Bloom Energy (NYSE:BE) Shares Climb 10.8% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s stock price was up 10.8% on Tuesday. The company traded as high as $302.35 and last traded at $291.1380. Approximately 23,610,923 shares were traded during trading, an increase of 81% from the average session volume of 13,015,439 shares. The stock had previously closed at $262.87.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: RBC Capital Markets maintained its Outperform rating and $335 price target. Analyst Chris Dendrinos said Bloom is positioned for a meaningful recovery in the fourth quarter, citing the company’s new Fremont facility as evidence of strong demand. RBC analyst says Bloom Energy stock is poised for recovery
• Positive Sentiment: Investors are focusing on factory expansion and the potential for rising fuel-cell orders as electricity demand from AI data centers grows. Bloom’s 800-volt DC architecture is also being promoted as a way to reduce infrastructure costs for large data-center projects. Bloom Energy and the power bottleneck
• Positive Sentiment: Oracle’s reported reaffirmation of the Project Jupiter relationship supports the view that Bloom could benefit from AI-related power deployments. The company’s recent record revenue, improving margins, and stronger operating cash flow are reinforcing that investment thesis. Oracle reaffirms Project Jupiter deal
• Positive Sentiment: Jefferies raised its Bloom price target to $264 from $229 while keeping a Hold rating, and Bloom’s recent addition to the S&P 500 may improve institutional visibility and trading liquidity. Jefferies raises Bloom Energy price target
• Neutral Sentiment: The rally is also a sector-wide rebound after heavy selling in fuel-cell stocks, including Plug Power and FuelCell Energy, rather than solely a Bloom-specific development. Fuel-cell selloff reverses
• Negative Sentiment: Oracle’s force majeure notice involving a natural-gas pipeline delay for Project Jupiter highlights execution and timing risks for AI data-center power projects. Oracle force majeure notice and AI build-out risks
• Negative Sentiment: At an elevated valuation, with a reported price-to-earnings ratio near 389, Bloom remains vulnerable to profit-taking, renewed sector volatility, and concerns about whether AI-driven growth can justify its market capitalization. Multiple securities class-action announcements add another investor risk, although they do not establish wrongdoing.

Analyst Ratings Changes

Several brokerages recently commented on BE. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a research note on Monday. Wells Fargo & Company dropped their price target on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on shares of Bloom Energy from $229.00 to $264.00 and gave the stock a “hold” rating in a report on Tuesday. Truist Financial decreased their price objective on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Finally, Mizuho upped their price objective on shares of Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.73.

Bloom Energy Stock Performance

The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The business has a fifty day moving average of $231.84 and a 200 day moving average of $234.98. The company has a market cap of $85.75 billion, a P/E ratio of 388.18, a P/E/G ratio of 3.69 and a beta of 3.80.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates 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 business earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities analysts predict that Bloom Energy Corporation will post 2.06 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction that occurred on Monday, August 17th. The shares were 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 in the company, valued at approximately $48,078,965.13. This trade represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total value of $775,100.90. Following the transaction, the insider owned 126,500 shares of the company’s stock, valued at $34,163,855. The trade was a 2.22% decrease in their position. 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 89,604 shares of company stock valued at $21,948,262 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Montanova Capital LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter valued at about $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bloom Energy by 78.3% during the second 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 buying an additional 583,135 shares during the period. Militia Capital Management LLC purchased a new stake in Bloom Energy during the first quarter valued at approximately $813,000. Norges Bank purchased a new stake in Bloom Energy during the fourth quarter valued at approximately $239,683,000. Finally, Assenagon Asset Management S.A. raised its position in Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after acquiring an additional 233,020 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.