Wells Fargo & Company Cuts Bloom Energy (NYSE:BE) Price Target to $176.00

Bloom Energy (NYSE:BE) had its target price reduced by investment analysts at Wells Fargo & Company from $217.00 to $176.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 16.01% from the company’s previous close.

Several other research analysts have also recently commented on the company. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a research note on Wednesday. Barclays increased their price target on Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. BMO Capital Markets decreased their price objective on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a research note on Wednesday. Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, UBS Group cut their target price on shares of Bloom Energy from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and an average price target of $246.18.

Bloom Energy Price Performance

Shares of BE opened at $209.56 on Thursday. The company has a market cap of $59.61 billion, a P/E ratio of 280.11 and a beta of 3.73. Bloom Energy has a fifty-two week low of $32.52 and a fifty-two week high of $351.28. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm’s 50 day moving average price is $264.93 and its 200 day moving average price is $208.65.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 44.62%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. During the same quarter last year, the company posted $0.10 EPS. The firm’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, research analysts forecast that Bloom Energy will post 1.43 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 8,343 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares in the company, valued at $49,202,708.59. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John T. Chambers sold 55,000 shares of the firm’s 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 transaction, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 118,617 shares of company stock valued at $34,238,909 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BE. Sunpointe LLC purchased a new stake in Bloom Energy in the second quarter valued at approximately $341,000. Bogart Wealth LLC grew its position in shares of Bloom Energy by 725.0% during the second quarter. Bogart Wealth LLC now owns 132 shares of the company’s stock worth $40,000 after acquiring an additional 116 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of Bloom Energy by 12.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 4,252 shares of the company’s stock worth $1,287,000 after acquiring an additional 467 shares during the last quarter. CRA Financial Services LLC acquired a new position in shares of Bloom Energy in the 2nd quarter valued at $214,000. Finally, Perryman Financial Advisory Inc. AD acquired a new position in shares of Bloom Energy in the 2nd quarter valued at $848,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Strong Q2 results and higher guidance: Bloom reported adjusted earnings of $0.78 per share versus the $0.39 consensus estimate, while revenue surged 165.5% year over year to $1.07 billion, exceeding expectations of approximately $826 million. The company raised its 2026 revenue outlook to $3.9 billion-$4.2 billion and EPS guidance to $2.55-$2.85, supported by product growth and demand for onsite power. Bloom Energy Reports Record Second Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: AI data-center demand remains a major catalyst: Management highlighted accelerating power requirements from artificial-intelligence infrastructure, expanded financing partnerships and operating leverage. The company’s Brookfield financing backstop reportedly increased to $25 billion, potentially helping fund large-scale deployments. Why Bloom Energy May Be the Most Important AI Infrastructure Stock
• Positive Sentiment: Analyst sentiment improved: Mizuho upgraded BE from “neutral” to “outperform” with a $242 target, while Clear Street and Zacks Research moved their ratings from “hold” to “strong buy.” BTIG also reaffirmed its “buy” rating. Mizuho’s target was reduced from $285, but it still implies substantial potential upside based on the reference price. Analyst Ratings
• Neutral Sentiment: Mixed target-price signals: JPMorgan maintained an “overweight” rating but lowered its target to $314 from $346. BMO reduced its target to $227 from $279 and kept a “market perform” rating, indicating analysts remain constructive but more cautious after the stock’s sharp run.
• Negative Sentiment: Valuation and profit-taking are limiting momentum: With a very high reported P/E ratio and significant recent volatility, investors may be locking in gains despite the earnings beat. The stock’s pullback after its earnings-driven rebound suggests expectations for AI-related growth are already elevated.

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.