Bloom Energy (NYSE:BE) Given “Outperform” Rating at Royal Bank Of Canada

Bloom Energy (NYSE:BE)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Benzinga reports. They presently have a $335.00 price target on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 53.23% from the stock’s current price.

A number of other research firms also recently weighed in on BE. Wells Fargo & Company decreased their price target on shares of 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. Jefferies Financial Group lifted their price target on shares of Bloom Energy from $229.00 to $264.00 and gave the stock a “hold” rating in a research note on Tuesday, September 29th. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price target on shares of Bloom Energy in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.00.

Bloom Energy Stock Up 7.2%

BE traded up $14.71 during midday trading on Friday, hitting $218.63. 15,606,487 shares of the company’s stock traded hands, compared to its average volume of 13,215,909. The company has a market cap of $64.39 billion, a PE ratio of 134.13, a price-to-earnings-growth ratio of 2.50 and a beta of 3.77. The stock’s fifty day simple moving average is $247.73 and its 200-day simple moving average is $217.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. Bloom Energy has a one year low of $75.70 and a one year high of $351.28.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 138.1% on a year-over-year basis. As a group, equities analysts anticipate that Bloom Energy will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director directly owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 over the last quarter. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently bought and sold shares of BE. Laurel Wealth Advisors LLC bought a new stake in Bloom Energy in the 3rd quarter valued at $352,000. Parametrica Management Ltd bought a new position in Bloom Energy during the 3rd quarter worth $1,523,000. William Mack & Associates Inc. bought a new position in Bloom Energy during the 3rd quarter worth $65,000. Victory Financial Group LLC increased its position in shares of Bloom Energy by 9.3% in the third quarter. Victory Financial Group LLC now owns 2,848 shares of the company’s stock worth $789,000 after purchasing an additional 242 shares during the period. Finally, Generali Asset Management SPA SGR increased its position in shares of Bloom Energy by 12,621.1% in the third quarter. Generali Asset Management SPA SGR now owns 27,096 shares of the company’s stock worth $7,505,000 after purchasing an additional 26,883 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy’s third-quarter results were substantially better than expected: revenue reached $1.24 billion, up 138% year over year and above the $1.07 billion consensus estimate, while adjusted EPS of $0.94 exceeded expectations of $0.69. Bloom Energy Stock Has Plunged Despite Explosive Growth
• Positive Sentiment: The company raised its 2026 guidance, reinforcing expectations for continued growth and helping rebuild confidence after the initial earnings reaction. BMO set a $260 price target, while Barclays raised its target to $316 from $308. Bloom Energy raises 2026 guidance; BMO targets $260
• Positive Sentiment: Investor interest is also benefiting from expectations that artificial-intelligence data centers will require significantly more electricity. Bloom is viewed as a potential supplier of reliable on-site power, supporting the broader rally in fuel-cell and AI-power stocks. Bloom Energy and AI energy demand

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.