Bloom Energy Corporation (NYSE:BE – Get Free Report) traded up 4.8% during mid-day trading on Thursday . The stock traded as high as $310.00 and last traded at $303.7140. 8,000,558 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 11,223,392 shares. The stock had previously closed at $289.76.
Key Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy was highlighted in a Polen Capital investor letter as a beneficiary of surging AI power demand, reinforcing the investment case that data center electricity needs could support long-term growth. AI Power Demand is Lifting Bloom Energy (BE)
- Positive Sentiment: Federal Pacific announced a large contract tied to a Bloom Energy AI data center project, with the deal described as the largest single order in Federal Pacific’s history. Investors are likely viewing this as fresh evidence of accelerating demand for Bloom’s power solutions in mission-critical AI infrastructure. Federal Pacific Awarded Bloom Energy Contract Supporting AI Data Center Infrastructure
- Positive Sentiment: Jim Cramer publicly backed Bloom Energy on Mad Money, saying data centers are “going crazy for it” and telling viewers to buy the stock, which can add to retail and momentum buying. Jim Cramer on Bloom Energy: “All the Data Centers Are Going Crazy for It”
- Neutral Sentiment: Several recent opinion pieces and market commentary have called Bloom Energy a standout or “once-in-a-decade” idea, which may help sentiment, but these are not new operating results or guidance updates. 2 Reasons Bloom Energy Is a Once-in-a-Decade Stock Pick for Long-Term Investors
- Negative Sentiment: One article flagged Bloom Energy among stocks facing bearish Wall Street price targets, suggesting valuation concerns may be growing as the shares have run sharply higher. 1 Unpopular Stock That Should Get More Attention and 2 We Avoid
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Barclays boosted their price target on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and an average target price of $217.48.
Bloom Energy Trading Up 4.8%
The firm’s 50 day moving average is $188.64 and its 200 day moving average is $146.87. The company has a market cap of $86.39 billion, a PE ratio of -6,073.07 and a beta of 3.82. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.
Bloom Energy (NYSE:BE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. 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 1.26 earnings per share for the current year.
Insider Activity at Bloom Energy
In related news, Director Mary K. Bush sold 25,000 shares of the business’s 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 transaction, the director owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. The trade was a 18.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 515,092 shares of company stock valued at $95,003,475 in the last quarter. 3.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Bloom Energy
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Bloom Energy in the 1st quarter worth approximately $27,000. Godsey & Gibb Inc. grew its stake in Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. CENTRAL TRUST Co grew its stake in Bloom Energy by 10,000.0% in the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after buying an additional 300 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares in 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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