Bloom Energy (NYSE:BE) Stock Jumps 13.2% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s stock price shot up 13.2% during trading on Wednesday. The stock traded as high as $217.85 and last traded at $209.9270. 18,179,431 shares changed hands during trading, an increase of 35% from the average session volume of 13,482,429 shares. The stock had previously closed at $185.42.

Bloom Energy News Roundup

Here’s some of the latest news about BE:

• Positive Sentiment: CoreWeave’s strong earnings helped spark a broader rally in power stocks, reinforcing optimism that expanding AI infrastructure will drive demand for Bloom Energy’s on-site power systems. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Royal Bank of Canada reiterated its Outperform rating and $335 price target, signaling confidence in Bloom’s prospects despite recent weakness in data-center stocks. Bloom Energy Sank on Midterm Fears: Why RBC Sees 68% Upside
• Negative Sentiment: Valuation remains a risk after the stock’s sharp multi-year run: one analysis notes shares have risen about 14-fold in three years, while another puts the shares at more than 60 times projected 2026 adjusted EPS. Bloom also recorded negative free cash flow in the third quarter, raising questions about whether future cash generation can support its valuation. Can Bloom Energy Justify Its Price on Future Cash Flow?

Wall Street Analyst Weigh In

BE has been the topic of several recent research reports. BMO Capital Markets downgraded Bloom Energy from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 3rd. TD Cowen upgraded Bloom Energy to a “hold” rating in a research note on Monday, October 5th. BTIG Research dropped their target price on Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Sanford C. Bernstein increased their target price on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd. Finally, Wells Fargo & Company raised their target price on Bloom Energy from $176.00 to $182.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $263.05.

Bloom Energy Stock Performance

The stock has a fifty day moving average price of $245.27 and a two-hundred day moving average price of $221.40. The company has a market cap of $62.07 billion, a P/E ratio of 128.79, a PEG ratio of 1.96 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 138.1% on a year-over-year basis. On average, equities analysts forecast that Bloom Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,859 shares of company stock worth $20,994,650 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

Several institutional investors have recently bought and sold shares of the stock. Montanova Capital LLC bought a new position in Bloom Energy during the 2nd quarter valued at $10,231,000. 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 worth $401,849,000 after buying an additional 583,135 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of Bloom Energy in the 1st quarter worth $813,000. Assenagon Asset Management S.A. raised its stake in shares of Bloom Energy by 3,398.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after buying an additional 233,020 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Bloom Energy in the first quarter valued at $8,468,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.