Bloom Energy (NYSE:BE) Shares Gap Up on Analyst Upgrade

Key Points

• Bloom Energy shares jumped from a $203.92 close to a $214.12 open after Wells Fargo raised its price target to $182, though it maintained an equal-weight rating. Shares later traded near $219.80.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $259; RBC and UBS issued targets of $335 and $350, respectively.
• Recent quarterly results exceeded expectations, with EPS of $0.94 versus $0.69 expected and revenue up 138.1% year over year to $1.24 billion. However, negative operating and free cash flow and the stock’s elevated valuation remain key risks.

Bloom Energy Corporation (NYSE:BE - Get Free Report)'s stock price gapped up prior to trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $176.00 to $182.00. The stock had previously closed at $203.92, but opened at $214.12. Wells Fargo & Company currently has an equal weight rating on the stock. Bloom Energy shares last traded at $219.7970, with a volume of 5,466,138 shares.

A number of other equities analysts have also recently issued reports on BE. KeyCorp restated a "sector weight" rating on shares of Bloom Energy in a report on Friday. Oppenheimer reaffirmed a "market perform" rating on shares of Bloom Energy in a research note on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $335.00 price target on shares of Bloom Energy in a research report on Friday. Citigroup reissued a "buy" rating on shares of Bloom Energy in a research note on Friday. Finally, UBS Group boosted their price objective on shares of Bloom Energy from $325.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $259.00.

Insider Transactions at Bloom Energy

In other news, Director John T. Chambers sold 15,000 shares of the company's 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 completion of the transaction, the director directly owned 208,333 shares of the company's stock, valued at $52,083,250. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider owned 202,494 shares of the company's stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 89,698 shares of company stock worth $21,780,758. Company insiders own 3.00% of the company's stock.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy raised its 2026 guidance, reinforcing expectations for continued growth and providing a fundamental catalyst for the stock. Bloom Energy raises 2026 guidance
• Positive Sentiment: Recent quarterly results significantly exceeded expectations: revenue increased 138% year over year to $1.24 billion, while earnings per share beat consensus estimates. Operating leverage also improved, supporting the bullish growth narrative. Bloom Energy’s selloff misses the upgrade
• Positive Sentiment: Analyst support has improved, with BMO setting a $260 price target and Barclays raising its target to $316 from $308. Investors are also continuing to view Bloom as a potential beneficiary of AI-related power demand. BMO raises Bloom Energy price target
• Neutral Sentiment: The rebound follows a sharp post-earnings selloff, suggesting some investors are buying the dip after initially focusing on cash-flow concerns rather than the strong income statement. Why did Bloom Energy stock jump?
• Negative Sentiment: Bloom reported negative operating cash flow of approximately $27 million and negative free cash flow of about $181 million in the quarter. Concerns about cash consumption and potential short-term funding needs remain a key risk. Where is the bottom for Bloom Energy?
• Negative Sentiment: Valuation remains demanding, and Wells Fargo maintained an equal-weight rating while lifting its target only to $182, below the referenced market price. Analysts also warn that strong earnings “triple plays” have not consistently produced immediate gains this earnings season. Wells Fargo rating and price target

Institutional Trading of Bloom Energy

A number of institutional investors have recently made changes to their positions in BE. Continuum Advisory LLC acquired a new position in shares of Bloom Energy during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new stake in Bloom Energy during the third quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. raised its holdings 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 acquiring an additional 37 shares in the last quarter. Markowski Investments acquired a new position in Bloom Energy during the second quarter valued at approximately $37,000. Finally, Oakworth Capital Inc. acquired a new position in Bloom Energy during the third quarter valued at approximately $35,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Up 7.7%

The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The firm has a 50-day moving average of $247.73 and a 200 day moving average of $217.94. The stock has a market capitalization of $64.70 billion, a price-to-earnings ratio of 134.62, a PEG ratio of 2.50 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business's revenue was up 138.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

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.

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.