Bloom Energy (NYSE:BE) Shares Gap Up – Still a Buy?

Bloom Energy Corporation (NYSE:BE) gapped up before the market opened on Tuesday. The stock had previously closed at $262.87, but opened at $272.82. Bloom Energy shares last traded at $292.5360, with a volume of 5,592,634 shares trading hands.

Bloom Energy News Roundup

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

• Positive Sentiment: Fuel-cell sector recovery: Buyers returned to fuel-cell stocks broadly, helping Bloom recover part of its previous decline alongside gains in FuelCell Energy and Plug Power. Bloom Energy Rallies 11% as Fuel Cell Selloff Reverses
• Positive Sentiment: Analyst support: RBC reaffirmed its “Outperform” rating and $335 price target, citing Bloom’s new Fremont facility as evidence of strong demand. The target implies additional upside from recent trading levels. RBC Reaffirms Bloom Energy Outperform Rating
• Positive Sentiment: AI data-center opportunity: Commentary remains bullish on Bloom’s 800-volt direct-current architecture, which could lower infrastructure costs for large AI data centers and strengthen the company’s position in the power-constrained AI buildout. The Power Bottleneck Was Just the Beginning
• Neutral Sentiment: High expectations: Bloom has become a major AI-infrastructure investment theme, but its valuation—following a dramatic multimonth rally—requires sustained order growth and earnings execution to justify the market capitalization. Can the AI Power Boom Justify Bloom Energy’s Valuation?
• Negative Sentiment: Litigation overhang: Several law firms publicized a securities class-action lawsuit and lead-plaintiff deadline involving Bloom, creating a potential reputational and legal risk for investors.

Analyst Ratings Changes

Several brokerages have commented on BE. TD Cowen restated a “hold” rating and issued a $235.00 price objective on shares of Bloom Energy in a report on Monday, July 20th. BTIG Research restated a “buy” rating and issued a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Citigroup reissued a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Roth Capital upped their price objective on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird restated an “outperform” rating and issued a $310.00 price target on shares of Bloom Energy in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.73.

Bloom Energy Price Performance

The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The stock has a 50-day moving average price of $231.84 and a 200 day moving average price of $234.98. The stock has a market capitalization of $87.07 billion, a price-to-earnings ratio of 394.24, a PEG ratio of 3.69 and a beta of 3.80.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm’s revenue for the quarter was up 165.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 2.06 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction 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 owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 89,604 shares of company stock worth $21,948,262. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after acquiring an additional 269,662 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 purchasing an additional 583,135 shares during the period. Jennison Associates LLC grew its position in shares of Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $347,560,000. Finally, Bank of America Corp DE lifted its stake in 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. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.