CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Bloom Energy Corporation (NYSE:BE – Free Report) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 145,200 shares of the company’s stock after purchasing an additional 8,300 shares during the period. Bloom Energy comprises approximately 1.8% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 16th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Bloom Energy were worth $40,217,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its position in shares of Bloom Energy by 2.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 53,902 shares of the company’s stock valued at $14,930,000 after buying an additional 1,373 shares during the last quarter. Purewater Capital LLC acquired a new stake in shares of Bloom Energy during the third quarter worth $5,696,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Bloom Energy in the third quarter valued at about $42,000. Kingswood Wealth Advisors LLC boosted its stake in shares of Bloom Energy by 11.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 21,909 shares of the company’s stock valued at $6,068,000 after buying an additional 2,237 shares in the last quarter. Finally, Straight Path Wealth Management lifted its stake in shares of Bloom Energy by 112.7% in the third quarter. Straight Path Wealth Management now owns 11,701 shares of the company’s stock valued at $3,241,000 after purchasing an additional 6,201 shares during the period. 77.04% of the stock is owned by institutional investors.
Bloom Energy Price Performance
Bloom Energy stock opened at $203.91 on Tuesday. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The firm has a market capitalization of $60.06 billion, a P/E ratio of 101.20, a PEG ratio of 2.50 and a beta of 3.77. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average of $247.73 and a 200-day moving average of $217.94.
Bloom Energy (NYSE:BE – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The firm’s quarterly revenue was up 138.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. As a group, analysts predict that Bloom Energy Corporation will post 2.04 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on BE. TD Cowen raised Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Evercore reissued an “outperform” rating on shares of Bloom Energy in a research note on Monday. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a report on Friday. Truist Financial increased their price objective on shares of Bloom Energy from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, October 16th. Finally, Mizuho raised their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.
View Our Latest Analysis on BE
Insider Activity
In other Bloom Energy news, insider Aman Joshi sold 8,437 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the transaction, the insider owned 147,092 shares in the company, valued at $40,769,489.64. The trade was a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Immelt sold 30,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the transaction, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. This trade represents a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Barclays raised its price target for Bloom Energy to $316 from $308, helping restore confidence after the earnings-related decline. The broader rally in AI power stocks also supported BE. Bloom Energy Soars 7% on Barclays Price Target Hike After Post-Earnings Rout
- Positive Sentiment: Investors continue to view Bloom’s solid-oxide fuel cells as a potential solution for data centers that need power faster than traditional grid connections can provide. Rising AI-related electricity demand is reinforcing the company’s growth narrative. Where Will Bloom Energy Stock Be in 5 Years?
- Positive Sentiment: Bloom’s latest quarterly results substantially exceeded expectations: revenue rose 138% year over year to $1.24 billion, while earnings reached $0.94 per share versus a $0.69 consensus estimate. Operating margins also expanded, and the company raised full-year guidance. Bloom Energy Corporation 2026 Q3 Results
Bloom Energy Company Profile
Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.
The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.
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