Bloom Energy (NYSE:BE) Trading 15% Higher Following Analyst Upgrade

Bloom Energy Corporation (NYSE:BE) shares rose 15% on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $267.00 to $346.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Bloom Energy traded as high as $229.90 and last traded at $226.5820. Approximately 13,771,574 shares changed hands during trading, an increase of 16% from the average session volume of 11,822,887 shares. The stock had previously closed at $197.06.

BE has been the subject of a number of other reports. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Mizuho set a $285.00 target price on shares of Bloom Energy in a research note on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Evercore restated an “outperform” rating and set a $350.00 price target on shares of Bloom Energy in a research note on Wednesday, July 1st. Finally, Truist Financial assumed coverage on Bloom Energy in a report on Monday, July 13th. They set a “hold” rating and a $250.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $254.00.

Insider Activity at Bloom Energy

In related news, Director Mary K. Bush sold 25,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares in the company, valued at approximately $24,039,385.20. This trade represents a 7.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 153,617 shares of company stock valued at $44,003,909. Insiders own 3.00% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom Energy announced a large $1.7 billion deal linked to AI data center power needs, which investors are viewing as a major growth catalyst for its fuel-cell business. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal
• Positive Sentiment: JPMorgan raised its price target on Bloom Energy to $346 from $267 and kept an Overweight rating, pointing to a strong long-term delivery outlook and projecting 4.1 gigawatts of product deliveries through 2030. Why Bloom Energy (BE) Stock Is Trading Up Today
• Positive Sentiment: Another analyst note highlighted substantial upside for the stock, reinforcing the bullish sentiment around Bloom Energy’s role in AI power infrastructure. Why Bloom Energy Stock Jumped Over 10% Today
• Neutral Sentiment: Broader market conditions were slightly supportive, with U.S. stock futures modestly higher as inflation pressure eased, though this was not specific to Bloom Energy. US Stock Market Today: S&P 500 Futures Edge Higher As Inflation Pressure Eases
• Negative Sentiment: Earlier coverage noted Bloom Energy had been volatile and had recently fallen sharply in a split move within the fuel-cell sector, underscoring that the stock can reverse quickly on sentiment shifts. FuelCell Energy Rallies 6% While Bloom Energy Slides 6%, Splitting the Fuel-Cell Trade

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio grew its holdings in Bloom Energy by 24.8% during the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after acquiring an additional 8,200 shares during the last quarter. Fortem Financial Group LLC bought a new position in shares of Bloom Energy in the fourth quarter worth about $369,000. Norges Bank acquired a new position in shares of Bloom Energy during the fourth quarter worth approximately $239,683,000. Cidel Asset Management Inc. acquired a new position in shares of Bloom Energy during the first quarter worth approximately $445,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Bloom Energy during the first quarter valued at approximately $8,468,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Price Performance

The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm has a market capitalization of $64.45 billion, a P/E ratio of -4,530.73 and a beta of 3.73. The company’s 50 day moving average price is $275.55 and its 200 day moving average price is $204.98.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue was up 130.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 1.43 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.