Bloom Energy (NYSE:BE) Shares Up 3.3% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) shot up 3.3% during trading on Wednesday . The stock traded as high as $297.87 and last traded at $290.0450. 8,966,302 shares were traded during mid-day trading, a decline of 20% from the average session volume of 11,245,057 shares. The stock had previously closed at $280.69.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy won a major AI data center-related contract through Federal Pacific, which announced its largest single order ever for medium-voltage switchgear and engineering services. The deal expands Bloom’s role in mission-critical power infrastructure and reinforces the company’s exposure to fast-growing AI energy demand. Bloom Energy Lands Record AI Deal As Valuation Stretches Above Targets
• Positive Sentiment: Federal Pacific separately confirmed the same contract, calling it the largest order in its history and tying it directly to a large-scale AI data center project, which adds credibility to Bloom Energy’s growth narrative. Federal Pacific Awarded Bloom Energy Contract Supporting AI Data Center Infrastructure
• Positive Sentiment: Jim Cramer publicly backed Bloom Energy, saying data centers are “going crazy for it” and telling viewers they should buy the stock. That kind of media endorsement can add momentum to an already hot name. Jim Cramer on Bloom Energy: “All the Data Centers Are Going Crazy for It”
• Positive Sentiment: Barclays raised its price target on Bloom Energy, signaling more confidence in the company’s AI data center power story and helping support the stock’s valuation. Barclays Just Hiked Bloom Energy Price Target to $254: AI Data Center Power Story Just Got Bigger
• Neutral Sentiment: Several commentary pieces highlighted Bloom Energy’s massive rally and argued it could still have long-term upside, but these were mostly opinion pieces rather than new fundamental developments. 2 Reasons Bloom Energy Is a Once-in-a-Decade Stock Pick for Long-Term Investors
• Neutral Sentiment: Bloom Energy was also mentioned in an industry report on the solid oxide fuel cell market, which is supportive of the long-term sector backdrop but not a direct company-specific catalyst. $143.66 Bn Solid Oxide Fuel Cell Market, 2040 with Adelan, Aisin, AVL List, Bloom Energy, Ceres Power Leading
• Negative Sentiment: One theme across recent coverage is that Bloom Energy’s valuation has become stretched after the sharp run-up, which could make the stock more vulnerable to pullbacks if execution disappoints. Bloom Energy Lands Record AI Deal As Valuation Stretches Above Targets

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Roth Mkm set a $225.00 price target on Bloom Energy in a research report on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a report on Tuesday, April 14th. Finally, Barclays boosted their target price on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.48.

Bloom Energy Stock Performance

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 stock has a market capitalization of $82.50 billion, a P/E ratio of -5,799.74 and a beta of 3.82. The business has a 50-day moving average price of $186.16 and a 200 day moving average price of $145.55.

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, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. During the same quarter last year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the sale, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $6,674,000.00. Following the completion of the transaction, the director directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 515,092 shares of company stock worth $95,003,475. Insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new position in Bloom Energy in the 1st quarter worth $27,000. WPG Advisers LLC raised its holdings in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Hantz Financial Services Inc. lifted its position in Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Finally, Godsey & Gibb Inc. grew its holdings in Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. 77.04% of the stock is currently owned by institutional investors.

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.