Royal Bank Of Canada Reaffirms “Outperform” Rating for Bloom Energy (NYSE:BE)

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating reaffirmed by 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 points to a potential upside of 27.43% from the company’s previous close.

A number of other research analysts have also recently issued reports on BE. JPMorgan Chase & Co. dropped their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating and set a $325.00 target price on shares of Bloom Energy in a research report on Monday, September 7th. Citigroup restated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Finally, Mizuho boosted their target price on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy has an average rating of “Moderate Buy” and an average price target of $254.14.

Bloom Energy Price Performance

Shares of Bloom Energy stock traded down $25.81 during midday trading on Monday, hitting $262.89. 15,506,819 shares of the company were exchanged, compared to its average volume of 12,957,760. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The firm 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. Bloom Energy has a 52 week low of $70.89 and a 52 week high of $351.28. The firm has a 50 day simple moving average of $230.54 and a 200-day simple moving average of $234.21.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same quarter last year, the company earned $0.10 EPS. Bloom Energy’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. Research analysts forecast that Bloom Energy will post 2.06 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In related news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the transaction, the director directly owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Chambers sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the transaction, the director directly owned 208,333 shares of the company’s stock, valued at $52,083,250. This trade represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,604 shares of company stock valued at $21,948,262 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. raised its stake in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after acquiring an additional 37 shares during the period. Compound Planning Inc. boosted its stake in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares during the period. Carolina Wealth Advisors LLC boosted its stake in Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the period. Blue Trust Inc. boosted its stake in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Finally, Odyssean LLC boosted its stake in Bloom Energy by 1.8% in the 2nd quarter. Odyssean LLC now owns 2,926 shares of the company’s stock valued at $886,000 after purchasing an additional 51 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Key Bloom Energy News

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying substantial upside from recent trading levels. TickerReport article
• Positive Sentiment: Coverage highlighted Bloom Energy as a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Reports point to new data-center power orders, strong revenue growth and improving profitability as key reasons for the stock’s dramatic longer-term gains. Philadelphia Inquirer article
• Positive Sentiment: Market commentary identified Bloom Energy as an AI-infrastructure opportunity with potential catalysts ahead of third-quarter earnings, while Zacks included BE among stocks receiving favorable attention. MarketBeat article
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility, but its direct effect on revenue and near-term valuation is unclear. Sports Business Journal article
• Negative Sentiment: Fuel-cell stocks are cooling after a steep run, creating broader sector profit-taking and technical pressure on BE. The stock’s elevated valuation makes it particularly sensitive to a reversal in momentum. 247WallSt article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit and the deadline for investors to seek lead-plaintiff status. The allegations could weigh on sentiment and create potential legal and reputational risks, though they have not been proven. GlobeNewswire article

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.