UBS Reaffirms Buy Rating on Bloom Energy with $350 Price Target
UBS maintains its buy rating on Bloom Energy, setting a $350 price target, a 13.26% upside from the current price.
Key Points
- UBS analyst Manav Gupta reiterated a buy rating for Bloom Energy (NYSE:BE) with a $350 price target on July 1, 2026.
- UBS's $350 price target implies 13.26% upside from Bloom Energy Corporation's ($BE) current $309.03 share price.
- Bloom Energy shares traded near $309.03 on Wednesday, with a market cap of $86.1 billion and a forward P/E ratio of 69.4.
- Insiders, including COO Chitoori Satish, sold shares in June 2026, while BlackRock and Goldman Sachs adjusted their positions.
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UBS analyst Manav Gupta reiterated a buy rating on Bloom Energy Corporation (NYSE:BE) with a price target of $350. This reaffirmation on July 1, 2026, suggests continued confidence in the company's performance.
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Other Institutional Activity in Bloom Energy
BlackRock, Inc. increased its Bloom Energy holdings by 903,550 shares, ending the period with 25,060,806 shares worth about $3.40 billion. Meanwhile, Ameriprise Financial Inc reduced its position by 5,756,976 shares, leaving it with 22,889,027 shares valued at approximately $3.10 billion. Vanguard Portfolio Management LLC opened a new position with 12,829,781 shares valued at $1.74 billion, while Vanguard Capital Management LLC also initiated a stake with 11,796,818 shares worth $1.60 billion. Goldman Sachs Group Inc significantly increased its holdings by 7,094,268 shares to a total of 9,120,513 shares valued at $1.24 billion.
Bloom Energy Corporation Stock Up 46.6%
Shares of Bloom Energy traded near $309.03 on Wednesday. The company has a market capitalization of $86.1 billion, with a forward P/E ratio of 69.4 and a beta of 3.75, indicating high volatility. Over the past year, the stock has ranged from a low of $21.52 to a high of $351.28. Its 50-day moving average is $275.00, and the 200-day moving average is $161.55. The company maintains a strong liquidity position with a current ratio of 5.03 and a quick ratio of 3.98.
$BE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Bloom Energy reported revenue of approximately $2.45 billion, showing a revenue growth of 1.3%. Despite a net margin of 0.25%, the company's return on equity stands at 1.29%. The next earnings report is scheduled for July 30, 2026.
Insider Buying and Selling at Bloom Energy Corporation
Several insiders at Bloom Energy sold shares in June 2026. Chief Operations Officer Chitoori Satish sold 2,837 shares at an average price of $289.11 under a planned sale. Chief Accounting Officer Maciej Kurzynski sold 2,259 shares at $288.62. Chief Commercial Officer Aman Joshi and Chief Legal Officer Shawn Marie Soderberg also sold shares on June 16. Notably, John Chambers sold 55,000 shares at $297.69 in a planned transaction on May 28.
Analysts Set New Price Targets
On July 1, 2026, UBS maintained its buy rating with a $350 price target. Roth Capital also maintained a hold rating with a $285 target, and Evercore ISI Group reaffirmed its buy rating with a $350 target. The consensus among 25 analysts is a buy, with an average target price of $266.93.
About Bloom Energy
Bloom Energy Corporation, headquartered in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. Its main product, the Bloom Energy Server, converts fuels like natural gas and hydrogen into electricity through a non-combustion process. The company serves a variety of industries, including utilities, data centers, and healthcare, and employs about 2,000 people. Dr. K. R. Sridhar, Ph.D., leads the company as CEO.
Bottom Line
UBS's reiterated buy rating and $350 price target reflect confidence in Bloom Energy's potential. The company shows strong institutional interest, with notable changes in holdings by major funds like BlackRock and Goldman Sachs. As Bloom Energy approaches its next earnings report, investors will be watching closely for updates on its financial performance and market strategy.
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