Bloom Energy (NYSE:BE) Trading Up 9.2% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shot up 9.2% during mid-day trading on Tuesday . The company traded as high as $283.83 and last traded at $276.0960. 27,378,163 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 12,553,902 shares. The stock had previously closed at $252.87.

Bloom Energy News Roundup

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

• Positive Sentiment: S&P 500 inclusion is the main catalyst. Bloom Energy will enter the index before trading begins on September 21, replacing Trade Desk. Index-tracking funds may need to purchase the stock, creating potential near-term buying pressure. Bloom Energy Rallies on News of S&P 500 Addition
• Positive Sentiment: AI infrastructure demand is supporting the growth story. Analysts and market commentators say Bloom’s fuel-cell systems offer hyperscalers fast, scalable power with fewer permitting hurdles. Recent coverage highlighted record second-quarter revenue above $1 billion, 165.5% year-over-year growth, strong margins and raised full-year guidance. Bloom Energy Could See An AI-Memory-Style Frenzy
• Positive Sentiment: Improving earnings expectations are reinforcing bullish sentiment. Bloom Energy has rallied about 20% over the past month, while improving EPS estimates and anticipated passive-fund demand have led some analysts to see additional upside. Bloom Energy Outpaces Its Industry in a Month

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Susquehanna raised their price objective on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research note on Friday, July 10th. BMO Capital Markets reduced their price objective on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a report on Wednesday, July 29th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, July 29th. BTIG Research reissued a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.18.

Bloom Energy Price Performance

The stock has a fifty day simple moving average of $226.44 and a 200-day simple moving average of $223.11. The company has a market capitalization of $81.32 billion, a price-to-earnings ratio of 368.13, a P/E/G ratio of 3.46 and a beta of 3.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same period in the previous year, the firm posted $0.10 EPS. Bloom Energy’s revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post 1.92 EPS for the current year.

Insiders Place Their Bets

In other Bloom Energy news, Director John T. Chambers sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the sale, the director directly owned 208,333 shares of the company’s stock, valued at approximately $52,083,250. This represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Aman Joshi sold 8,343 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the sale, the insider directly owned 163,807 shares in the company, valued at $49,202,708.59. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,464 shares of company stock valued at $22,131,255. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds have recently modified their holdings of BE. California State Teachers Retirement System lifted its stake in shares of Bloom Energy by 39,637.2% in the 2nd quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company’s stock worth $37,391,539,000 after acquiring an additional 123,215,865 shares during the period. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy during the fourth quarter worth about $347,560,000. Norges Bank purchased a new position in Bloom Energy in the 4th quarter valued at approximately $239,683,000. Jennison Associates LLC raised its holdings in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. Finally, Amundi raised its holdings in Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after purchasing an additional 2,511,426 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.