Bloom Energy (NYSE:BE) Shares Gap Up Following Analyst Upgrade

Shares of Bloom Energy Corporation (NYSE:BE) gapped up prior to trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $267.00 to $346.00. The stock had previously closed at $197.06, but opened at $211.07. JPMorgan Chase & Co. currently has an overweight rating on the stock. Bloom Energy shares last traded at $219.69, with a volume of 2,721,065 shares trading hands.

A number of other brokerages have also recently weighed in on BE. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Truist Financial began coverage on shares of Bloom Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $250.00 price objective for the company. Evercore reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 1st. Susquehanna lifted their target price on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Finally, Roth Capital boosted their target price on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $254.00.

Insider Transactions at Bloom Energy

In related news, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the sale, the director owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 2,842 shares of Bloom Energy stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total value of $820,286.46. Following the completion of the sale, the insider directly owned 132,265 shares in the company, valued at approximately $38,175,646.95. This represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 153,617 shares of company stock worth $44,003,909. 3.00% of the stock is owned by insiders.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: JPMorgan boosted its price target on Bloom Energy and reaffirmed an Overweight rating, pointing to strong long-term delivery potential and AI-related demand. Why Bloom Energy (BE) Stock Is Trading Up Today
• Positive Sentiment: Bloom Energy has been tied to a reported $1.7 billion AI data center contract, reinforcing the view that AI infrastructure demand could support growth. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal
• Neutral Sentiment: Investor commentary from Polen Capital highlighted Bloom Energy as a stock benefiting from AI-driven power demand, but this was more of a thesis update than a fresh catalyst. Bloom Energy Corporation (BE) Rose on AI-Driven Power Demand
• Negative Sentiment: After the recent surge, BE pulled back and underperformed the broader market, indicating some profit-taking or cooling momentum. Bloom Energy (BE) Suffers a Larger Drop Than the General Market: Key Insights

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BE. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Bloom Energy during the first quarter worth $27,000. WPG Advisers LLC lifted its stake in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. grew its position in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Trading Down 3.0%

The company has a market cap of $62.41 billion, a P/E ratio of -4,387.08 and a beta of 3.73. The business’s 50-day moving average price is $274.14 and its 200 day moving average price is $205.91. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the prior year, the firm earned $0.03 EPS. Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts expect that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

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.