Bloom Energy Corporation (NYSE:BE) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Bloom Energy has a consensus “Hold” rating from 24 analysts, with 10 buys, 12 holds, 1 sell and 1 strong buy. The average 12-month price target is about $236.14.
• A major positive catalyst is Bloom’s expanded $25 billion AI power-financing partnership with Brookfield, which bolsters its outlook for fuel-cell deployments at data centers. Recent commentary also frames Bloom as a key beneficiary of rising AI-related power demand.
• The company recently reported strong quarterly results, beating expectations with $0.44 EPS versus $0.12 expected and revenue of $751.05 million versus $539.94 million expected. However, insider selling and a recent stock pullback have added some caution around valuation.

Shares of Bloom Energy Corporation (NYSE:BE - Get Free Report) have been given a consensus rating of "Hold" by the twenty-four analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $236.1364.

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Bloom Energy to $217.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. Sanford C. Bernstein initiated coverage on shares of Bloom Energy in a research note on Tuesday, June 16th. They set a "market perform" rating and a $276.00 price target on the stock. BTIG Research increased their price objective on shares of Bloom Energy to $295.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Robert W. Baird increased their price objective on shares of Bloom Energy to $242.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th.

Key Bloom Energy News

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

• Positive Sentiment: Brookfield expanded its AI power-financing partnership with Bloom Energy to $25 billion, strengthening Bloom’s growth story and potential fuel-cell deployments for data centers. Shorting the Grid: Bloom Energy’s $25B AI Power Play
• Positive Sentiment: Multiple reports highlighted Bloom Energy as a leading beneficiary of AI-related power demand, reinforcing investor confidence in the company’s long-term opportunity. Bloom Energy’s $25B partnership targets AI’s next bottleneck
• Neutral Sentiment: Insider Aman Joshi sold 8,343 shares, which may add modest caution but does not by itself signal a change in Bloom Energy’s fundamentals. Bloom Energy Insider Aman Joshi Sells 8,343 Shares
• Negative Sentiment: Bloom Energy saw a recent pullback after a strong rally, reflecting some profit-taking and valuation concerns among investors. Bloom Energy Stock Moves -6.43%: What You Should Know
• Negative Sentiment: Some analysts and commentators warned the stock may already be priced for near-perfect execution, which could limit upside if growth slows or deals take longer to convert into revenue.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares in the company, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares in the company, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 228,617 shares of company stock worth $59,843,659 in the last quarter. Company insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently modified their holdings of the stock. Brooklands Fund Management Ltd bought a new stake in Bloom Energy in the fourth quarter worth $347,560,000. Norges Bank bought a new stake in shares of Bloom Energy in the 4th quarter worth about $239,683,000. Jennison Associates LLC lifted its holdings in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock worth $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Amundi boosted its stake in shares of Bloom Energy by 390.7% during the 4th quarter. Amundi now owns 3,154,197 shares of the company's stock worth $274,068,000 after purchasing an additional 2,511,426 shares during the period. Finally, Man Group plc boosted its stake in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company's stock worth $57,239,000 after purchasing an additional 1,530,167 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $271.13 on Friday. The company has a market cap of $77.12 billion, a P/E ratio of -5,421.48 and a beta of 3.73. Bloom Energy has a 52-week low of $22.81 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The firm's fifty day moving average is $281.32 and its two-hundred day moving average is $191.39.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm's revenue for the quarter was up 130.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts anticipate that Bloom Energy will post 1.34 EPS for the current fiscal year.

Bloom Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.