Bloom Energy (NYSE:BE) Shares Gap Up – Still a Buy?

Bloom Energy Corporation (NYSE:BE) gapped up prior to trading on Wednesday. The stock had previously closed at $222.65, but opened at $235.36. Bloom Energy shares last traded at $234.4550, with a volume of 2,254,198 shares trading hands.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Record results and raised outlook: Bloom Energy reported third-quarter revenue of $1.24 billion, up 138% year over year, and adjusted earnings of $0.94 per share, well above analyst expectations. Net income reached $250.3 million, compared with a loss a year earlier. Management also raised full-year 2026 guidance, including adjusted EPS of $3.10–$3.40 and revenue guidance of approximately $4.5 billion at the midpoint. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: AI data-center demand remains a catalyst: Bloom’s on-site fuel-cell power systems continue to benefit from growing demand for reliable electricity for data centers. Comments from SpaceX CEO Elon Musk that power and cooling—not chips—could constrain AI expansion reinforced the investment case for Bloom’s technology. Bloom Energy Gains as Elon Musk Discusses AI Power Constraints
• Neutral Sentiment: Analyst caution persists: BMO Capital issued a Hold rating, while other coverage noted that Bloom Energy’s shares had already risen sharply in 2026 and that the valuation reflected substantial future growth. This leaves the stock vulnerable to profit-taking even when reported results exceed estimates. BMO Capital Issues a Hold Rating on Bloom Energy
• Negative Sentiment: Negative operating cash flow weighed on sentiment: Bloom Energy reportedly generated approximately $180 million of negative net cash flow during the quarter. Investors may view the cash burn as a concern despite the accounting profit and strong revenue growth, particularly given the company’s expansion needs and elevated valuation. Negative Cash Flow Damps Sentiment
• Negative Sentiment: “Beat and raise” was not enough: Bloom Energy had cleared a high earnings bar following a pre-report rally tied to AI infrastructure demand. A broader pullback in fuel-cell and power stocks, combined with concerns that expectations had become excessive, amplified selling after the results. Bloom Energy Stock Drops Despite Strong Earnings

Analyst Ratings Changes

BE has been the topic of several analyst reports. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. BTIG Research reissued a “buy” rating and issued a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Mizuho increased their price target on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Sanford C. Bernstein restated a “market perform” rating and set a $282.00 price objective on shares of Bloom Energy in a research note on Wednesday, October 7th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and an average target price of $261.55.

Bloom Energy Stock Down 9.2%

The stock has a 50-day moving average of $249.46 and a 200-day moving average of $249.56. The company has a market cap of $63.82 billion, a PE ratio of 288.92, a P/E/G ratio of 3.08 and a beta of 3.77. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. Bloom Energy’s revenue for the quarter was up 138.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. Sell-side analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the transaction, the insider directly owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the sale, the insider owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 89,698 shares of company stock valued at $21,780,758. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of large investors have recently made changes to their positions in BE. Wedbush Securities Inc. increased its stake in shares of Bloom Energy by 8.1% during the third quarter. Wedbush Securities Inc. now owns 1,628 shares of the company’s stock valued at $451,000 after buying an additional 122 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Bloom Energy by 521.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 18,960 shares of the company’s stock valued at $5,251,000 after acquiring an additional 15,911 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Bloom Energy during the third quarter valued at approximately $36,000. Inspire Investing LLC lifted its stake in Bloom Energy by 73.9% in the third quarter. Inspire Investing LLC now owns 16,156 shares of the company’s stock worth $4,475,000 after acquiring an additional 6,863 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Bloom Energy by 648.2% in the third quarter. Yousif Capital Management LLC now owns 25,976 shares of the company’s stock worth $7,195,000 after acquiring an additional 22,504 shares during the period. 77.04% of the stock is currently owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.