Bloom Energy (NYSE:BE) Shares Up 12.7% – Here’s Why

Shares of Bloom Energy Corporation (NYSE:BE) traded up 12.7% during mid-day trading on Wednesday . The company traded as high as $249.99 and last traded at $238.00. 15,110,690 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 12,504,574 shares. The stock had previously closed at $211.21.

More Bloom Energy News

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

• Positive Sentiment: Nebius selects Bloom for AI data center power. Nebius Group named Bloom Energy its behind-the-meter power partner for a flagship AI data center, providing a notable customer win and reinforcing Bloom’s positioning in the rapidly growing AI infrastructure market. Bloom Energy Jumps as Nebius Picks Its Fuel Cells for AI Data Center
• Positive Sentiment: Management highlights AI power leadership. CEO KR Sridhar said Bloom’s technology is becoming “the standard” for onsite AI power. While that claim may be aggressive, the broader investment case is that Bloom’s systems can shorten data-center deployment timelines and deliver dependable electricity where conventional grid capacity is unavailable. Bloom Energy Says It’s Now the Standard for AI Onsite Power
• Positive Sentiment: AI manufacturing partnership adds to the growth narrative. Bloom is expanding its relationship with MiTAC Computing Technology to deploy a fuel-cell microgrid at an AI server manufacturing campus in Fremont, California, supporting expectations for additional AI-related orders. Bloom Energy Deepens AI Power Footprint in Fremont
• Positive Sentiment: Recent operating performance supports investor enthusiasm. Bloom’s latest reported quarter exceeded earnings and revenue expectations, while revenue rose sharply year over year. The company also raised or maintained an optimistic outlook, helping validate the AI-driven growth thesis. Analysts and Zacks have highlighted Bloom as a strong growth stock. Q2 Earnings Season Standouts

Analyst Ratings Changes

BE has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets cut their price target on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a research note on Wednesday, July 29th. BTIG Research reiterated a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.18.

Bloom Energy Stock Up 12.7%

The company has a market cap of $70.10 billion, a price-to-earnings ratio of 317.33, a PEG ratio of 2.88 and a beta of 3.79. The business has a 50-day simple moving average of $251.08 and a two-hundred day simple moving average of $213.46. 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 issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts forecast that Bloom Energy Corporation will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This represents a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider owned 207,417 shares in the company, valued at $59,966,328.87. The trade was a 1.35% 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. Over the last 90 days, insiders have sold 102,388 shares of company stock valued at $28,821,270. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. Anchor Investment Management LLC bought a new stake in Bloom Energy during the 1st quarter valued at approximately $27,000. WPG Advisers LLC grew its holdings in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. grew its holdings in 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 buying an additional 200 shares during 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.