Bloom Energy Corp Rises 5.28% on Strong Institutional Interest
Written by Emily J. Thompson, Senior Investment Analyst
Bloom Energy Corp shares increased by 5.28% during regular trading, reaching a 5-day high. The stock's performance is attributed to a significant rise in institutional ownership and favorable options activity.
B of A Securities maintained an 'Underperform' rating but noted a projected price target of $107.83, indicating potential upside. Institutional interest has surged, with a 33.78% increase in ownership over the last quarter, highlighting growing confidence in the company's future.
The options market also reflects investor sentiment, with attractive put and call contracts available. This combination of factors suggests a bullish outlook for Bloom Energy, despite the mixed analyst ratings.

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Analyst Views on BE
Wall Street analysts forecast BE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BE is 121.59 USD with a low forecast of 26.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast BE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BE is 121.59 USD with a low forecast of 26.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 108.990

Current: 108.990

Daiwa initiated coverage of Bloom Energy with a Hold rating and $98 price target.
Underperform
maintain
$26 -> $39
Reason
BofA raised the firm's price target on Bloom Energy to $39 from $26 and keeps an Underperform rating on the shares. Better execution underpins the firm's revised estimates, but it still views consensus revenue forecasts as "ambitious" and argues that the current valuation "leaves limited upside potential."
Neutral
maintain
$73 -> $103
Reason
Roth Capital analyst Chip Moore raised the firm's price target on Bloom Energy to $103 from $73 and keeps a Neutral rating on the shares after its Q3 earnings beat. The current positioning and commercial momentum are perhaps the most positive in company history, but the forward expectations are already factoring in very large order flow and incremental capacity growth in future years, the analyst tells investors in a research note. Roth adds it is positive on Bloom's position with established technology that can be rapidly deployed in markets that are increasingly grid-constrained, but it also continues to find the risk/reward as balanced at current valuation levels.
Neutral
maintain
$79 -> $89
Reason
Mizuho raised the firm's price target on Bloom Energy to $89 from $79 and keeps a Neutral rating on the shares.
About BE
Bloom Energy Corporation is engaged in stationary fuel cell power generation by market share. The Company provides distributed energy technology solutions to customers. The Company manufactures advanced and versatile fuel cell energy platforms, supporting the commercial availability of two products: the Bloom Energy Server for generating electricity and the Bloom Electrolyzer for producing hydrogen. With approximately 1.4 gigawatts (GW) of Energy Server systems deployed in more than 1,000 locations and nine countries. Its solid oxide fuel cell technology platform is the foundation for its Energy Server system and Bloom Electrolyzer. The Bloom Energy Server system is designed to deliver reliable, resilient, clean and affordable energy for utilities and organizations alike. Its Energy Server system is designed to deliver reliable electricity. The Bloom Electrolyzer is designed to provide hydrogen solutions based on the same solid oxide platform as its Energy Server systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.