RBC Capital Rates Bloom Energy (BE) Outperform, $335 Price Target

RBC Capital reiterated its Outperform rating on Bloom Energy Corporation (NYSE:BE) on October 23, 2026, keeping its price target at $335.00. According to research notes released on October 23, 2026, the firm left its previous target unchanged.

BE Bloom Energy Corporation

$217.77 ▲ +120.66% year to date

1M 3M YTD

Daily close · Oct 22, 2026

RBC Capital's Call on Bloom Energy

In its October 23, 2026 update, RBC Capital maintained its Outperform rating on Bloom Energy. The firm kept its price target unchanged at $335.00 compared to its prior target of $335.00. Wall Street analysts continue to monitor the alternative energy provider as its shares trade below recent consensus targets.

Other Institutional Activity in Bloom Energy

Other large funds adjusted their positions in Bloom Energy during the quarter ended June 30, 2026. Ameriprise Financial, Inc. reduced its holdings by 4,753,946 shares, ending with 18,134,575 shares worth about $3,949,166,475.00 following a 20.8% decrease. Situational Awareness LP cut its stake by 212,725 shares, wrapping up the period with 6,272,808 shares valued at roughly $1,366,029,424.00 after a 3.3% reduction. Meanwhile, Value Aligned Research Advisors, LLC grew its holdings by 1,000,399 shares, closing out the quarter with 5,585,179 shares worth approximately $1,216,284,454.00 after a 21.8% increase.

Bloom Energy Corporation Stock Down 18.9%

Bloom Energy recently traded around $193.50 as of October 23, 2026, down about 11.1% from its October 22, 2026 close of $217.77. The stock trades below its 50-day moving average of $249.16 and below its 200-day moving average of $218.86. Shares sit 44.9% below their 52-week high of $351.28 and 155.6% above their 52-week low of $75.70, giving the firm a market capitalization of roughly $64.14 billion.

Recent Earnings

Bloom Energy reported trailing-twelve-month revenue of $3.11 billion alongside basic earnings of $0.69 per share. The company generated a net profit margin of 7.9% and a return on equity of 22.2%, while year-over-year revenue growth reached 165.5%.

Insider Buying and Selling at Bloom Energy Corporation

Company insiders completed several stock sales ahead of the announcement. Officer Shawn Marie Soderberg sold 2,895 shares on August 14, 2026, for $676,272.00. Chief Operating Officer Satish Prabhu Chitoori disposed of 2,053 shares on August 14, 2026, totaling $496,087.00. Officer Aman Joshi offloaded 4,677 shares on August 14, 2026, worth $1,130,665.00. Director Jeffrey R Immelt sold 30,000 shares on August 17, 2026, for $7,167,300.00.

Analysts Set New Price Targets

Several other firms updated their views on the stock on October 23, 2026. Keybanc reiterated a Sector Weight rating without issuing a price target. Morgan Stanley maintained an Overweight rating while lifting its price target from $310.00 to $335.00. Bernstein maintained a Market Perform rating while raising its target from $282.00 to $306.00. BTIG maintained a Buy rating while cutting its target from $295.00 to $250.00. Across 26 analyst opinions, the stock carries a consensus buy recommendation and a mean price target of $285.08.

About Bloom Energy

Headquartered in San Jose, California, Bloom Energy Corporation builds solid oxide fuel cell systems that generate on-site electricity for industrial and commercial customers. The company uses a non-combustion electrochemical process to convert various fuels, including natural gas, hydrogen, and biogas, into power, and also manufactures electrolyzers to produce clean hydrogen.

Bottom Line

Investors will watch whether Bloom Energy shares can close the gap toward the $335.00 target or drift closer to moving averages. Market participants should monitor upcoming earnings reports and future institutional filings for further signals on the company's valuation.