Bloom Energy (NYSE:BE) Price Target Raised to $346.00

Bloom Energy (NYSE:BE) had its target price upped by JPMorgan Chase & Co. from $267.00 to $346.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

BE has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Barclays lifted their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Wednesday, June 10th. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group raised their target price on shares of Bloom Energy from $207.00 to $246.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and a consensus target price of $254.00.

Bloom Energy Stock Performance

Bloom Energy stock opened at $217.30 on Tuesday. Bloom Energy has a fifty-two week low of $29.90 and a fifty-two week high of $351.28. The company has a market capitalization of $61.81 billion, a price-to-earnings ratio of -4,345.07 and a beta of 3.73. The stock has a fifty day moving average of $272.41 and a two-hundred day moving average of $206.75. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data 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 business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business’s revenue was up 130.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts anticipate that Bloom Energy will post 1.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the sale, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 153,617 shares of company stock worth $44,003,909 over the last ninety days. 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 the stock. Geode Capital Management LLC increased its holdings in shares of Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after buying an additional 269,662 shares during the last quarter. Brooklands Fund Management Ltd acquired a new position in Bloom Energy in the fourth quarter valued at $347,560,000. Amundi boosted its holdings in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after acquiring an additional 2,511,426 shares during the last quarter. Norges Bank purchased a new stake in Bloom Energy during the fourth quarter valued at about $239,683,000. Finally, Jennison Associates LLC grew its holdings in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: JPMorgan raised its price target on Bloom Energy, reinforcing a bullish view and helping extend momentum in the shares ahead of earnings. JPMorgan Chase & Co. Increases Bloom Energy (NYSE:BE) Price Target to $346.00
• Positive Sentiment: Analysts and commentary continue to point to surging AI-driven power demand, including Bloom Energy’s role in data center build-outs and a major Oracle fuel-cell deal, which supports the stock’s valuation narrative. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Positive Sentiment: RBC suggested EdgeMode’s newly announced Panama AI data center projects could be an expansion of an existing Bloom Energy partnership, adding to speculation that BE may benefit from additional AI infrastructure demand. Bloom Energy Could Be Behind Massive Panama AI Data Center Projects, Says RBC
• Neutral Sentiment: Bloom Energy is set to report Q2 results, and while expectations are rising, the stock’s premium valuation means investors are likely waiting for execution and guidance to justify further upside. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: After a sharp run-up, BE has recently given back some gains and also underperformed in the latest session, suggesting volatility as traders digest the rally and await earnings. Bloom Energy (BE) Suffers a Larger Drop Than the General Market: Key Insights

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.