Bloom Energy’s (BE) Outperform Rating Reaffirmed at Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report released on Friday, Benzinga reports. They currently have a $335.00 price target on the stock. Royal Bank Of Canada‘s price target would indicate a potential upside of 73.70% from the stock’s previous close.

A number of other brokerages have also recently commented on BE. UBS Group lifted their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Susquehanna boosted their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research note on Friday, July 10th. Evercore reissued an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Morgan Stanley boosted their price objective on shares of Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their price objective on shares of Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a research note on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.36.

Bloom Energy Stock Performance

Shares of Bloom Energy stock traded down $24.91 during trading on Friday, reaching $192.86. The company’s stock had a trading volume of 31,151,317 shares, compared to its average volume of 13,136,634. The company has a 50-day moving average price of $249.46 and a two-hundred day moving average price of $249.56. The firm has a market cap of $56.80 billion, a PE ratio of 257.19, a P/E/G ratio of 3.08 and a beta of 3.77. Bloom Energy has a fifty-two week low of $75.70 and a fifty-two week high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.

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 business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company’s quarterly revenue was up 138.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts forecast that Bloom Energy will post 2.04 EPS for the current year.

Insider Buying and Selling

In other news, Director John T. Chambers sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 208,333 shares of the company’s stock, valued at $52,083,250. This represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Soderberg sold 2,895 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the transaction, the insider directly owned 129,370 shares in the company, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 in the last ninety days. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. grew its stake in shares of Bloom Energy by 49.3% during the 2nd 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 period. Compound Planning Inc. grew its stake in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after purchasing an additional 38 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after purchasing an additional 43 shares during the period. Carolina Wealth Advisors LLC boosted its position in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after buying an additional 46 shares in the last quarter. Finally, Truefg LLC boosted its position in shares of Bloom Energy by 2.4% in the 3rd quarter. Truefg LLC now owns 2,048 shares of the company’s stock worth $567,000 after buying an additional 48 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

More Bloom Energy News

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

• Positive Sentiment: Results significantly exceeded expectations. Third-quarter revenue surged 138.1% year over year to $1.24 billion, while adjusted EPS of $0.94 topped consensus estimates of roughly $0.69–$0.71. The company also reported $250.3 million in net income, compared with a loss a year earlier. Bloom Energy Q3 earnings report
• Positive Sentiment: Bloom raised its 2026 outlook for the third time. Management now expects adjusted EPS of $3.10–$3.40 and revenue of $4.4–$4.6 billion, both above analyst expectations. The improved outlook reflects record product sales, stronger margins and rising demand for on-site power from data centers and other customers. Bloom Energy lifts outlook
• Positive Sentiment: Several analysts remain constructive. Royal Bank of Canada reaffirmed an outperform rating with a $335 price target, while Bernstein raised its target to $306, though it maintained a market-perform rating. RBC rating
• Neutral Sentiment: Management said demand should extend beyond the artificial-intelligence market as hyperscalers and other customers adopt distributed power. That supports Bloom’s long-term growth narrative, but also leaves the company highly exposed to expectations for data-center power spending. Bloom Energy earnings call transcript
• Negative Sentiment: Cash generation overshadowed the headline results. Bloom reported approximately $180 million of negative net cash flow in the quarter. Investors are concerned that manufacturing expansion and other growth investments could require substantial additional capital before revenue growth translates into sustainable free cash flow. Bloom Energy cash outflows and expansion costs
• Negative Sentiment: The stock’s high valuation increases the risk of profit-taking when investors identify execution or cash-flow concerns. JPMorgan lowered its price target from $314 to $292 while retaining an overweight rating, signaling continued optimism but a more cautious near-term view. JPMorgan rating

About Bloom Energy

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.