Bloom Energy (NYSE:BE) Issues Quarterly Earnings Results

Bloom Energy (NYSE:BE) issued its earnings results on Tuesday. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39, FiscalAI reports. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue for the quarter was up 165.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. Bloom Energy updated its FY 2026 guidance to 2.550-2.850 EPS.

Here are the key takeaways from Bloom Energy’s conference call:

• Record quarterly revenue exceeded $1 billion, reaching $1.065 billion, up 166% year over year, while gross margin expanded to 34.3% and adjusted EBITDA reached $253 million.
• Bloom raised its full-year 2026 outlook to $3.9 billion–$4.2 billion in revenue, $800 million–$900 million in non-GAAP operating income, and $2.55–$2.85 in adjusted diluted EPS.
• Demand from hyperscalers, AI labs, neo-clouds, and data-center operators is accelerating, with Brookfield expanding its financing framework fivefold to $25 billion and other partners bringing total additional commitments to $2.6 billion.
• Management said capacity and supply chain constraints are not currently limiting growth, citing fungible systems, expanded U.S. manufacturing, multiple suppliers, and the ability to deliver on-site power in months rather than years.
• Revenue can remain lumpy and concentrated in individual quarters because large campus deliveries depend on customer readiness; the company also withdrew its formal free-cash-flow guide, although it indicated operating cash flow should exceed $375 million.

Bloom Energy Stock Up 2.0%

BE stock traded up $3.36 during trading on Wednesday, reaching $170.20. 8,842,458 shares of the company traded hands, compared to its average volume of 11,928,069. The business has a 50 day simple moving average of $267.30 and a 200 day simple moving average of $208.35. Bloom Energy has a 12 month low of $32.52 and a 12 month high of $351.28. 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 capitalization of $48.41 billion, a price-to-earnings ratio of -3,452.43 and a beta of 3.73.

Analysts Set New Price Targets

BE has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Sanford C. Bernstein raised their price target on Bloom Energy from $276.00 to $282.00 and gave the company a “market perform” rating in a research note on Wednesday. Evercore restated an “outperform” rating and issued a $350.00 price objective on shares of Bloom Energy in a report on Wednesday, July 1st. Robert W. Baird reiterated an “outperform” rating and set a $310.00 target price on shares of Bloom Energy in a report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and a consensus target price of $252.00.

Insiders Place Their Bets

In other Bloom Energy news, 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 transaction of $6,674,000.00. Following the completion of the sale, the director directly owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the sale, the chief accounting officer owned 81,945 shares in the company, valued at $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,617 shares of company stock valued at $34,238,909 in the last three months. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

Several hedge funds and other institutional investors have recently made changes to their positions in BE. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Bloom Energy in the 4th quarter worth $28,000. McMillan Office Inc. purchased a new stake in Bloom Energy in the fourth quarter valued at about $37,000. Kemnay Advisory Services Inc. acquired a new stake in Bloom Energy in the fourth quarter worth about $49,000. UMB Bank n.a. acquired a new stake in Bloom Energy in the fourth quarter worth about $61,000. Finally, Gen Wealth Partners Inc grew its stake in shares of Bloom Energy by 1,532.6% during the fourth quarter. Gen Wealth Partners Inc now owns 702 shares of the company’s stock worth $61,000 after acquiring an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Record results beat expectations: Second-quarter revenue reached $1.065 billion, up 165.5% year over year and well above the $826 million consensus estimate. Adjusted earnings of $0.78 per share were double the $0.39 expected and rose from $0.10 a year earlier. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Outlook was raised materially: Bloom increased its fiscal 2026 revenue forecast to $3.9 billion-$4.2 billion from $3.4 billion-$3.8 billion previously, above the roughly $3.7 billion analyst consensus. Its EPS guidance of $2.55-$2.85 also exceeds the $1.99 consensus. Management said its order backlog is growing faster than revenue. Bloom Energy Beats Q2 Expectations and Raises Revenue Outlook
• Positive Sentiment: AI power demand is strengthening the growth story: Investors view Bloom as a potential power supplier for constrained AI data-center capacity. An expanded Brookfield Asset Management financing partnership, reportedly rising from $5 billion to $25 billion, could support large-scale deployments. BTIG Research reaffirmed its “buy” rating and set a $295 price target. Bloom Energy Stock Surges After Record Quarter
• Neutral Sentiment: Brokerage sentiment remains mixed, with Bloom Energy carrying an average “hold” rating despite BTIG’s bullish view. Bloom Energy Given Average Hold Rating
• Negative Sentiment: Valuation and volatility remain risks. BE has already delivered a very large multiyear gain, trades far above its 50-day moving average after the recent swings, and some commentary suggests the stock may be fully priced. Its high beta may amplify future pullbacks if AI spending expectations weaken.

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.