Shares of Bloom Energy Corporation (NYSE:BE – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $254.29, but opened at $276.08. Bloom Energy shares last traded at $264.1850, with a volume of 2,596,008 shares traded.
Bloom Energy News Roundup
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Retail traders are pushing back against Hunterbrook Capital’s short-seller report, saying the claims are “manipulation,” which is helping BE rebound in premarket trading. BE Stock Rises Premarket: Retail Dismisses Short-Seller Report As ‘Manipulation’
- Positive Sentiment: Robert W. Baird reaffirmed its outperform rating and raised its price target to $310, signaling continued analyst confidence in Bloom Energy’s upside. Benzinga report on Baird price target
- Positive Sentiment: Bloom Energy’s expanded AI infrastructure partnership with Brookfield, now sized at $25 billion, continues to be a key long-term bullish catalyst for the stock. Brookfield, Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
- Neutral Sentiment: Bloom Energy said it is reviewing the short-seller allegations and will “correct the record,” but it has not yet provided a detailed rebuttal. BE Stock Drops 6% After Short Seller Flags Supply Chain Snag On Chinese Overreliance; Bloom Energy Says “Will Correct Record”
- Negative Sentiment: Hunterbrook’s report triggered a selloff by questioning Bloom Energy’s AI supply-chain claims and sparked multiple securities-law investigations and class-action interest. Rosen Law Firm Encounters Bloom Energy securities class action investigation
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on BE. BTIG Research boosted their price target on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a report on Wednesday, June 10th. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. TD Cowen upped their price target on Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating and issued a $350.00 price objective on shares of Bloom Energy in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $241.91.
Bloom Energy Stock Up 2.9%
The business has a 50-day simple moving average of $283.61 and a 200-day simple moving average of $196.15. 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 company has a market cap of $74.41 billion, a price-to-earnings ratio of -5,203.14 and a beta of 3.73.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping 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 business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business’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. On average, equities analysts anticipate that Bloom Energy Corporation will post 1.34 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary K. Bush sold 25,000 shares of the stock in a transaction that occurred on 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 directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 228,617 shares of company stock valued at $59,843,659 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Bloom Energy
Several large investors have recently bought and sold shares of the business. Bayforest Capital Ltd acquired a new position in shares of Bloom Energy during the 1st quarter worth about $2,055,000. AQR Capital Management LLC acquired a new stake in shares of Bloom Energy during the 1st quarter worth about $1,820,000. NewEdge Advisors LLC raised its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.
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.
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