Bloom Energy (NYSE:BE) Shares Up 8.3% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares rose 8.3% during mid-day trading on Friday. The company traded as high as $292.72 and last traded at $288.8660. Approximately 17,284,808 shares traded hands during trading, an increase of 34% from the average session volume of 12,935,795 shares. The stock had previously closed at $266.65.

Bloom Energy News Roundup

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

• Positive Sentiment: Oracle maintains its Bloom Energy commitment. Oracle reportedly continues to stand behind a contract for approximately 2.4 gigawatts of Bloom fuel-cell systems, as part of an agreement covering up to 2.8 gigawatts. The reaffirmation eased concerns that a force majeure notice could result in cancellation of Bloom’s largest deployment. Bloom Energy Jumps as Oracle Reaffirms Fuel Cell Contract
• Positive Sentiment: AI power demand and Bloom’s backlog support the long-term thesis. Analysts and financial commentators continue to view Bloom as a potential beneficiary of the electricity shortage facing AI data centers. The company has disclosed roughly $20 billion in backlog and plans to double Fremont production capacity to 2 gigawatts annually by the end of 2026, supporting expectations for substantial future revenue growth. Bloom Energy Backlog and Manufacturing Capacity
• Neutral Sentiment: Community-relations activity adds little direct financial impact. Bloom donated $10,000 to State College’s Alpha Fire Company through its ESPN College Campus Tour partnership. The initiative may support brand visibility but is unlikely to materially affect near-term earnings. Bloom Energy Supports First Responders in State College
• Negative Sentiment: Project Jupiter remains a material execution risk. Oracle’s force majeure notice cites delays involving a natural-gas pipeline needed for the New Mexico data center’s fuel-cell microgrid. Delays could postpone Bloom’s revenue, cash flow, and profits, even though the contract has not been canceled. Oracle Force Majeure Notice and AI Build-Out Risks
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit covers investors who purchased BE securities from February 27, 2025, through July 8, 2026, with a September 28 lead-plaintiff deadline. Allegations include misleading statements about Bloom’s China-related supply chain. The claims have not been proven, but the litigation adds headline and reputational risk. Bloom Energy Securities Class Action

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BTIG Research restated a “buy” rating and issued a $295.00 target price on shares of Bloom Energy in a report on Wednesday, July 29th. Citigroup reissued a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Mizuho upped their price target on Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Finally, Jefferies Financial Group boosted their target price on Bloom Energy from $188.00 to $229.00 and gave the stock a “hold” rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $254.14.

Bloom Energy Price Performance

The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The company has a market cap of $85.08 billion, a PE ratio of 385.15, a P/E/G ratio of 3.54 and a beta of 3.80. The company has a 50-day moving average price of $229.04 and a two-hundred day moving average price of $233.24.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period in the previous year, the company posted $0.10 EPS. Bloom Energy’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. Sell-side analysts expect that Bloom Energy Corporation will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 3,601 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $269.94, for a total value of $972,053.94. Following the completion of the transaction, the insider owned 155,529 shares in the company, valued at approximately $41,983,498.26. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,604 shares of company stock worth $21,948,262 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Institutional investors have recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. grew its position in shares of Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after purchasing an additional 37 shares during the period. Compound Planning Inc. raised its stake in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after purchasing an additional 38 shares in the last quarter. Carolina Wealth Advisors LLC increased its stake in shares of Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 46 shares during the last quarter. Blue Trust Inc. lifted its position in shares of 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 buying an additional 51 shares during the last quarter. Finally, Odyssean LLC increased its holdings in shares of Bloom Energy by 1.8% in the second quarter. Odyssean LLC now owns 2,926 shares of the company’s stock valued at $886,000 after purchasing an additional 51 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

About Bloom Energy

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.