Bloom Energy Corporation (NYSE:BE) Given Average Recommendation of “Moderate Buy” by Brokerages

Bloom Energy Corporation (NYSE:BE) has been assigned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $248.0455.

BE has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Susquehanna increased their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Wells Fargo & Company cut their target price on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Evercore restated an “outperform” rating on shares of Bloom Energy in a report on Friday, August 7th.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: AI data-center demand remains the primary bullish catalyst. Bloom’s solid-oxide fuel cells can provide onsite electricity much faster than traditional grid infrastructure, supporting demand from data centers with urgent power needs. Analysts and bullish investors point to expanding deployments, constructive backlog expectations and the potential for backlog growth beyond the company’s previously reported $20 billion level. Prediction: Bloom Energy’s Backlog Will Top $50 Billion Before Year’s End
• Positive Sentiment: Power Connect could improve execution and accelerate revenue conversion. Bloom says its factory-integrated system pre-wires and tests equipment before delivery, potentially reducing onsite installation time by more than 40% and making the company’s solutions more attractive for rapidly expanding AI infrastructure projects. Bloom Energy Is Up 7.6% After Launching Power Connect To Speed Data Center Deployments
• Positive Sentiment: Recent fundamentals and comparisons remain supportive. Bloom recently exceeded quarterly EPS and revenue expectations, while coverage has highlighted its stronger AI-power growth outlook relative to FuelCell Energy and other energy-storage competitors. Bloom Energy vs. FuelCell Energy: Which Fuel Cell Stock Has an Edge?

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 2,895 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the transaction, the insider directly owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey R. Immelt sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the transaction, the director owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 89,464 shares of company stock worth $22,131,255. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its holdings in Bloom Energy by 1.1% in the 2nd quarter. HighTower Advisors LLC now owns 67,460 shares of the company’s stock worth $20,420,000 after purchasing an additional 737 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Bloom Energy by 39,637.2% during the 2nd quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company’s stock valued at $37,391,539,000 after purchasing an additional 123,215,865 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Bloom Energy during the second quarter valued at about $2,135,000. HB Wealth Management LLC increased its position in shares of Bloom Energy by 40.2% during the second quarter. HB Wealth Management LLC now owns 4,827 shares of the company’s stock valued at $1,461,000 after buying an additional 1,385 shares during the period. Finally, Saudi Central Bank raised its stake in Bloom Energy by 127.9% in the second quarter. Saudi Central Bank now owns 18,899 shares of the company’s stock worth $5,721,000 after buying an additional 10,606 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Performance

NYSE:BE opened at $209.37 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy has a fifty-two week low of $48.87 and a fifty-two week high of $351.28. The firm has a market cap of $61.67 billion, a PE ratio of 279.16, a price-to-earnings-growth ratio of 2.89 and a beta of 3.79. The business has a 50 day moving average price of $235.51 and a 200-day moving average price of $219.07.

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

Bloom Energy Company Profile

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.