Bloom Energy (NYSE:BE) Earns “Outperform” Rating from Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a note issued to investors on Monday, Benzinga reports. They presently have a $335.00 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 27.43% from the company’s current price.

BE has been the topic of several other research reports. BTIG Research reaffirmed a “buy” rating and issued a $295.00 price objective on shares of Bloom Energy in a research report on Wednesday, July 29th. Roth Capital lifted their price objective on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.14.

Bloom Energy Stock Down 8.9%

Shares of NYSE BE traded down $25.81 during mid-day trading on Monday, reaching $262.89. 15,484,181 shares of the company’s stock traded hands, compared to its average volume of 12,957,588. The stock has a market cap of $77.43 billion, a P/E ratio of 350.52, a PEG ratio of 3.69 and a beta of 3.80. The business has a 50-day simple moving average of $230.54 and a 200 day simple moving average of $234.21. Bloom Energy has a 1-year low of $70.89 and a 1-year high of $351.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period last year, the firm earned $0.10 earnings per share. The firm’s revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, analysts expect that Bloom Energy will post 2.06 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In related news, insider Shawn Soderberg sold 2,870 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares in the company, valued at $34,163,855. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 3,601 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $269.94, for a total transaction of $972,053.94. Following the sale, the insider owned 155,529 shares of the company’s stock, valued at $41,983,498.26. This represents a 2.26% decrease in their ownership of the stock. 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. Insiders sold a total of 89,604 shares of company stock worth $21,948,262 over the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. grew its position in Bloom Energy by 107.0% during the 2nd quarter. QRG Capital Management Inc. now owns 27,250 shares of the company’s stock valued at $8,248,000 after purchasing an additional 14,087 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Bloom Energy in the 2nd quarter worth approximately $620,000. Silicon Valley Capital Partners lifted its stake in shares of Bloom Energy by 107.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 2,070 shares of the company’s stock worth $627,000 after purchasing an additional 1,070 shares during the period. IKE Capital LLC bought a new stake in Bloom Energy during the 2nd quarter worth approximately $2,952,000. Finally, Sequoia Financial Advisors LLC raised its stake in Bloom Energy by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,150 shares of the company’s stock worth $1,862,000 after acquiring an additional 268 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy remains part of the bullish AI-infrastructure investment theme, with analysts citing strong revenue growth, raised guidance and demand for power to support data centers. These factors could provide a catalyst ahead of third-quarter earnings. 3 More AI Infrastructure Plays Beyond the Big Names
• Positive Sentiment: Oracle’s reaffirmation of a fuel-cell agreement helped reinforce the potential for large technology customers to drive Bloom’s growth. Bloom Energy Stock Jumps After Oracle Reaffirms Fuel Cell Deal
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility but is unlikely to materially affect near-term earnings. 76ers Ink Jersey Patch Deal With Bloom Energy
• Negative Sentiment: The immediate pressure appears primarily technical: fuel-cell stocks are cooling after a steep advance, with Bloom reportedly declining more than peers as the recent run unwinds. Bloom’s elevated valuation and high beta can magnify profit-taking. Bloom Energy Sinks as Sharp Run Unwinds
• Negative Sentiment: Several law firms are promoting an existing securities class action alleging investor harm and securities-law violations. The September 28 lead-plaintiff deadline is increasing the visibility of the litigation, creating a sentiment and potential legal-liability overhang. The allegations have not been proven. Bloom Energy Class Action Notice

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.