Bloom Energy (NYSE:BE) Price Target Raised to $240.00

Bloom Energy (NYSE:BE) had its price target boosted by Truist Financial from $218.00 to $240.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 1.38% from the stock’s current price.

A number of other research firms also recently commented on BE. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Susquehanna lifted their target price on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research report on Friday, July 10th. Wells Fargo & Company dropped their target price on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Jefferies Financial Group increased their price target on Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.05.

Bloom Energy Stock Down 1.1%

Bloom Energy stock opened at $236.74 on Friday. The stock has a market capitalization of $69.73 billion, a PE ratio of 315.65, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77. Bloom Energy has a twelve month low of $75.70 and a twelve month high of $351.28. 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 company has a 50 day moving average of $249.27 and a 200-day moving average of $246.27.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the firm earned $0.10 EPS. Bloom Energy’s revenue for the quarter was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts anticipate that Bloom Energy will post 2.04 EPS for the current fiscal year.

Insider Activity

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the completion of the sale, the chief accounting officer owned 77,391 shares in the company, valued at $20,773,292.22. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction dated 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 transaction, the insider directly owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their position. 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. In the last three months, insiders sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $401,849,000 after buying an additional 583,135 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 buying an additional 126,649 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Bloom Energy in the second quarter valued at approximately $296,413,000. Finally, Elemental Capital Partners LLC lifted its position in shares of Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after buying an additional 25,625 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: Robert W. Baird raised its price target on Bloom Energy from $310 to $351 and reiterated an “outperform” rating, implying substantial upside from recent levels. Benzinga article
• Positive Sentiment: Oracle reportedly named Bloom Energy the primary power source for a large AI campus, reinforcing the company’s strategic importance to data-center electricity demand. Management also expects 2026 revenue of approximately $3.9 billion to $4.2 billion, roughly double its 2025 total. 247WallSt article
• Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but analysts noted that the company lacks key indicators typically associated with a likely earnings beat, potentially increasing volatility around the report. Yahoo Finance earnings preview
• Negative Sentiment: The AI power trade that drove a major rally in Bloom Energy is unwinding as concerns about debt, data-center spending and the sustainability of AI infrastructure investment spread across the sector. Bloom is viewed as a bellwether for that theme, making it vulnerable to further multiple compression. Barron’s article
• Negative Sentiment: Investors remain concerned about valuation: Bloom trades at a very high earnings multiple, leaving limited room for execution misses. Higher oil prices, inflation concerns and expectations for interest rates to remain elevated are also weighing on data-center infrastructure stocks. Benzinga macro update

About Bloom Energy

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.