Firsthand Capital Management Inc. Sells 3,000 Shares of Bloom Energy Corporation $BE

Posted by Geri Gentry on Jun 14th, 2026

Firsthand Capital Management Inc. reduced its stake in Bloom Energy Corporation (NYSE:BE – Free Report) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the company’s stock after selling 3,000 shares during the period. Bloom Energy makes up about 1.9% of Firsthand Capital Management Inc.’s holdings, making the stock its 17th largest holding. Firsthand Capital Management Inc.’s holdings in Bloom Energy were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Clear Street Group Inc. bought a new stake in Bloom Energy during the fourth quarter valued at $34,285,000. Eventide Asset Management LLC bought a new stake in Bloom Energy during the fourth quarter valued at $11,927,000. Entropy Technologies LP boosted its stake in Bloom Energy by 249.0% during the fourth quarter. Entropy Technologies LP now owns 87,200 shares of the company’s stock valued at $7,577,000 after buying an additional 62,217 shares during the period. Arvin Capital Management LP bought a new stake in Bloom Energy during the fourth quarter valued at $2,190,000. Finally, FORA Capital LLC boosted its stake in Bloom Energy by 250.5% during the fourth quarter. FORA Capital LLC now owns 97,035 shares of the company’s stock valued at $8,431,000 after buying an additional 69,354 shares during the period. Institutional investors own 77.04% of the company’s stock.

More Bloom Energy News

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

Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for reliable power to support AI data centers, with commentary pointing to its fuel-cell technology as a solution for grid-constrained projects and a reason traders are re-entering the name. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
Positive Sentiment: Recent coverage says Bloom Energy continues to stand out in the renewable-energy group, with strong earnings performance helping support the bullish case and reinforcing its growth momentum versus peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
Neutral Sentiment: Bloom Energy’s stock has already delivered an enormous multi-year gain, and one article questions whether there is still upside left after the rally, which may be encouraging some investors to reassess valuation rather than chase the stock. Bloom Energy (BE) Stock After 13x Three Year Surge Is There Still Upside Potential
Neutral Sentiment: One bearish note downgraded Bloom Energy to hold, arguing that AI enthusiasm may be running ahead of fundamentals, which adds caution but does not point to a major business setback. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
Negative Sentiment: Coverage also notes that Bloom Energy has pulled back from a recent peak, and that a paused data-center project tied to Crusoe raises a near-term reminder that some AI-power demand could be delayed even if the longer-term thesis remains intact. BE Stock Recovers After 10% Selloff: Morgan Stanley Says Crusoe Project Pause Does Not Break AI Power Thesis

Bloom Energy Stock Up 4.6%

NYSE BE opened at $260.39 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The stock has a market capitalization of $74.07 billion, a PE ratio of -5,206.80 and a beta of 3.73. Bloom Energy Corporation has a 1 year low of $20.93 and a 1 year high of $322.83. The business’s 50-day moving average is $246.21 and its 200 day moving average is $171.19.

Bloom Energy (NYSE:BE – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.Bloom Energy’s quarterly revenue was up 130.4% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BTIG Research lifted their price objective on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group raised their price target on Bloom Energy to $251.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Susquehanna raised their price target on Bloom Energy to $293.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Barclays raised their price target on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Mizuho set a $285.00 price target on Bloom Energy in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.48.

Read Our Latest Analysis on BE

Insider Buying and Selling

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the sale, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Marie Soderberg sold 2,746 shares of Bloom Energy stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $259.42, for a total value of $712,367.32. Following the sale, the insider directly owned 135,107 shares in the company, valued at approximately $35,049,457.94. The trade was a 1.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 323,777 shares of company stock valued at $71,485,514 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Profile

(Free Report)

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.