Bloom Energy (NYSE:BE) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Bloom Energy from “buy” to “hold,” although broader analyst sentiment remains “Moderate Buy,” with an average price target of $258.36.
• Bloom Energy reported strong quarterly results, including $1.24 billion in revenue—up 138.1% year over year—and EPS of $0.94 versus the $0.69 consensus estimate. The company also raised its full-year 2026 revenue and adjusted EPS guidance.
• Despite the earnings beat, investors remain concerned about roughly $180 million in negative quarterly cash flow, expansion spending and the stock’s elevated valuation, which could pressure near-term performance.

Bloom Energy (NYSE:BE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on BE. BTIG Research cut their price target on shares of Bloom Energy from $295.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday. Barclays raised their target price on Bloom Energy from $276.00 to $308.00 and gave the company an "equal weight" rating in a report on Thursday, October 1st. Evercore reiterated an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Friday. Finally, Wells Fargo & Company cut their price target on shares of Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.36.

Bloom Energy Stock Performance

Shares of BE opened at $192.52 on Friday. The firm's 50 day moving average is $248.71 and its 200-day moving average is $249.16. The stock has a market capitalization of $56.70 billion, a P/E ratio of 118.11, a P/E/G ratio of 2.81 and a beta of 3.77. Bloom Energy has a 12-month low of $75.70 and a 12-month 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 - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 53.69%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $0.15 EPS. The company's revenue was up 138.1% on a year-over-year basis. Equities research analysts anticipate that Bloom Energy will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director Jeffrey R. Immelt sold 30,000 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Maciej Kurzymski sold 2,295 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total transaction of $616,023.90. Following the sale, the chief accounting officer directly owned 77,391 shares in the company, valued at $20,773,292.22. This trade represents a 2.88% 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. Over the last ninety days, insiders sold 89,698 shares of company stock worth $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 the stock. MJT & Associates Financial Advisory Group Inc. boosted its position in 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. Compound Planning Inc. lifted its holdings in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock worth $467,000 after buying an additional 38 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Bloom Energy by 13.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company's stock valued at $98,000 after purchasing an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. Finally, Truefg LLC boosted its stake in Bloom Energy by 2.4% during the 3rd quarter. Truefg LLC now owns 2,048 shares of the company's stock valued at $567,000 after purchasing an additional 48 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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. Net income reached $250.3 million, compared with a loss in the prior-year quarter. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 outlook for the third time, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above consensus expectations. Management cited strong product sales, rising backlog and demand from data centers and other customers requiring reliable, on-site power. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: Analyst sentiment remained generally constructive: JPMorgan maintained an “overweight” rating despite lowering its price target to $292, while RBC reaffirmed “outperform” with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Broader selling in AI-related and data-center power stocks is adding pressure, as investors reassess whether projected capital spending will translate into near-term returns. Bloom’s CEO said the company’s opportunity extends beyond artificial intelligence, including broader distributed-power demand. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Operating and net cash flow were negative by roughly $180 million in the quarter. Investors are concerned that aggressive manufacturing expansion and other growth investments could require substantial cash before the higher revenue and backlog convert into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: At a very high earnings multiple, Bloom Energy had already priced in substantial growth. Consequently, the cash-flow shortfall and expansion spending outweighed the earnings beat and guidance increase for short-term investors.

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.

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