Bloom Energy (NYSE:BE) Trading 8.5% Higher - Here's Why

Key Points

• Bloom Energy shares jumped 8.5% to about $235.79 amid optimism that rising AI data-center electricity demand could drive large-scale deployments, supported by the company’s expanded potential $25 billion framework with Brookfield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $248.05 price target, while recent earnings significantly exceeded expectations and revenue rose 165.5% year over year.
• Risks remain substantial: Bloom trades at a P/E of roughly 314 and has a high beta of 3.80, while securities litigation over alleged disclosures concerning Chinese export controls, tariffs and material sourcing adds potential financial and reputational exposure.

Bloom Energy Corporation (NYSE:BE - Get Free Report)'s share price shot up 8.5% during mid-day trading on Thursday . The stock traded as high as $238.41 and last traded at $235.79. Approximately 15,550,231 shares were traded during mid-day trading, an increase of 25% from the average session volume of 12,454,313 shares. The stock had previously closed at $217.28.

More Bloom Energy News

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

• Positive Sentiment: AI power-demand thesis supported the rally. Bloom Energy was highlighted as a beneficiary of rising electricity needs from data centers. The company’s expanded framework with Brookfield Asset Management—potentially worth up to $25 billion—has reinforced expectations for large-scale deployments of Bloom’s systems. Brookfield AI power framework article
• Positive Sentiment: Risk-on trading favored high-beta clean-energy stocks. Bloom outperformed fuel-cell peers as investors rotated into higher-risk growth names. The move suggests market momentum, rather than a new company-specific announcement, was an important driver of the day’s strength. Bloom Energy risk-on trading article
• Positive Sentiment: Institutional investor commentary was constructive. Sands Capital’s Select Growth Fund identified Bloom as a potential structural-growth investment tied to disruptive energy technology. Separately, Bloom was listed among companies that could be added to the S&P 500, which could attract index-related buying if confirmed. Sands Capital Bloom Energy article
• Neutral Sentiment: Valuation and volatility remain important risks. Bloom’s reported earnings and revenue growth have been strong, but the stock trades at a very high earnings multiple and has a beta of 3.80, making it particularly sensitive to changes in growth sentiment, interest rates and risk appetite.
• Negative Sentiment: Several law firms publicized a securities class action against Bloom. The complaints cover investors who purchased shares between February 27, 2025, and July 8, 2026, and allege Bloom misrepresented its exposure to Chinese export controls, U.S. tariffs and the sourcing of critical materials, including alleged Chinese scandium exposure. The claims are allegations and have not been proven, but the litigation could create reputational, financial and disclosure risks. Investors have been advised that the lead-plaintiff deadline is September 28, 2026. Bloom Energy class action notice

Wall Street Analyst Weigh In

Several analysts recently weighed in on BE shares. Clear Str upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Roth Capital increased their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Sanford C. Bernstein restated a "market perform" rating and issued a $282.00 price objective on shares of Bloom Energy in a report on Thursday, August 27th. BMO Capital Markets cut their target price on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 29th. Finally, Mizuho raised Bloom Energy from a "neutral" rating to an "outperform" rating and reduced their target price for the stock from $285.00 to $242.00 in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $248.05.

Bloom Energy Trading Up 8.5%

The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock's 50-day moving average is $228.44 and its two-hundred day moving average is $220.88. The company has a market cap of $69.45 billion, a P/E ratio of 314.39, a P/E/G ratio of 2.93 and a beta of 3.80.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm's revenue was up 165.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts predict that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider owned 163,807 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Immelt sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares of the company's stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 89,464 shares of company stock worth $22,131,255. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BE. California State Teachers Retirement System increased its stake in shares of Bloom Energy by 39,637.2% in the second quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company's stock worth $37,391,539,000 after purchasing an additional 123,215,865 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy during the 4th quarter valued at $347,560,000. Norges Bank bought a new position in Bloom Energy in the 4th quarter worth $239,683,000. Jennison Associates LLC increased its stake in 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 buying an additional 2,673,710 shares in the last quarter. Finally, Amundi increased its stake in Bloom Energy by 390.7% in the 4th quarter. Amundi now owns 3,154,197 shares of the company's stock worth $274,068,000 after buying an additional 2,511,426 shares in the last quarter. Institutional investors own 77.04% of the company's stock.

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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