Bloom Energy Corporation (NYSE:BE) Receives $236.14 Consensus Target Price from Brokerages

Bloom Energy Corporation (NYSE:BE) has been given a consensus rating of “Hold” by the twenty-four ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $238.8182.

BE has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Bloom Energy from $322.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Robert W. Baird increased their target price on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Finally, Mizuho set a $285.00 target price on shares of Bloom Energy in a research note on Friday, May 1st.

Bloom Energy Trading Down 5.7%

Shares of NYSE BE opened at $254.10 on Friday. Bloom Energy has a 1-year low of $24.04 and a 1-year high of $351.28. The business has a fifty day moving average price of $283.61 and a 200 day moving average price of $196.15. The stock has a market capitalization of $72.28 billion, a P/E ratio of -5,080.96 and a beta of 3.73. 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) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts expect that Bloom Energy will post 1.34 EPS for the current fiscal year.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy and Brookfield expanded their AI infrastructure partnership financing framework from $5 billion to $25 billion, highlighting much larger potential demand for Bloom’s power systems in AI data-center buildouts.
• Neutral Sentiment: Bloom Energy saw unusually heavy put-option activity, suggesting traders are positioning for more downside volatility after the recent run-up.
• Neutral Sentiment: Some commentary framed the recent pullback as profit-taking after a strong rally, with investors waiting for the next catalyst.
• Negative Sentiment: A Hunterbrook short report raised concerns about Bloom Energy’s supply chain and alleged overreliance on China, prompting the company to say it is reviewing the report and “will correct the record.” Article Title
• Negative Sentiment: Bloom Energy also became the target of securities-fraud investigation notices from law firms, which can weigh on sentiment by signaling possible shareholder claims and regulatory risk. Article Title

Insider Activity

In related news, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the transaction, the insider directly owned 207,417 shares of the company’s stock, valued at $59,966,328.87. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the stock in a transaction dated 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 sale, the insider owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 228,617 shares of company stock worth $59,843,659. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. boosted its stake in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Compound Planning Inc. increased its stake in Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after buying an additional 54 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Bloom Energy by 0.7% during the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds 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.