Evercore ISI Reiterates Buy Rating on Bloom Energy
Evercore ISI Group maintains its buy rating on Bloom Energy with a $350 price target, a 13.26% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on Bloom Energy (NYSE:BE) with a $350 price target on July 1, 2026.
- Evercore ISI Group's $350 price target implies 13.26% upside from Bloom Energy Corporation's ($BE) current $309.03 share price.
- Shares of Bloom Energy traded near $295.29 on Wednesday, with a market cap of $86.1 billion and a forward P/E of 69.4.
- Recent insider sales at Bloom Energy include transactions by key executives, while analysts maintain varied ratings.
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Evercore ISI Group has reiterated its buy rating on Bloom Energy Corporation (NYSE:BE), setting a price target of $350. This reaffirmation by analyst Nicholas Amicucci came on July 1, 2026, as the stock traded near $295.29.
Evercore ISI Group vs. the S&P 500
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Bloom Energy Corporation Stock Up 46.6%
Shares of Bloom Energy traded around $295.29 on Wednesday. The company has a market cap of about $86.1 billion and a forward P/E ratio of 69.4. With a beta of 3.75, the stock shows considerable volatility. Over the past 52 weeks, it has ranged between $21.52 and $351.28. The 50-day moving average is $274.99, while the 200-day moving average stands at $161.55. Bloom Energy's current and quick ratios are 5.03 and 3.98, respectively, indicating strong liquidity, though its debt-to-equity ratio is high at 311.48.
$BE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Bloom Energy reported revenues of approximately $2.45 billion, with a modest growth rate of 1.3%. Despite a negative EPS of -$0.03, the company managed a slight net margin of 0.25% and a return on equity of 1.29%. The next earnings report is expected on July 30, 2026.
Insider Buying and Selling at Bloom Energy Corporation
Recent insider activity at Bloom Energy includes several planned sales. On June 16, 2026, Chief Operations Officer Chitoori Satish sold 2,837 shares at an average price of $289.11 under a Rule 10b5-1 plan. Chief Accounting Officer Maciej Kurzynski also sold 2,259 shares at $288.62, though not as part of a planned sale. Chief Commercial Officer Aman Joshi and Chief Legal Officer Shawn Marie Soderberg executed similar transactions. Earlier, on May 28, 2026, John Chambers sold 55,000 shares at $297.69 as part of a planned sale.
Analysts Set New Price Targets
On July 1, 2026, Evercore ISI Group maintained its buy rating for Bloom Energy with a price target of $350. Barclays and Bernstein recently held their ratings at hold, with price targets of $276 and $276, respectively. JP Morgan also maintained a buy rating with a target of $267, while RBC Capital set a target of $335 with a buy rating. The consensus rating remains a buy, with an average target price of $266.93 based on 25 analyst opinions.
About Bloom Energy
Bloom Energy Corporation, headquartered in San Jose, California, specializes in designing and manufacturing solid oxide fuel cell systems. These systems generate on-site power for various industries, including utilities, data centers, and healthcare, through an electrochemical process that converts fuels like natural gas and hydrogen into electricity. The company also offers a product called Bloom Electrolyzer, which produces hydrogen. Founded in 2001, Bloom Energy employs around 2,000 people and is led by CEO Dr. K. R. Sridhar.
Bottom Line
Evercore ISI Group's reiteration of a buy rating with a $350 price target reflects ongoing confidence in Bloom Energy's prospects. Investors track these ratings closely as they provide insight into the company's valuation and potential growth. It's important to remember that these analyst opinions are based on past data and may not fully reflect future performance.
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