Royal Bank Of Canada Reaffirms Outperform Rating for Bloom Energy (NYSE:BE)

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued on Friday, Benzinga reports. They currently have a $335.00 price target on the stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 74.01% from the stock’s previous close.

Several other analysts have also issued reports on the stock. TD Cowen upgraded shares of Bloom Energy to a “hold” rating in a report on Monday, October 5th. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. UBS Group increased their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Finally, Robert W. Baird increased their price objective on Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.36.

Bloom Energy Stock Down 11.6%

Shares of BE stock traded down $25.25 during mid-day trading on Friday, hitting $192.52. 35,823,124 shares of the stock traded hands, compared to its average volume of 13,163,752. The stock has a market cap of $56.70 billion, a P/E ratio of 256.70, a P/E/G ratio of 3.08 and a beta of 3.77. The stock’s fifty day moving average is $249.46 and its two-hundred day moving average is $249.56. Bloom Energy has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $0.15 EPS. Bloom Energy’s revenue was up 138.1% on a year-over-year basis. Equities analysts predict that Bloom Energy will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the sale, the insider owned 129,370 shares in the company, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 89,698 shares of company stock valued at $21,780,758. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors have recently made changes to their positions in BE. Jennison Associates LLC boosted its position in Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after acquiring an additional 2,673,710 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Bloom Energy during the second quarter worth $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 buying an additional 583,135 shares during the period. Bessemer Group Inc. increased its position in Bloom Energy by 228.0% in the 1st quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock worth $79,660,000 after purchasing an additional 408,687 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bloom Energy by 106.0% in the 1st quarter. Renaissance Technologies LLC now owns 535,900 shares of the company’s stock worth $72,609,000 after acquiring an additional 275,700 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Strong product sales, improved margins and demand from hyperscalers supported the results. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: The company raised its 2026 outlook for the third time this year, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above Wall Street expectations. Backlog growth is reportedly outpacing revenue growth. Bloom Energy Q3 Earnings: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: JPMorgan maintained an overweight rating despite lowering its target to $292, while RBC reaffirmed outperform with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Management said its opportunity extends beyond AI data centers, with on-site power demand potentially increasing across broader electricity and industrial markets. However, the stock’s elevated valuation leaves little room for execution missteps.
• Negative Sentiment: Operating cash flow was negative, with reports citing roughly $180 million in net cash outflow during the quarter. Investors are concerned that manufacturing expansion and other capital spending could consume substantial cash before the expected growth translates into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: After a major rally tied to the AI power trade, investors appear to be locking in gains and reassessing whether projected data-center demand justifies Bloom Energy’s high valuation. Broader weakness in AI-linked stocks added to the pressure.

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.