Bloom Energy (NYSE:BE) Stock Breaks Above 200-Day Moving Average – Here’s Why

Bloom Energy Corporation (NYSE:BE) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $218.49 and traded as high as $224.17. Bloom Energy shares last traded at $218.6320, with a volume of 15,606,487 shares trading hands.

More Bloom Energy News

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

• Positive Sentiment: Bloom reported third-quarter revenue of $1.236 billion, up 138% year over year, and raised its 2026 revenue outlook to $4.4 billion-$4.6 billion. The company also plans to expand manufacturing capacity to meet surging power demand, including demand from AI data centers. What Did Bloom Energy’s Quarter Change For Its Stock?
• Positive Sentiment: Analyst upgrades triggered a gap higher and gains in earlier trading, with Wells Fargo cited as expecting further appreciation. The upgrades reinforce the bullish view that Bloom is positioned to benefit from AI-related electricity demand. Bloom Energy Stock Jumps 7.2% on Analyst Upgrade
• Positive Sentiment: Investors focused on Bloom’s guidance increase, manufacturing expansion and potential utility partnerships and carbon-capture opportunities, which could broaden its long-term addressable market. Bloom Energy Q3 Earnings Call Highlights Guidance Hike & Capacity Plan

Analyst Ratings Changes

Several research analysts recently issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Bloom Energy in a research report on Friday, October 23rd. Truist Financial upped their price target on shares of Bloom Energy from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, October 16th. Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Susquehanna upped their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Finally, Barclays upped their price objective on Bloom Energy from $308.00 to $316.00 and gave the stock an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $264.33.

Bloom Energy Price Performance

The company has a market capitalization of $65.47 billion, a PE ratio of 136.37, a P/E/G ratio of 2.50 and a beta of 3.77. The company’s 50-day simple moving average is $247.84 and its 200-day simple moving average is $219.02. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.25. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The business’s quarterly revenue was up 138.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insider Activity at Bloom Energy

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,295 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the sale, the chief accounting officer owned 77,391 shares of the company’s stock, valued at $20,773,292.22. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. This trade represents a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of BE. Continuum Advisory LLC bought a new position in Bloom Energy during the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in Bloom Energy during the third quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. increased its position in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares during the last quarter. Markowski Investments bought a new stake in shares of Bloom Energy during the 2nd quarter worth $37,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Bloom Energy in the 3rd quarter worth about $35,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.