Bloom Energy (NYSE:BE) Stock Gets Price Target Increase from Wells Fargo & Company

Key Points

• Wells Fargo raised Bloom Energy’s price target to $182 from $176 but maintained an “equal weight” rating, implying approximately 8.92% downside from the stock’s current price.
• Analyst views remain mixed, though the consensus rating is “Moderate Buy” with an average price target of $259; targets range from $230 to $335 among recent updates.
• Bloom Energy reported strong quarterly results, with EPS of $0.94 versus $0.69 expected and revenue of $1.24 billion, up 138.1% year over year, but negative operating and free cash flow remain investor concerns.

Bloom Energy (NYSE:BE - Get Free Report) had its price target hoisted by equities research analysts at Wells Fargo & Company from $176.00 to $182.00 in a research report issued on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential downside of 8.92% from the company's current price.

BE has been the subject of a number of other research reports. Susquehanna lifted their price objective on Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $242.00 price objective on shares of Bloom Energy in a research report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $335.00 price objective on shares of Bloom Energy in a report on Friday. Roth Capital set a $230.00 price objective on shares of Bloom Energy in a report on Friday. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $260.00 target price on shares of Bloom Energy in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bloom Energy has a consensus rating of "Moderate Buy" and an average price target of $259.00.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $199.82 on Monday. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The stock has a market cap of $58.85 billion, a PE ratio of 124.27, a PEG ratio of 2.50 and a beta of 3.77. The company's fifty day moving average is $248.71 and its 200 day moving average is $249.97. Bloom Energy has a 52 week low of $75.70 and a 52 week high of $351.28.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company's quarterly revenue was up 138.1% on a year-over-year basis. Research analysts anticipate that Bloom Energy will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider owned 202,494 shares in the company, valued at $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of 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. Over the last 90 days, insiders sold 89,698 shares of company stock valued at $21,780,758. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. raised its stake in shares of Bloom Energy by 49.3% during the 2nd 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% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock valued at $467,000 after purchasing an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Bloom Energy by 13.8% in 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 during the period. Carolina Wealth Advisors LLC lifted its holdings in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after purchasing an additional 46 shares in the last quarter. Finally, Truefg LLC increased its position in shares of Bloom Energy by 2.4% during the third quarter. Truefg LLC now owns 2,048 shares of the company's stock valued at $567,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors 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: Third-quarter revenue rose 138% year over year to approximately $1.24 billion, exceeding expectations, while earnings also beat estimates. Management raised its 2026 revenue forecast for the third time, now targeting $4.4 billion to $4.6 billion. Bloom Energy Raised Its 2026 Forecast for the Third Time
• Positive Sentiment: Product revenue increased 179% and operating margin expanded to 23.1%, indicating that manufacturing scale is generating significant operating leverage. Bloom Energy's Selloff Misses the Upgrade
• Positive Sentiment: Demand remains supported by data centers seeking faster power deployment while grid connections face lengthy delays. Backlog growth and new contracts could provide longer-term capacity upside. Where Will Bloom Energy Stock Be in 5 Years?
• Positive Sentiment: RBC reaffirmed an Outperform rating, while Bernstein reportedly forecast substantial appreciation, providing some analyst support. Bloom Energy Stock Rating Reaffirmed as Outperform
• Neutral Sentiment: KeyCorp maintained a Sector Weight rating, suggesting analysts remain divided despite Bloom Energy’s operational momentum. KeyCorp Reaffirms Sector Weight Rating
• Negative Sentiment: Operating cash flow was negative $27 million and free cash flow was negative $181 million during a quarter with record profitability. Investors are concerned that rapid growth may require continued capital spending and could create dilution risk. Bloom Energy Strong Results Not Sufficient
• Negative Sentiment: Shares recently declined sharply after earnings as investors emphasized negative cash flow, possible near-term margin headwinds, and deteriorating sentiment toward AI infrastructure spending. Bloom Energy Is 44% Below Its June Record
• Negative Sentiment: JPMorgan cut its price target, and reports of analyst downgrades contributed to a gap lower and reinforced concerns that the stock’s high valuation leaves limited room for execution missteps. Bloom Energy Stock Price Target Cut by JPMorgan

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.

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