Bloom Energy (NYSE:BE) Stock Price Target Raised at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein raised Bloom Energy’s price target from $282 to $306 while maintaining a “market perform” rating, implying approximately 41% upside. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $260.59.
• Bloom Energy reported quarterly revenue of $1.24 billion, up 138.1% year over year, and earnings of $0.94 per share, beating analyst expectations of $1.07 billion in revenue and $0.69 EPS.
• Despite the earnings beat, the stock traded down 9.2%, as investors focused on negative cash flow, elevated valuation and profit-taking after a sharp rally. Institutional investors own approximately 77% of the company, while insiders sold $21.8 million of shares during the quarter.

Bloom Energy (NYSE:BE - Get Free Report) had its price objective lifted by investment analysts at Sanford C. Bernstein from $282.00 to $306.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Sanford C. Bernstein's target price points to a potential upside of 41.22% from the stock's current price.

Other analysts have also issued research reports about the stock. Mizuho raised their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the company an "outperform" rating in a research report on Monday, September 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bloom Energy in a report on Monday. Oppenheimer reiterated a "market perform" rating on shares of Bloom Energy in a report on Wednesday, July 29th. Susquehanna increased their price target on Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a research note on Friday, July 10th. Finally, Robert W. Baird raised their price objective on Bloom Energy from $310.00 to $351.00 and gave the company an "outperform" rating in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of "Moderate Buy" and a consensus price target of $260.59.

Bloom Energy Trading Down 9.2%

BE opened at $216.69 on Friday. The company's 50 day moving average is $249.46 and its 200-day moving average is $249.56. Bloom Energy has a 1-year low of $75.70 and a 1-year high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The company has a market cap of $63.82 billion, a P/E ratio of 288.92, a PEG ratio of 3.08 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm's revenue was up 138.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. Equities research analysts predict that Bloom Energy will post 2.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 8,437 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Soderberg sold 2,895 shares of Bloom Energy stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the sale, the insider owned 129,370 shares in the company, valued at approximately $30,220,832. This represents a 2.19% decrease in their ownership of the stock. 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. Insiders have sold 89,698 shares of company stock worth $21,780,758 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently modified their holdings of BE. Jennison Associates LLC grew its stake in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. Bank of America Corp DE raised its position in Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company's stock worth $299,688,000 after purchasing an additional 126,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock worth $401,849,000 after purchasing an additional 583,135 shares during the last quarter. Elemental Capital Partners LLC lifted its holdings in Bloom Energy by 2.5% during the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company's stock worth $287,791,000 after buying an additional 25,625 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Bloom Energy during the 2nd quarter worth about $296,413,000. Institutional investors own 77.04% of the company's stock.

More Bloom Energy News

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

• Positive Sentiment: Record results beat expectations. Third-quarter revenue surged 138.1% year over year to $1.24 billion, exceeding the $1.07 billion consensus estimate. Adjusted earnings of $0.94 per share also topped estimates of roughly $0.69–$0.71 and rose sharply from $0.15 a year earlier. Bloom Energy quarterly earnings report
• Positive Sentiment: Bloom raised its full-year outlook. Management expects 2026 adjusted earnings of $3.10 to $3.40 per share and approximately $4.5 billion in revenue at the midpoint, reportedly about 9% above analyst expectations. The stronger outlook reflects demand for Bloom’s on-site power systems. Bloom Energy lifts outlook and reports higher profit
• Positive Sentiment: Data-center demand remains a key growth driver. Hyperscalers are increasing adoption of distributed power as electricity availability becomes a constraint for artificial-intelligence infrastructure. CEO KR Sridhar also said Bloom’s opportunities extend beyond AI, including broader power generation and hydrogen applications. Bloom Energy Q3 earnings call transcript
• Neutral Sentiment: Expectations and valuation are unusually high. Bloom Energy has benefited from the AI-power theme and is up substantially over the past year, but its high earnings multiple leaves less room for execution disappointments. BMO Capital issued a Hold rating, underscoring the more cautious analyst view. BMO Capital Hold rating
• Negative Sentiment: Negative cash flow overshadowed the earnings beat. Bloom reportedly generated approximately $180 million of negative net cash flow in the quarter. Investors may be concerned that rapid growth is requiring substantial working capital and investment, making the headline profit less valuable until cash conversion improves. Bloom Energy cash-flow reaction
• Negative Sentiment: Profit-taking amplified the reaction. Fuel-cell and AI-power stocks had rallied sharply ahead of earnings, creating a high comparison bar. Traders appear to be selling the news despite the strong report, particularly because the results did not eliminate concerns about cash flow and valuation. Bloom Energy pre-earnings rally reverses

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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