Bloom Energy (NYSE:BE) Upgraded at TD Cowen

Key Points

• TD Cowen upgraded Bloom Energy to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $257.18.
• Bloom Energy reported quarterly EPS of $0.78 versus estimates of $0.39, with revenue of $1.07 billion—up 165.5% year over year and above expectations.
• The stock opened at $286.87 and carries a very high P/E ratio of 382.50; meanwhile, insiders sold nearly $21.8 million of shares over the past three months, highlighting valuation and selling-pressure risks.

Bloom Energy (NYSE:BE - Get Free Report) was upgraded by equities research analysts at TD Cowen to a "hold" rating in a report issued on Monday, Zacks reports.

Several other analysts also recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Monday, September 28th. BMO Capital Markets lowered their price objective on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their target price on Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Truist Financial reduced their target price on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Finally, Roth Capital upped their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.18.

Bloom Energy Stock Down 0.8%

Bloom Energy stock opened at $286.87 on Monday. The stock has a market cap of $84.49 billion, a P/E ratio of 382.50, a P/E/G ratio of 3.70 and a beta of 3.77. 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 has a twelve month low of $75.70 and a twelve month high of $351.28. The company's 50-day moving average price is $239.54 and its two-hundred day moving average price is $239.48.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $0.10 earnings per share. The business's revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, analysts expect that Bloom Energy will post 2.06 EPS for the current year.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 8,437 shares of the company'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 owned 147,092 shares of the company's stock, valued at $40,769,489.64. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Chambers sold 15,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the sale, the director owned 208,333 shares in the company, valued at $52,083,250. The trade was a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 89,698 shares of company stock worth $21,780,758. Corporate insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Montanova Capital LLC bought a new stake in Bloom Energy during the 2nd quarter worth approximately $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Bloom Energy by 78.3% in 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 valued at $401,849,000 after acquiring an additional 583,135 shares during the period. Militia Capital Management LLC bought a new position in shares of Bloom Energy during the first quarter valued at $813,000. Assenagon Asset Management S.A. lifted its holdings in shares of Bloom Energy by 3,398.3% during the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company's stock worth $72,611,000 after purchasing an additional 233,020 shares during the period. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Bloom Energy during the first quarter worth $8,468,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy News Roundup

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

• Positive Sentiment: Manufacturing expansion supports growth prospects. Bloom Energy is expanding production capacity to address rising demand for its fuel-cell systems, particularly from data centers and other customers seeking reliable, on-site power. Increased capacity could support higher revenue, although it also raises execution and capital-spending requirements. Up 228% in the past year, Bloom Energy expands manufacturing capacity
• Positive Sentiment: Morgan Stanley highlighted potentially underappreciated opportunities. The firm identified three areas that could create additional upside for Bloom, including the company’s role in supplying power to AI data centers. Analysts also pointed to Bloom’s ability to combine on-site electricity generation with carbon capture, which could differentiate its systems as customers face power constraints and emissions targets. Morgan Stanley spots 3 game-changing Bloom Energy opportunities
• Positive Sentiment: Fuel-cell economics could strengthen the AI data-center opportunity. Bloom estimates that its systems could reduce construction costs for a 1-gigawatt AI data center by approximately $3.6 billion, or 27%, excluding chips. The potential benefit is meaningful as data-center operators seek faster deployment and alternatives to constrained electric grids. Bloom Energy Says Its Fuel Cells Can Save a Big AI Data Center $3.6 Billion
• Neutral Sentiment: Industry coverage is keeping Bloom on investors’ watchlists. Recent industrial-stock roundups and comparisons with Babcock provide visibility but do not appear to contain a material new company-specific catalyst. Industrial Stocks To Follow Now
• Negative Sentiment: Valuation leaves little room for disappointment. Bloom’s strong rally has pushed its valuation to exceptionally high levels, prompting some analysts to recommend waiting for a better entry point. Any delays in capacity expansion, weaker orders or slower AI data-center adoption could trigger profit-taking.
• Negative Sentiment: Project and customer concentration risks remain. Reports involving Oracle’s force-majeure notice on Project Jupiter highlight uncertainty around large data-center projects. Separately, MTAR Technologies derives a substantial portion of revenue from Bloom, underscoring the importance of Bloom-related demand to parts of its supply chain. Oracle’s Force Majeure Notice on Project Jupiter

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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