Bloom Energy (NYSE:BE) Stock Keeps Outperform Rating at Royal Bank Of Canada

Bloom Energy (NYSE:BE - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $335.00 price objective on the stock. Royal Bank Of Canada's target price points to a potential upside of 27.43% from the company's current price.

Several other brokerages also recently issued reports on BE. Robert W. Baird restated an "outperform" rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Thursday, July 9th. BTIG Research reiterated a "buy" rating and issued a $295.00 target price on shares of Bloom Energy in a research note on Wednesday, July 29th. Oppenheimer reiterated a "market perform" rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Evercore reiterated an "outperform" rating on shares of Bloom Energy in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Bloom Energy from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.14.

Bloom Energy Trading Down 8.9%

Bloom Energy stock traded down $25.81 during midday trading on Monday, reaching $262.89. 15,498,318 shares of the stock traded hands, compared to its average volume of 12,957,588. The company has a 50-day simple moving average of $230.54 and a two-hundred day simple moving average of $234.21. 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 firm has a market cap of $77.43 billion, a PE ratio of 350.52, a price-to-earnings-growth ratio of 3.69 and a beta of 3.80. Bloom Energy has a 12-month low of $70.89 and a 12-month high of $351.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm's revenue was up 165.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Research analysts expect that Bloom Energy will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Aman Joshi sold 3,601 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $269.94, for a total value of $972,053.94. Following the sale, the insider owned 155,529 shares of the company's stock, valued at approximately $41,983,498.26. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,295 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the sale, the chief accounting officer directly owned 77,391 shares in the company, valued at $20,773,292.22. The trade was a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,604 shares of company stock worth $21,948,262 over the last quarter. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. increased its holdings in shares of Bloom Energy by 107.0% in the 2nd quarter. QRG Capital Management Inc. now owns 27,250 shares of the company's stock valued at $8,248,000 after purchasing an additional 14,087 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Bloom Energy in the 2nd quarter valued at about $620,000. Silicon Valley Capital Partners increased its holdings in shares of Bloom Energy by 107.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 2,070 shares of the company's stock valued at $627,000 after purchasing an additional 1,070 shares during the period. IKE Capital LLC acquired a new position in shares of Bloom Energy in the 2nd quarter valued at about $2,952,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Bloom Energy by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,150 shares of the company's stock valued at $1,862,000 after purchasing an additional 268 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying substantial upside from recent trading levels. TickerReport article
• Positive Sentiment: Coverage highlighted Bloom Energy as a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Reports point to new data-center power orders, strong revenue growth and improving profitability as key reasons for the stock’s dramatic longer-term gains. Philadelphia Inquirer article
• Positive Sentiment: Market commentary identified Bloom Energy as an AI-infrastructure opportunity with potential catalysts ahead of third-quarter earnings, while Zacks included BE among stocks receiving favorable attention. MarketBeat article
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility, but its direct effect on revenue and near-term valuation is unclear. Sports Business Journal article
• Negative Sentiment: Fuel-cell stocks are cooling after a steep run, creating broader sector profit-taking and technical pressure on BE. The stock’s elevated valuation makes it particularly sensitive to a reversal in momentum. 247WallSt article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit and the deadline for investors to seek lead-plaintiff status. The allegations could weigh on sentiment and create potential legal and reputational risks, though they have not been proven. GlobeNewswire article

About Bloom Energy

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.