Rakuten Investment Management Inc. acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,284 shares of the company’s stock, valued at approximately $14,936,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares in the last quarter. Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Bloom Energy by 6.1% in the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after buying an additional 126,649 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bloom Energy during the 2nd quarter valued at approximately $296,413,000. Finally, Elemental Capital Partners LLC lifted its position in Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after purchasing an additional 25,625 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director John T. Chambers sold 15,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the transaction, the director directly owned 208,333 shares in the company, valued at $52,083,250. This represents a 6.72% 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 8,437 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the sale, the insider owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 83,526 shares of company stock worth $20,492,938. Insiders own 3.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Mizuho lifted their price target on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. TD Cowen upgraded shares of Bloom Energy to a “hold” rating in a research note on Monday, October 5th. Citigroup increased their price target on shares of Bloom Energy from $281.00 to $284.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Truist Financial increased their price target on Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $263.05.
Get Our Latest Stock Report on BE
Key Headlines Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom reported Q3 revenue of $1.24 billion, up 138% year over year, and EPS of $0.94, beating estimates. It has raised its 2026 revenue outlook three times to $4.4–$4.6 billion; Q4 guidance calls for $1.35–$1.55 billion. Bloom Energy’s New Guidance
- Positive Sentiment: Bloom and California Resources signed a non-binding MOU to evaluate at least 1 gigawatt of fuel-cell power paired with carbon capture in California. The potential utility, data-center and industrial applications add to Bloom’s opportunity, though the agreement is not yet a firm order. California Resources collaboration announcement
- Positive Sentiment: Barclays upgraded BE to Overweight, citing demand for on-site power as AI data centers face grid constraints. Its $289 target was lowered from $316 but remains supportive of the long-term demand story. Bloom Energy Stock Upgrade
- Neutral Sentiment: Director John Chambers sold 8,828 shares, worth about $1.8 million, but retained 199,505 shares after the sale. Insider transaction report
- Negative Sentiment: A Seeking Alpha analyst downgraded Bloom to Hold with a $176 target, citing negative AI-sector sentiment and uncertainty about further margin expansion despite the strong quarter. Other coverage also flagged working-capital demands on cash flow. The shares’ sharp prior run-up and elevated valuation may heighten sensitivity to delays converting backlog and proposed projects into revenue. Bloom Energy downgrade analysis
Bloom Energy Stock Down 6.7%
NYSE BE opened at $199.62 on Thursday. The firm has a market cap of $59.02 billion, a PE ratio of 122.47, a P/E/G ratio of 2.16 and a beta of 3.63. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. 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 business’s fifty day simple moving average is $247.91 and its 200-day simple moving average is $220.78.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The business’s quarterly revenue was up 138.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. As a group, equities analysts anticipate that Bloom Energy Corporation will post 2.61 earnings per share for the current year.
Bloom Energy 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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