Bloom Energy (NYSE:BE) Trading 15% Higher on 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 traded hands during mid-day trading, an increase of 16% from the average session volume of 11,822,887 shares. The stock had previously closed at $197.06.

Several other research firms have also issued reports on BE. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and set a $350.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 1st. Mizuho set a $285.00 target price on Bloom Energy in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average price target of $254.00.

Insider Buying and Selling at Bloom Energy

In other news, CAO Maciej Kurzymski sold 2,259 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer directly owned 79,686 shares in the company, valued at $22,998,973.32. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the transaction, the director owned 238,333 shares in the company, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 153,617 shares of company stock worth $44,003,909. 3.00% of the stock is owned by corporate insiders.

Bloom Energy News Roundup

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Bloom Energy from $267 to $346 and kept an overweight rating, implying meaningful upside from the current share price. Article link
• Positive Sentiment: Another report said one analyst sees about 75% upside in Bloom Energy, reinforcing the bullish case and helping explain investor buying. Article link
• Positive Sentiment: Bloom Energy was also featured among top stock picks tied to AI infrastructure and a projected earnings increase, which may have drawn additional momentum traders. Article link
• Neutral Sentiment: Broader market sentiment was slightly supportive, with U.S. stock futures edging higher as inflation pressures eased, though this was not specific to Bloom Energy. Article link
• Neutral Sentiment: Coverage describing a “$1.7 billion reason to buy” Bloom Energy added to the bullish narrative, but the article appears more thematic than a fresh company-specific event. Article link
• Negative Sentiment: A prior article noted Bloom Energy shares had slipped in Monday trading while the fuel-cell sector showed mixed performance, indicating the stock has still been volatile despite the recent rebound. Article link

Institutional Trading of Bloom Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. raised its holdings in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Compound Planning Inc. boosted its holdings in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after buying an additional 38 shares during the period. Carolina Wealth Advisors LLC increased its stake in Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares during the last quarter. Blue Trust Inc. grew its position in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Bloom Energy by 1.6% during the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares during the period. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a market cap of $64.45 billion, a PE ratio of -4,530.73 and a beta of 3.73. The business has a 50 day simple moving average of $276.65 and a two-hundred day simple moving average of $203.99.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities research analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

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.