Bloom Energy (NYSE:BE) Given New $240.00 Price Target at Truist Financial

Key Points

• Truist Financial raised Bloom Energy’s price target from $218 to $240 while maintaining a “hold” rating, implying only 1.38% upside from the stock’s $236.74 opening price.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $260.05, though opinions vary from “strong buy” to “sell.” Bloom reported quarterly EPS of $0.78 versus the $0.39 consensus estimate, while revenue rose 165.5% year over year to $1.07 billion.
• Valuation and insider selling remain risks: Bloom trades at a price-to-earnings ratio above 315, and insiders sold 89,698 shares worth approximately $21.8 million during the last quarter. Institutional investors own about 77% of the company.

Bloom Energy (NYSE:BE - Get Free Report) had its price objective upped by analysts at Truist Financial from $218.00 to $240.00 in a report released on Friday, Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's target price suggests a potential upside of 1.38% from the company's current price.

BE has been the topic of several other research reports. Zacks Research downgraded shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Susquehanna boosted their price target on shares of Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a research report on Friday, July 10th. Weiss Ratings restated a "hold (c)" rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Wells Fargo & Company dropped their target price on shares of Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Evercore reiterated an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.05.

Bloom Energy Stock Down 1.1%

Shares of BE stock opened at $236.74 on Friday. Bloom Energy has a 12 month low of $75.70 and a 12 month high of $351.28. The firm has a market cap of $69.73 billion, a PE ratio of 315.65, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77. The stock has a 50 day moving average of $249.27 and a 200-day moving average of $246.27. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. During the same period in the prior year, the business earned $0.10 earnings per share. Bloom Energy's revenue for the quarter was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities analysts predict that Bloom Energy will post 2.04 EPS for the current year.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 2,870 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider owned 202,494 shares of the company's stock, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the sale, the insider directly owned 147,092 shares of the company's stock, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,698 shares of company stock valued at $21,780,758 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Bloom Energy

A number of institutional investors have recently bought and sold shares of the business. Montanova Capital LLC bought a new position in Bloom Energy during the 2nd quarter worth approximately $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 purchasing an additional 583,135 shares during the period. Militia Capital Management LLC acquired a new position in Bloom Energy during the first quarter valued at approximately $813,000. Assenagon Asset Management S.A. increased its stake in Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company's stock valued at $72,611,000 after purchasing an additional 233,020 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in Bloom Energy in the first quarter valued at approximately $8,468,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Key Bloom Energy News

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

• Positive Sentiment: Robert W. Baird raised its price target on Bloom Energy from $310 to $351 and reiterated an “outperform” rating, implying substantial upside from recent levels. Benzinga article
• Positive Sentiment: Oracle reportedly named Bloom Energy the primary power source for a large AI campus, reinforcing the company’s strategic importance to data-center electricity demand. Management also expects 2026 revenue of approximately $3.9 billion to $4.2 billion, roughly double its 2025 total. 247WallSt article
• Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but analysts noted that the company lacks key indicators typically associated with a likely earnings beat, potentially increasing volatility around the report. Yahoo Finance earnings preview
• Negative Sentiment: The AI power trade that drove a major rally in Bloom Energy is unwinding as concerns about debt, data-center spending and the sustainability of AI infrastructure investment spread across the sector. Bloom is viewed as a bellwether for that theme, making it vulnerable to further multiple compression. Barron's article
• Negative Sentiment: Investors remain concerned about valuation: Bloom trades at a very high earnings multiple, leaving limited room for execution misses. Higher oil prices, inflation concerns and expectations for interest rates to remain elevated are also weighing on data-center infrastructure stocks. Benzinga macro update

About Bloom Energy

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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