Bloom Energy (NYSE:BE) Stock Jumps 3.5% – Time to Buy?

Bloom Energy Corporation (NYSE:BE) traded up 3.5% during trading on Friday. The stock traded as high as $186.33 and last traded at $173.3510. Approximately 23,000,262 shares changed hands during trading, an increase of 71% from the average session volume of 13,436,388 shares. The stock had previously closed at $167.52.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy and NTT DATA agreed to deploy 900 megawatts of onsite power across multiple data-center projects worldwide, reinforcing potential demand for Bloom’s fuel-cell systems. NTT DATA agreement with Bloom Energy
• Positive Sentiment: The company’s recent fundamentals have been strong: quarterly revenue grew 138% year over year, earnings beat estimates, and Bloom raised its full-year revenue outlook. This provides a counterpoint to the recent market-driven selling. Bloom Energy raises full-year outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares, about 6% of her holdings. The sale may draw investor attention, though she retained a substantial stake. Bloom Energy director share sale
• Negative Sentiment: The main overhang is concern that election-related policy or regulatory shifts could slow AI data-center construction—and the associated demand for power. That uncertainty has pressured Bloom and other AI-linked stocks, even with the NTT DATA deal in place. Bloom Energy and AI power stock concerns
• Negative Sentiment: Friday’s recovery follows a sharp selloff, so the bounce may reflect technical support and a broader sector rebound rather than an easing of concerns about data-center growth. BE’s high valuation could also make it sensitive to changes in investor expectations. Bloom Energy rally and technical support

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BE. Truist Financial raised their price objective on shares of Bloom Energy from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, October 16th. Mizuho raised their target price on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. TD Cowen upgraded Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird boosted their price target on Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $263.05.

Bloom Energy Price Performance

The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The company has a market cap of $51.25 billion, a price-to-earnings ratio of 106.35, a PEG ratio of 2.02 and a beta of 3.63. The stock’s 50-day simple moving average is $246.89 and its 200 day simple moving average is $220.87.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. Bloom Energy’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Chambers sold 15,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director directly owned 208,333 shares in the company, valued at approximately $52,083,250. The trade was a 6.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 85,859 shares of company stock worth $20,994,650. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 worth $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% in the 1st 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 in the last quarter. Bank of America Corp DE increased its position in Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after buying an additional 126,649 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Bloom Energy during the second quarter worth $296,413,000. Finally, Elemental Capital Partners LLC raised its holdings 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 worth $287,791,000 after acquiring an additional 25,625 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.