Wells Fargo & Company Issues Positive Forecast for Bloom Energy (NYSE:BE) Stock Price

Bloom Energy (NYSE:BE) had its price objective raised by Wells Fargo & Company to $217.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

BE has been the subject of a number of other reports. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price for the company in a research report on Tuesday, April 14th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Roth Mkm set a $225.00 target price on Bloom Energy in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Finally, Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and an average target price of $194.95.

Bloom Energy Stock Performance

NYSE:BE opened at $287.41 on Wednesday. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The business has a fifty day simple moving average of $169.78 and a two-hundred day simple moving average of $137.02. Bloom Energy has a 1 year low of $16.05 and a 1 year high of $290.50. The company has a market capitalization of $80.63 billion, a P/E ratio of -756.34, a P/E/G ratio of 9.42 and a beta of 3.18.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.35. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $531.29 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts expect that Bloom Energy will post 1 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total value of $34,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,869 shares in the company, valued at approximately $372,277,730. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 30,000 shares of Bloom Energy stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $6,126,900.00. Following the completion of the transaction, the insider owned 165,732 shares of the company’s stock, valued at approximately $33,847,446.36. This trade represents a 15.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 455,092 shares of company stock valued at $78,564,475 in the last ninety days. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently made changes to their positions in BE. Creekmur Asset Management LLC purchased a new position in Bloom Energy during the third quarter worth about $1,825,000. Meridian Wealth Management LLC purchased a new position in Bloom Energy during the third quarter worth about $553,000. Udine Wealth Management Inc. grew its position in Bloom Energy by 27.8% during the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after buying an additional 13,684 shares in the last quarter. Straight Path Wealth Management purchased a new position in Bloom Energy during the third quarter worth about $1,099,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Bloom Energy during the third quarter worth about $1,985,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

More Bloom Energy News

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

• Positive Sentiment: Record Q1 results and much stronger guidance — Bloom reported $751.1M revenue (up 130% YoY) and $0.44 adj. EPS, beat estimates, posted positive operating profit, and raised FY26 revenue and EPS guidance materially; this is the primary catalyst lifting the stock. Business Wire: Bloom Energy Reports Record First Quarter 2026 Results
• Positive Sentiment: AI/data-center demand and strategic partnerships — Management highlighted surging data‑center demand and announced a data‑center partnership with Oracle, which investors view as durable, high‑margin recurring demand that helps justify higher multiples. Schaeffers: How Options Traders Are Playing the Bloom Energy Stock Melt-Up
• Positive Sentiment: Broker upgrades and higher price targets — Several firms bumped targets/ratings after the print (BTIG to $295 buy; RBC to $335 outperform), reinforcing buy-side momentum and coverage flows. Benzinga: Analyst Price Target Moves
• Neutral Sentiment: Heavy options and momentum trading — Elevated options activity and technical commentary (Murrey Math) are amplifying intraday moves; this can magnify volatility without changing fundamentals. Invezz: Murrey Math Lines Suggest Rally
• Negative Sentiment: Valuation and upside/downside divergence among analysts — Despite upgrades, some updated targets (JPMorgan $267, TD Cowen $235, Wells Fargo $217) still sit below the intraday price, and Seeking Alpha flags extreme forward multiples, leaving the stock vulnerable if growth or margins disappoint. Seeking Alpha: Revenue Explosion Is Impressive but Valuation Stretched

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.