Jennison Associates LLC Boosts Stock Position in Bloom Energy Corporation $BE

Posted by Geri Gentry on Jul 19th, 2026

Jennison Associates LLC boosted its position in Bloom Energy Corporation (NYSE:BE – Free Report) by 20,074.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,687,029 shares of the company’s stock after purchasing an additional 2,673,710 shares during the quarter. Jennison Associates LLC’s holdings in Bloom Energy were worth $364,066,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BE. Bayforest Capital Ltd purchased a new position in shares of Bloom Energy in the 1st quarter worth approximately $2,055,000. AQR Capital Management LLC acquired a new stake in Bloom Energy in the first quarter valued at approximately $1,820,000. NewEdge Advisors LLC boosted its stake in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy News Roundup

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

Positive Sentiment: IDF and Oaktree announced a $1.7 billion investment to deploy Bloom Energy fuel cells for Nebius’ AI infrastructure, supporting growth in Bloom’s core power technology and strengthening its AI-related revenue opportunity. Reuters article
Positive Sentiment: Additional coverage and commentary have highlighted Bloom Energy’s strong stock performance and momentum, with analysts describing it as a stock benefiting from solid quarterly results and long-term gains. Yahoo Finance article
Neutral Sentiment: Bloom Energy has also appeared on momentum screens and in analyst-style market commentary, which may support trading interest but does not change the company’s fundamentals. Zacks article
Negative Sentiment: Two law firms announced securities-fraud investigations into Bloom Energy following a short report, creating headline risk and raising concerns about potential disclosures or litigation. Business Wire article
Negative Sentiment: Short-seller commentary and related reports have argued Bloom may face supply-chain risks and valuation concerns, which could pressure sentiment despite the AI deal news. Barchart article

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BE shares. Evercore reiterated an “outperform” rating and set a $350.00 price objective on shares of Bloom Energy in a report on Wednesday, July 1st. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wells Fargo & Company upped their target price on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Mizuho set a $285.00 price target on Bloom Energy in a research note on Friday, May 1st. Finally, Sanford C. Bernstein initiated coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy presently has an average rating of “Hold” and a consensus target price of $250.41.

Get Our Latest Stock Analysis on Bloom Energy

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares in the company, valued at $95,342,949. This trade represents a 9.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the sale, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This represents a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 153,617 shares of company stock worth $44,003,909 over the last 90 days. Insiders own 3.00% of the company’s stock.

Bloom Energy Trading Up 3.5%

Shares of Bloom Energy stock opened at $213.88 on Friday. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. Bloom Energy Corporation has a 12-month low of $24.04 and a 12-month high of $351.28. The firm has a market capitalization of $60.84 billion, a price-to-earnings ratio of -4,276.78 and a beta of 3.73. The firm’s 50 day simple moving average is $278.38 and its two-hundred day simple moving average is $202.41.

Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Analysts predict that Bloom Energy Corporation will post 1.43 EPS for the current year.

Bloom Energy Company 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.