NewEdge Advisors LLC boosted its position in shares of Bloom Energy Corporation (NYSE:BE – Free Report) by 45.0% during the second quarter, Holdings Channel reports. The firm owned 45,509 shares of the company’s stock after buying an additional 14,113 shares during the quarter. NewEdge Advisors LLC’s holdings in Bloom Energy were worth $13,776,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Bloom Energy in the second quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in shares of Bloom Energy in the first quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its position in shares of Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. increased its stake in shares of Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.
Analyst Ratings Changes
BE has been the topic of a number of analyst reports. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. BTIG Research reiterated a “buy” rating and set a $295.00 price objective on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $282.00 target price on shares of Bloom Energy in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.18.
Bloom Energy Trading Up 6.6%
Shares of BE stock opened at $275.50 on Friday. The firm’s 50-day simple moving average is $225.34 and its 200-day simple moving average is $225.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. Bloom Energy Corporation has a 1-year low of $61.37 and a 1-year high of $351.28. The firm has a market cap of $81.14 billion, a P/E ratio of 367.33, a PEG ratio of 3.54 and a beta of 3.80.
Bloom Energy (NYSE:BE – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Bloom Energy’s revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts forecast that Bloom Energy Corporation will post 1.92 EPS for the current year.
Insider Buying and Selling
In other news, insider Aman Joshi sold 8,343 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the sale, the insider directly owned 163,807 shares of the company’s stock, valued at $49,202,708.59. The trade was a 4.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total value of $820,205.07. Following the sale, the insider owned 207,417 shares of the company’s stock, valued at approximately $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,464 shares of company stock worth $22,131,255 over the last 90 days. Company insiders own 3.00% of the company’s stock.
More Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: S&P 500 inclusion is the main catalyst. S&P Dow Jones Indices confirmed Bloom Energy’s addition to the index, which is expected to generate demand from index-tracking funds and increase the company’s visibility among institutional investors. Bloom Energy Climbs as S&P 500 Addition Spreads Fuel Cell Bid
- Positive Sentiment: AI-related power demand continues to support the growth story. Coverage points to rising electricity needs from hyperscalers, neocloud companies and AI laboratories, with Bloom’s fuel-cell systems offering an alternative where grid capacity is constrained. Recent commentary also highlights a sizable order backlog, customer prepayments and improving gross margins. Bloom Energy Has More Room to Run Amid the AI Supercycle
- Positive Sentiment: Product improvements may accelerate deployments. Bloom’s Power Connect system is reported to have the potential to reduce installation time by more than 40%, which could help the company convert its backlog into revenue more quickly. Bloom Energy’s New Power Connect System
- Neutral Sentiment: Bloom announced a season-long ESPN College Football Campus Tour focused on energy reliability, community engagement and emergency-response support. The initiative may improve brand awareness but is unlikely to materially affect near-term financial results. Bloom Energy ESPN College Football Campus Tour
- Neutral Sentiment: Heavy options activity and reports that Situational Awareness bought BE options are adding attention and potentially short-term trading momentum, but do not establish a change in the company’s fundamentals.
- Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased Bloom securities from February 27, 2025, through July 8, 2026, with a September 28 lead-plaintiff deadline. Reports cite alleged disclosures involving scandium sourcing and “no China supply chain” representations. The allegations could create legal costs, reputational risk and investor uncertainty, although the claims have not been adjudicated. Kaplan Fox Bloom Energy Class Action Reminder
Bloom Energy Company Profile
Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.
The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.
See Also
- Five stocks we like better than Bloom Energy
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE – Free Report).
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.
