Bloom Energy (NYSE:BE) Stock Jumps 3.4% on Analyst Upgrade

Key Points

• Bloom Energy shares rose 3.4% to about $296 after TD Cowen upgraded the stock to a “Hold” rating.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $257.18, though views range from “Strong Buy” to “Sell.”
• The company reported strong quarterly results, including $0.78 in adjusted EPS versus $0.39 expected and $1.07 billion in revenue, but the stock trades at a demanding valuation near 395 times earnings; insiders have also sold shares recently.

Bloom Energy Corporation (NYSE:BE - Get Free Report) traded up 3.4% during mid-day trading on Tuesday after TD Cowen upgraded the stock to a hold rating. The company traded as high as $300.80 and last traded at $296.2990. Approximately 12,276,574 shares traded hands during trading, a decline of 5% from the average session volume of 12,986,633 shares. The stock had previously closed at $286.65.

Several other research analysts have also weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Bloom Energy in a research report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $346.00 to $314.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Citigroup reaffirmed a "hold" rating on shares of Bloom Energy in a research note on Thursday, July 16th. Zacks Research upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised Bloom Energy from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Bloom Energy presently has an average rating of "Moderate Buy" and an average price target of $257.18.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the transaction, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director directly owned 201,243 shares of the company's stock, valued at $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 89,698 shares of company stock worth $21,780,758 in the last three months. 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: TD Cowen upgraded Bloom Energy’s rating to “Hold,” an improvement in its stance that provides some support for the stock after its substantial rally. Bloom Energy Stock Rating Upgraded by TD Cowen
• Positive Sentiment: Bloom’s second-quarter results were considerably stronger than expected. The company reported adjusted EPS of $0.78 versus the $0.39 consensus estimate and revenue of $1.07 billion versus expectations of roughly $826 million. Revenue increased 165.5% year over year, reinforcing optimism about demand and operating leverage. Bloom Energy Q2 Earnings
• Positive Sentiment: Expansion of Bloom’s manufacturing capacity is being viewed as preparation for rising demand, particularly from data centers and other customers seeking reliable, on-site power. Bloom Energy Expands Manufacturing Capacity
• Positive Sentiment: Bloom’s claim that its fuel cells could reduce construction costs for a 1-gigawatt AI data center by approximately $3.6 billion, or 27%, is strengthening the company’s AI infrastructure investment case. Bloom Energy AI Data Center Savings
• Neutral Sentiment: Bloom Energy also benefited from broader fuel-cell-sector interest after Fit Energy announced plans to power a Pennsylvania data center with fuel cells. The move offers sector validation, but the plan directly benefits FuelCell Energy more than Bloom. FuelCell Energy and Bloom Energy Data Center Reaction
• Negative Sentiment: Despite the positive outlook, Bloom trades at a very demanding valuation—approximately 398 times earnings in the supplied market data. Some analysts therefore view the shares as vulnerable if data-center contracts, profitability or growth fail to meet elevated expectations. Bloom Energy Valuation Concerns

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. Montanova Capital LLC acquired a new position in Bloom Energy in the second quarter valued at approximately $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock worth $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Bloom Energy during the 1st quarter worth approximately $813,000. Assenagon Asset Management S.A. lifted its position in shares of Bloom Energy by 3,398.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company's stock worth $72,611,000 after buying an additional 233,020 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Bloom Energy in the 1st quarter valued at $8,468,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

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's fifty day moving average price is $239.54 and its 200-day moving average price is $239.48. The firm has a market cap of $87.27 billion, a price-to-earnings ratio of 395.07, a PEG ratio of 3.70 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS 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 for the quarter, compared to analyst estimates of $826.13 million. During the same period last year, the business earned $0.10 EPS. Bloom Energy's revenue for the quarter was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Analysts expect that Bloom Energy Corporation will post 2.06 earnings per share for the current year.

About Bloom Energy

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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