Bloom Energy's (BE) Sector Weight Rating Reaffirmed at KeyCorp

Key Points

• KeyCorp reaffirmed its “sector weight” rating on Bloom Energy, while the broader analyst consensus remains “Moderate Buy” with an average price target of $261.73.
• Bloom Energy reported quarterly revenue of $1.24 billion, up 138.1% year over year, and earnings of $0.94 per share—both above analyst expectations.
• Despite the strong results, shares fell 9.2% amid concerns about negative cash flow, elevated valuation and profit-taking following a sharp rally.

Bloom Energy (NYSE:BE - Get Free Report)'s stock had its "sector weight" rating reaffirmed by investment analysts at KeyCorp in a report issued on Friday, Benzinga reports.

Several other analysts have also recently issued reports on BE. Wall Street Zen upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Mizuho boosted their price target 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. Morgan Stanley upped their price target on shares of Bloom Energy from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Friday. Roth Capital reiterated a "neutral" rating and issued a $260.00 price objective on shares of Bloom Energy in a research report on Tuesday, October 13th. Finally, Citigroup reissued a "buy" rating on shares of Bloom Energy in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $261.73.

Bloom Energy Trading Down 9.2%

Shares of BE opened at $216.69 on Friday. Bloom Energy has a twelve month low of $75.70 and a twelve month high of $351.28. The stock has a market cap of $63.82 billion, a PE ratio of 288.92, a P/E/G ratio of 3.08 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. The business's 50-day moving average price is $249.46 and its 200-day moving average price is $249.56.

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, beating analysts' consensus estimates of $0.69 by $0.25. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.15 earnings per share. Bloom Energy's revenue was up 138.1% compared to the same quarter last year. On average, equities analysts forecast that Bloom Energy will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other news, CAO Maciej Kurzymski sold 2,295 shares of the 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 transaction, the chief accounting officer owned 77,391 shares of the company's stock, valued at $20,773,292.22. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 firm's stock in a transaction on 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 sale, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 over the last quarter. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Continuum Advisory LLC bought a new stake in Bloom Energy in the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in Bloom Energy during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in shares of Bloom Energy in the first quarter worth approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. grew its holdings in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. 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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