Bloom Energy (NYSE:BE) Shares Gap Up on Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares gapped up prior to trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $176.00 to $182.00. The stock had previously closed at $203.92, but opened at $214.12. Wells Fargo & Company currently has an equal weight rating on the stock. Bloom Energy shares last traded at $219.7970, with a volume of 5,466,138 shares trading hands.

Several other brokerages also recently issued reports on BE. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein upped their price objective on Bloom Energy from $282.00 to $306.00 and gave the company a “market perform” rating in a research note on Friday. Citigroup reaffirmed a “buy” rating on shares of Bloom Energy in a research report on Friday. UBS Group boosted their target price on Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Finally, Wall Street Zen lowered Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Insider Buying and Selling

In related news, insider Aman Joshi sold 8,437 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. The trade was a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey R. 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 value of $7,167,300.00. Following the completion of the transaction, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,698 shares of company stock valued at $21,780,758 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy raised its 2026 guidance, reinforcing expectations for continued growth and providing a fundamental catalyst for the stock. Bloom Energy raises 2026 guidance
• Positive Sentiment: Recent quarterly results significantly exceeded expectations: revenue increased 138% year over year to $1.24 billion, while earnings per share beat consensus estimates. Operating leverage also improved, supporting the bullish growth narrative. Bloom Energy’s selloff misses the upgrade
• Positive Sentiment: Analyst support has improved, with BMO setting a $260 price target and Barclays raising its target to $316 from $308. Investors are also continuing to view Bloom as a potential beneficiary of AI-related power demand. BMO raises Bloom Energy price target
• Neutral Sentiment: The rebound follows a sharp post-earnings selloff, suggesting some investors are buying the dip after initially focusing on cash-flow concerns rather than the strong income statement. Why did Bloom Energy stock jump?
• Negative Sentiment: Bloom reported negative operating cash flow of approximately $27 million and negative free cash flow of about $181 million in the quarter. Concerns about cash consumption and potential short-term funding needs remain a key risk. Where is the bottom for Bloom Energy?
• Negative Sentiment: Valuation remains demanding, and Wells Fargo maintained an equal-weight rating while lifting its target only to $182, below the referenced market price. Analysts also warn that strong earnings “triple plays” have not consistently produced immediate gains this earnings season. Wells Fargo rating and price target

Hedge Funds Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC bought a new position in Bloom Energy during the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $26,000. MJT & Associates Financial Advisory Group Inc. increased its holdings in shares of Bloom Energy by 49.3% during the second 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. Markowski Investments acquired a new stake in shares of Bloom Energy in the second quarter valued at approximately $37,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $35,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Trading Up 7.7%

The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 134.62, a P/E/G ratio of 2.50 and a beta of 3.77. The business’s 50-day moving average price is $247.73 and its two-hundred day moving average price is $217.94.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 138.1% compared to the same quarter last year. Research analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Bloom Energy Company Profile

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.