Bloom Energy (NYSE:BE) Shares Up 7.2% – Time to Buy?

Shares of Bloom Energy Corporation (NYSE:BE) rose 7.2% during mid-day trading on Wednesday. The company traded as high as $241.37 and last traded at $238.7660. 12,162,518 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 12,988,062 shares. The stock had previously closed at $222.65.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Results significantly exceeded expectations. Third-quarter revenue surged 138.1% year over year to $1.24 billion, while adjusted EPS of $0.94 topped consensus estimates of roughly $0.69–$0.71. The company also reported $250.3 million in net income, compared with a loss a year earlier. Bloom Energy Q3 earnings report
• Positive Sentiment: Bloom raised its 2026 outlook for the third time. Management now expects adjusted EPS of $3.10–$3.40 and revenue of $4.4–$4.6 billion, both above analyst expectations. The improved outlook reflects record product sales, stronger margins and rising demand for on-site power from data centers and other customers. Bloom Energy lifts outlook
• Positive Sentiment: Several analysts remain constructive. Royal Bank of Canada reaffirmed an outperform rating with a $335 price target, while Bernstein raised its target to $306, though it maintained a market-perform rating. RBC rating
• Neutral Sentiment: Management said demand should extend beyond the artificial-intelligence market as hyperscalers and other customers adopt distributed power. That supports Bloom’s long-term growth narrative, but also leaves the company highly exposed to expectations for data-center power spending. Bloom Energy earnings call transcript
• Negative Sentiment: Cash generation overshadowed the headline results. Bloom reported approximately $180 million of negative net cash flow in the quarter. Investors are concerned that manufacturing expansion and other growth investments could require substantial additional capital before revenue growth translates into sustainable free cash flow. Bloom Energy cash outflows and expansion costs
• Negative Sentiment: The stock’s high valuation increases the risk of profit-taking when investors identify execution or cash-flow concerns. JPMorgan lowered its price target from $314 to $292 while retaining an overweight rating, signaling continued optimism but a more cautious near-term view. JPMorgan rating

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research note on Friday. Mizuho upped their target price on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. cut their price target on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Truist Financial raised their price target on Bloom Energy from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.36.

Bloom Energy Trading Down 11.2%

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 company has a fifty day simple moving average of $249.46 and a two-hundred day simple moving average of $249.56. The company has a market capitalization of $56.95 billion, a P/E ratio of 257.12, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company’s revenue was up 138.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, analysts forecast that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey Immelt sold 30,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the transaction, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Chambers sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the completion of the transaction, the director directly owned 208,333 shares of the company’s stock, valued at approximately $52,083,250. This trade represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 89,698 shares of company stock valued at $21,780,758. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bloom Energy by 78.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares in the last quarter. Bank of America Corp DE increased its stake in Bloom Energy by 6.1% in the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after acquiring an additional 126,649 shares during the period. Bank of New York Mellon Corp bought a new stake in Bloom Energy in the second quarter valued at about $296,413,000. Finally, Elemental Capital Partners LLC raised its position in Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock worth $287,791,000 after purchasing an additional 25,625 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.