Bloom Energy (NYSE:BE) Stock Price Up 2.6% Following Analyst Upgrade

Bloom Energy Corporation (NYSE:BE)’s stock price was up 2.6% on Tuesday after Sanford C. Bernstein upgraded the stock to a hold rating. The company traded as high as $297.97 and last traded at $281.6020. Approximately 11,229,469 shares were traded during trading, an increase of 1% from the average session volume of 11,068,038 shares. The stock had previously closed at $274.50.

Other analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Robert W. Baird raised their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a report on Wednesday, June 10th. Finally, Mizuho set a $285.00 target price on Bloom Energy in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.14.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the sale, the insider directly owned 207,417 shares in the company, valued at approximately $59,966,328.87. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the completion of the transaction, the insider directly owned 132,265 shares of the company’s stock, valued at approximately $38,175,646.95. The trade was a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 230,274 shares of company stock worth $58,696,472. 3.00% of the stock is currently owned by corporate insiders.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for onsite power generation, with its behind-the-meter solid oxide fuel cell platform helping customers bypass grid constraints and secure reliable, predictable electricity for mission-critical facilities. Bull of the Day: Bloom Energy (BE)
• Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy (BE) to hold, which is helping support sentiment by signaling a more constructive view from Wall Street. Zacks.com
• Neutral Sentiment: Recent coverage continues to frame Bloom Energy as a key clean-power supplier for AI data centers and other high-demand customers, keeping the stock in focus after a strong run. Can Bloom Energy Continue to Benefit From Onsite Power Generation?
• Negative Sentiment: Several insiders, including CAO Maciej Kurzymski, Shawn Marie Soderberg, Satish Chitoori, and Aman Joshi, sold shares this week. The company said these sales were tied to tax withholding from equity awards, but insider selling can still create near-term pressure on investor sentiment.

Hedge Funds Weigh In On Bloom Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Graticule Asia Macro Advisors LLC bought a new stake in Bloom Energy in the third quarter worth $402,494,000. Brooklands Fund Management Ltd purchased a new stake in shares of Bloom Energy in the fourth quarter valued at $347,560,000. Trivest Advisors Ltd raised its stake in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after acquiring an additional 3,201,000 shares during the period. Norges Bank bought a new stake in shares of Bloom Energy in the 4th quarter worth about $239,683,000. Finally, Jennison Associates LLC lifted its holdings in shares of Bloom Energy by 20,074.4% in 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 last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The business’s 50 day moving average is $254.92 and its 200 day moving average is $175.55. The stock has a market capitalization of $93.40 billion, a PE ratio of -6,566.29 and a beta of 3.73.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

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.