “buy” rating and set a $295 price target. Bloom Energy Stock Surges After Record Quarter
• Neutral Sentiment: Brokerage sentiment remains mixed, with Bloom Energy carrying an average “hold” rating despite BTIG’s bullish view. Bloom Energy Given Average Hold Rating
• Negative Sentiment: Valuation and volatility remain risks. BE has already delivered a very large multiyear gain, trades far above its 50-day moving average after the recent swings, and some commentary suggests the stock may be fully priced. Its high beta may amplify future pullbacks if AI spending expectations weaken.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BE. Susquehanna upped their price objective on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. BTIG Research reaffirmed a “buy” rating and set a $295.00 target price on shares of Bloom Energy in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Bloom Energy from $267.00 to $346.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Truist Financial began coverage on shares of Bloom Energy in a research report on Monday, July 13th. They set a “hold” rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $252.00.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 2,837 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the sale, the insider directly owned 207,417 shares of the company’s stock, valued at $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 value of $820,286.46. Following the sale, the insider directly owned 132,265 shares of the company’s stock, valued at approximately $38,175,646.95. This represents a 2.10% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 118,617 shares of company stock worth $34,238,909. 3.00% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after buying an additional 269,662 shares during the period. Brooklands Fund Management Ltd acquired a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $347,560,000. Amundi raised its holdings in shares of Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after acquiring an additional 2,511,426 shares during the period. Norges Bank purchased a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $239,683,000. Finally, Jennison Associates LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Trading Up 1.1%

The company’s 50-day moving average is $267.30 and its 200 day moving average is $208.35. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a market cap of $47.97 billion, a PE ratio of -3,372.33 and a beta of 3.73.

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.