Bloom Energy (NYSE:BE) Stock Price Up 4.3% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares traded up 4.3% during trading on Wednesday . The company traded as high as $275.18 and last traded at $270.61. 13,191,280 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 12,569,966 shares. The stock had previously closed at $259.35.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: S&P 500 inclusion is the clearest near-term catalyst. S&P Dow Jones Indices confirmed that Bloom Energy will join the index before the market opens on September 21. Index-tracking funds may need to purchase the shares, potentially supporting demand and liquidity. Bloom Energy Gains 4% as S&P 500 Entry Nears
• Positive Sentiment: Bloom’s 800V DC-native fuel-cell technology is being marketed as a major AI infrastructure advantage. The company said its system could reduce non-compute capital costs for a 1-gigawatt data center by $3.6 billion and lower five-year total ownership costs by $5.5 billion, partly by reducing power-conversion equipment and eliminating some transformer requirements. Bloom Energy’s 800V DC-Native Power
• Positive Sentiment: Project Phoenix provides an additional data-center validation point. RBC highlighted the deployment of Bloom fuel cells in Aligned Data Centers’ planned 2-gigawatt Pennsylvania project, reinforcing expectations that onsite power demand could drive future orders and earnings growth. Bloom Energy Project Phoenix Data-Center Opportunity
• Neutral Sentiment: Valuation and expectations are elevated. Bloom’s recent earnings and revenue growth were strong, but its very high earnings multiple leaves the stock sensitive to any slowdown in AI-related demand, project execution or guidance.
• Negative Sentiment: Several law firms publicized a securities class action and a September 28 lead-plaintiff deadline. The lawsuit alleges Bloom inadequately disclosed exposure to Chinese-sourced scandium and components routed through third countries. The allegations have not been adjudicated, but the litigation creates reputational, legal and potential financial risks. Bloom Energy Securities Class Action

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $282.00 price objective on shares of Bloom Energy in a research report on Thursday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Finally, BTIG Research reiterated a “buy” rating and issued a $295.00 price target on shares of Bloom Energy in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.14.

Bloom Energy Stock Up 4.3%

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 stock has a 50 day simple moving average of $224.39 and a 200-day simple moving average of $227.56. The firm has a market cap of $79.70 billion, a PE ratio of 360.81, a PEG ratio of 3.29 and a beta of 3.80.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts predict that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In related news, Director Jeffrey Immelt sold 30,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 2,053 shares of Bloom Energy stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $241.64, for a total transaction of $496,086.92. Following the completion of the transaction, the insider directly owned 205,364 shares of the company’s stock, valued at $49,624,156.96. This trade represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 77,968 shares of company stock worth $18,810,011 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BE. Geode Capital Management LLC boosted its position in shares of Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 during the last quarter. Jennison Associates LLC lifted its stake in 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 during the period. Brooklands Fund Management Ltd bought a new position in Bloom Energy during the 4th quarter valued at about $347,560,000. Finally, Bank of America Corp DE boosted its holdings in shares of Bloom Energy by 6.1% during the 1st 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 last quarter. 77.04% of the stock is owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.