Bloom Energy (NYSE:BE) Price Target Raised to $351.00

Bloom Energy (NYSE:BE) had its target price hoisted by Robert W. Baird from $310.00 to $351.00 in a research note released on Thursday, Marketbeat reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on the company. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. BMO Capital Markets lowered their price objective on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a report on Wednesday, July 29th. Sanford C. Bernstein restated a “market perform” rating and set a $282.00 price objective on shares of Bloom Energy in a research note on Wednesday, October 7th. Truist Financial reduced their target price on Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Two equities research analysts have 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.05.

Bloom Energy Stock Down 6.2%

Shares of NYSE BE opened at $221.61 on Thursday. Bloom Energy has a 1 year low of $75.70 and a 1 year high of $351.28. The firm has a market cap of $65.27 billion, a price-to-earnings ratio of 295.48, a PEG ratio of 2.85 and a beta of 3.77. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The stock’s 50-day simple moving average is $249.30 and its 200-day simple moving average is $246.10.

Bloom Energy (NYSE:BE) last released 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 return on equity of 35.45% and a net margin of 7.87%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue 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. As a group, equities analysts anticipate that Bloom Energy will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares in the company, valued at approximately $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares in the company, valued at approximately $34,163,855. This trade represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 89,698 shares of company stock worth $21,780,758. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Large investors have recently bought and sold shares of the stock. SteelPeak Wealth LLC raised its position in Bloom Energy by 5.6% in the 3rd quarter. SteelPeak Wealth LLC now owns 15,664 shares of the company’s stock worth $4,339,000 after purchasing an additional 826 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Bloom Energy during the 3rd quarter worth $297,000. CRA Financial Services LLC lifted its holdings in Bloom Energy by 22.5% during the 3rd quarter. CRA Financial Services LLC now owns 866 shares of the company’s stock worth $240,000 after buying an additional 159 shares in the last quarter. Encompass More Asset Management bought a new position in Bloom Energy in the 3rd quarter valued at $871,000. Finally, KRS Capital Management LLC bought a new position in Bloom Energy in the 3rd quarter valued at $504,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Key Bloom Energy News

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

• Positive Sentiment: Robert W. Baird raised its price target for Bloom Energy (BE) to $351 from $310 and maintained an “outperform” rating, signaling substantial potential upside if the company delivers on its AI-power growth opportunity. Benzinga report on Bloom Energy analyst activity
• Positive Sentiment: Truist lifted its price target to $240 from $218, although it retained a “hold” rating. Morgan Stanley also initiated or reiterated a “buy” view, providing additional institutional support. Morgan Stanley gives Bloom Energy a buy rating
• Positive Sentiment: Coverage continues to highlight Bloom’s solid-oxide fuel cells as a potential solution to electricity bottlenecks at AI data centers. The company’s Oracle-related AI-campus opportunity and projected 2026 revenue of $3.9 billion to $4.2 billion support the longer-term growth narrative. Bloom Energy Oracle AI campus coverage
• Neutral Sentiment: Bloom Energy’s $10,000 donations to firefighter and public-safety organizations in Texas and Florida enhance its community profile but are not expected to materially affect financial results or the stock. Bloom Energy supports Central Texas first responders
• Negative Sentiment: The recent AI-power rally is unwinding as investors question whether data-center construction and electricity demand can justify the sector’s valuations. Bloom has risen sharply this year, increasing profit-taking and pullback risk. Barron’s analysis of Bloom Energy’s decline
• Negative Sentiment: Bloom trades at a very demanding valuation, while coverage ahead of earnings says the company may lack the usual indicators associated with a likely earnings beat. Investors are focused on backlog, guidance and whether strong prior revenue growth can continue. Zacks earnings preview for Bloom Energy

Bloom Energy Company Profile

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.