Bloom Energy (NYSE:BE) Stock Gets Price Target Boost from Robert W. Baird

Key Points

• Robert W. Baird raised Bloom Energy’s price target from $310 to $351 and maintained an “outperform” rating, implying nearly 47% upside from the reported share price.
• Bloom Energy reported quarterly EPS of $0.78 versus the $0.39 consensus estimate, while revenue reached $1.07 billion, up 165.5% year over year and above expectations.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and $259.05 price target, though the stock’s high valuation and recent insider selling present risks.

Bloom Energy (NYSE:BE - Get Free Report) had its price target increased by stock analysts at Robert W. Baird from $310.00 to $351.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective indicates a potential upside of 46.99% from the stock's current price.

A number of other brokerages have also recently commented on BE. Zacks Research cut Bloom Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. BTIG Research reissued a "buy" rating and set a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Susquehanna boosted their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a report on Friday, July 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Bloom Energy from $229.00 to $264.00 and gave the company a "hold" rating in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.05.

Bloom Energy Price Performance

BE opened at $238.80 on Thursday. The company has a fifty day moving average price of $249.11 and a two-hundred day moving average price of $245.54. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy has a 52 week low of $75.70 and a 52 week high of $351.28. The firm has a market capitalization of $70.33 billion, a PE ratio of 318.40, a P/E/G ratio of 3.39 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business'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. As a group, analysts anticipate that Bloom Energy will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jeffrey R. Immelt sold 30,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Soderberg sold 2,895 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the sale, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This represents a 2.19% 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 three months, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently added to or reduced their stakes in BE. Nvwm LLC acquired a new position in Bloom Energy in the 3rd quarter valued at about $56,000. HBW Advisory Services LLC lifted its position in Bloom Energy by 9.5% during the third quarter. HBW Advisory Services LLC now owns 1,281 shares of the company's stock worth $355,000 after acquiring an additional 111 shares during the last quarter. Truefg LLC lifted its position in Bloom Energy by 2.4% during the third quarter. Truefg LLC now owns 2,048 shares of the company's stock worth $567,000 after acquiring an additional 48 shares during the last quarter. Reliant Investment Management LLC acquired a new stake in Bloom Energy during the third quarter worth approximately $814,000. Finally, Elemental Capital Partners LLC boosted its holdings in shares of Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company's stock worth $287,791,000 after acquiring an additional 25,625 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy News Roundup

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

• Positive Sentiment: Strong growth expectations: Management projects 2026 revenue of $3.9 billion to $4.2 billion, approximately double its 2025 revenue, supporting the long-term bull case for Bloom’s fuel-cell and data-center power business. Bloom Energy Stock Is 31% Below Its Record. Here’s Where I Think It Will Be in 2030.
• Positive Sentiment: Project Jupiter and Oracle support: Oracle reaffirmed Bloom’s role in Project Jupiter, while Roth Capital raised its price target from $225 to $260. The developments suggest growing market acceptance of Bloom’s data-center power technology ahead of its results. BE Stock Rises Overnight After Oracle Reaffirms Project Jupiter Role
• Neutral Sentiment: Quarterly results approaching: Bloom Energy is projected to report earnings Thursday. Investors are likely looking for confirmation that recent demand, revenue growth and project wins can justify the company’s elevated valuation. Bloom Energy Projected to Post Earnings on Thursday
• Negative Sentiment: Macro pressure on growth stocks: Higher oil prices and a hotter inflation reading have increased concerns that interest rates will remain elevated. That environment typically weighs on richly valued data-center infrastructure and clean-energy companies such as BE. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes
• Negative Sentiment: Valuation remains demanding: BE trades at a very high multiple of trailing adjusted earnings, leaving limited room for execution problems or weaker-than-expected guidance. Investors are effectively pricing in substantial profit growth during 2026 and 2027. What Are Bloom Energy Investors Betting On?

Bloom Energy Company Profile

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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