Bloom Energy’s (BE) Outperform Rating Reiterated at Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a report released on Monday, Benzinga reports. They currently have a $335.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 27.43% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group reissued a “buy” rating and issued a $325.00 target price on shares of Bloom Energy in a research note on Monday, September 7th. Roth Capital upped their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Barclays lifted their target price on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average target price of $254.14.

Bloom Energy Stock Performance

NYSE:BE traded down $25.81 during trading hours on Monday, reaching $262.89. The stock had a trading volume of 15,465,482 shares, compared to its average volume of 12,951,518. The stock has a market cap of $77.43 billion, a P/E ratio of 350.52, a price-to-earnings-growth ratio of 3.69 and a beta of 3.80. The stock has a 50 day simple moving average of $230.54 and a 200 day simple moving average of $234.21. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy has a 12-month low of $70.89 and a 12-month high of $351.28.

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

Insider Buying and Selling

In related news, CAO Maciej Kurzymski sold 2,295 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total transaction of $616,023.90. Following the sale, the chief accounting officer directly owned 77,391 shares of the company’s stock, valued at $20,773,292.22. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the sale, the insider owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,604 shares of company stock valued at $21,948,262 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Bloom Energy

A number of large investors have recently made changes to their positions in BE. Geode Capital Management LLC increased its holdings in shares of Bloom Energy by 5.4% during the 4th 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 purchasing an additional 583,135 shares in the last quarter. Jennison Associates LLC increased its position 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 acquiring an additional 2,673,710 shares during the last quarter. Brooklands Fund Management Ltd acquired a new position in shares of Bloom Energy in the 4th quarter valued at approximately $347,560,000. Finally, Bank of America Corp DE raised its holdings in Bloom Energy by 6.1% in the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after acquiring an additional 126,649 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy News Roundup

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.