Wall Street Zen Upgrades Bloom Energy (NYSE:BE) to Buy

Key Points

• Wall Street Zen upgraded Bloom Energy to “buy” from “hold,” contributing to a consensus “Moderate Buy” rating and an average price target of $248.05.
• Bloom Energy reported a strong quarter, with EPS of $0.78 versus a $0.39 estimate and revenue of $1.07 billion, up 165.5% year over year. Shares opened at $252.84, up 7.3%.
• Investor interest is being driven by Bloom’s potential to supply power directly to AI data centers, though insider selling and a proposed securities lawsuit represent notable risks.

Bloom Energy (NYSE:BE - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Roth Capital raised their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. Oppenheimer reaffirmed a "market perform" rating on shares of Bloom Energy in a report on Wednesday, July 29th. Sanford C. Bernstein reiterated a "market perform" rating and set a $282.00 price objective on shares of Bloom Energy in a research report on Thursday, August 27th. BTIG Research reissued a "buy" rating and set a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Finally, Clear Str upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.05.

Bloom Energy Stock Up 7.3%

Shares of NYSE:BE opened at $252.84 on Friday. The company has a market cap of $74.47 billion, a price-to-earnings ratio of 337.12, a PEG ratio of 3.46 and a beta of 3.80. Bloom Energy has a 12 month low of $52.00 and a 12 month high of $351.28. The company has a 50-day moving average price of $226.89 and a 200 day moving average price of $221.77. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly 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. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company's revenue for the quarter 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, equities research analysts predict that Bloom Energy will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 2,837 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider directly owned 207,417 shares in the company, valued at approximately $59,966,328.87. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 15,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.00, for a total value of $3,750,000.00. Following the sale, the director directly owned 208,333 shares of the company's stock, 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. Insiders sold a total of 89,464 shares of company stock worth $22,131,255 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. increased its stake in Bloom Energy by 49.3% during the second 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. boosted its stake in shares of Bloom Energy by 1.1% in 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 period. Carolina Wealth Advisors LLC boosted its stake in shares of Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after purchasing an additional 46 shares during the period. Blue Trust Inc. grew its holdings in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Finally, Odyssean LLC grew its holdings in shares of Bloom Energy by 1.8% in the second quarter. Odyssean LLC now owns 2,926 shares of the company's stock valued at $886,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds 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: Bloom Energy is viewed as a leading candidate for inclusion in the S&P 500 during the index’s upcoming quarterly rebalancing. Investors are positioning ahead of a potential announcement after Friday’s close, with any changes expected to take effect around September 21. Inclusion could generate demand from index-tracking funds and increase the company’s visibility. Bloom Energy, Astera Rally On Hopes They Will Join S&P Friday; Who Else Could Be Added
• Positive Sentiment: Analysts and market commentators continue to highlight Bloom’s opportunity to supply electricity directly to AI data centers, which face grid-connection delays and rising power requirements. Recent commentary argues that Bloom’s behind-the-meter and distributed-generation systems may support strong revenue growth through year-end. I'm Calling It: Bloom Energy's Revenue Guidance Will Keep Surprising Wall Street Through Year-End
• Positive Sentiment: The broader risk-on environment is supporting high-beta energy and fuel-cell shares, while Bloom is receiving particular attention because of its perceived exposure to AI-related power demand. Earlier quarterly results also showed substantial revenue growth and an earnings beat, reinforcing the bullish narrative.
• Neutral Sentiment: Vertiv’s planned acquisition of microgrid specialist UtilityInnovation Group underscores the growing importance of solving power bottlenecks for AI data centers. The transaction does not directly involve Bloom, but it may validate the market opportunity for distributed power and microgrid providers. Vertiv’s UIG Deal Targets the Next Big Constraint in AI Data Centers
• Negative Sentiment: Several law firms are soliciting investors regarding a securities class-action lawsuit covering purchases from February 27, 2025, through July 8, 2026. The lawsuit reportedly alleges Bloom understated its exposure to Chinese export controls and U.S. tariffs by misrepresenting the origin of critical materials and components. The allegations have not been proven, but the litigation and September 28 lead-plaintiff deadline could weigh on sentiment.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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