Bloom Energy (NYSE:BE) Stock Price Up 10% – What’s Next?

Shares of Bloom Energy Corporation (NYSE:BE) were up 10% during mid-day trading on Tuesday . The company traded as high as $308.82 and last traded at $302.4120. 13,507,387 shares were traded during trading, an increase of 17% from the average session volume of 11,590,921 shares. The stock had previously closed at $275.01.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy and Brookfield expanded their AI infrastructure power-financing partnership to $25 billion, signaling much larger demand potential for Bloom’s fuel-cell solutions. Business Wire article
• Positive Sentiment: Multiple articles point to Bloom as a key beneficiary of AI data center power shortages, with analysts and commentators highlighting its backlog, onsite power advantage, and the possibility of a short squeeze driven by strong momentum. MarketBeat article
• Neutral Sentiment: Some commentary says the stock’s huge rally already reflects a lot of optimism, making valuation and flawless execution increasingly important for the next leg higher. Trefis article
• Negative Sentiment: Bloom Energy was also downgraded by Zacks Research from “strong-buy” to “hold,” adding a note of caution after the recent surge. Zacks Research downgrade

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Sanford C. Bernstein began coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price objective on the stock. UBS Group increased their target price on Bloom Energy from $322.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target on the stock in a research report on Tuesday, April 14th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $236.14.

Bloom Energy Price Performance

The stock’s 50-day moving average price is $279.49 and its 200 day moving average price is $189.59. The firm has a market cap of $77.12 billion, a price-to-earnings ratio of -5,410.74 and a beta of 3.72. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 3,558 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.14, for a total transaction of $1,028,760.12. Following the sale, the insider directly owned 172,150 shares in the company, valued at approximately $49,775,451. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total value of $820,286.46. Following the completion of the transaction, the insider owned 132,265 shares of the company’s stock, valued at $38,175,646.95. The trade was a 2.10% 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. Insiders have sold 220,274 shares of company stock worth $57,337,672 in the last three months. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in BE. Blue Trust Inc. increased its stake in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Anchor Investment Management LLC acquired a new stake in Bloom Energy during the first quarter valued at approximately $27,000. WPG Advisers LLC boosted its holdings in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Finally, Godsey & Gibb Inc. grew its stake in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. 77.04% of the stock is owned by institutional investors.

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.