Bloom Energy (NYSE:BE) Shares Up 6.6% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shot up 6.6% on Thursday . The company traded as high as $252.82 and last traded at $249.5870. 8,787,216 shares changed hands during trading, a decline of 21% from the average session volume of 11,125,802 shares. The stock had previously closed at $234.23.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy was highlighted as a top performer in the renewable energy sector, reinforcing investor confidence in its growth relative to peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
• Positive Sentiment: CEO KR Sridhar’s recent comments on surging AI data-center electricity demand support the view that Bloom’s onsite power solutions are well positioned for a major secular growth trend. KR Sridhar on the Growing Energy Demands of AI Data Centers
• Positive Sentiment: Analysts and market commentators continue to frame Bloom Energy as a beneficiary of the AI infrastructure buildout, with traders rotating back into high-beta winners. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
• Neutral Sentiment: A new Seeking Alpha piece downgraded the stock to Hold, reflecting valuation concerns after a huge run rather than a change in the company’s underlying business. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
• Neutral Sentiment: Articles about rival power suppliers and broader market inflation concerns add context, but they do not directly change Bloom Energy’s fundamentals. US Stock Market Today: S&P 500 Futures Fall As Inflation Concerns And VIX Spike
• Negative Sentiment: Some commentary warns that Bloom Energy has pulled back from recent highs, suggesting investors are still debating whether the valuation has run ahead of near-term execution. Is Bloom Energy Impossible to Ignore Right Now? Here’s What Smart Investors Should Know.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a research report on Wednesday. Roth Mkm set a $225.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, BTIG Research increased their target price on Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Price Performance

The company’s 50 day moving average is $241.36 and its 200-day moving average is $169.44. The firm has a market capitalization of $70.99 billion, a price-to-earnings ratio of -4,990.74 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.

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

Insider Activity at Bloom Energy

In related news, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the transaction, the director owned 238,333 shares in the company, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares of the company’s stock, valued at $24,039,385.20. The trade was a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 323,777 shares of company stock worth $71,485,514 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Large investors have recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new stake in Bloom Energy during the 1st quarter worth approximately $2,055,000. AQR Capital Management LLC acquired a new stake in Bloom Energy during the first quarter worth approximately $1,820,000. NewEdge Advisors LLC increased its stake in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the period. Finally, Focus Partners Wealth increased its holdings in shares of Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after acquiring an additional 4,716 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors.

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.