Bank of New York Mellon Corp Buys 154,049 Shares of Bloom Energy Corporation $BE

Bank of New York Mellon Corp grew its stake in shares of Bloom Energy Corporation (NYSE:BE) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,948,521 shares of the company’s stock after acquiring an additional 154,049 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bloom Energy were worth $169,307,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of Bloom Energy by 63.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,026,245 shares of the company’s stock worth $176,060,000 after buying an additional 783,040 shares in the last quarter. Florida Financial Advisors LLC acquired a new position in shares of Bloom Energy during the 4th quarter worth $1,140,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Bloom Energy during the 4th quarter worth $6,596,000. Gulf International Bank UK Ltd acquired a new position in shares of Bloom Energy during the 4th quarter worth $976,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Bloom Energy during the 4th quarter worth $103,000. Institutional investors and hedge funds 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 continues to benefit from bullish AI infrastructure demand, including reported large-scale fuel-cell deals tied to data centers and comments that the company may be solving a major power bottleneck for AI growth. Bloom Energy’s AI Power Deals Test Valuation And Execution Expectations
• Positive Sentiment: Recent commentary also highlighted that Bloom Energy does not expect to need new capital despite the AI boom, which may reduce dilution concerns. Bloom Energy CEO sees no need to raise capital despite AI boom
• Positive Sentiment: UBS reaffirmed a Buy rating, adding to analyst optimism around Bloom Energy’s growth outlook. Is Bloom Energy (BE) One of the Best Renewable Energy Stocks to Buy According to Billionaires?
• Neutral Sentiment: Bloom Energy was mentioned in a technical piece suggesting the stock may be consolidating after a sharp run, which could simply mean it is digesting gains before its next move. Is Bloom Energy Setting Up For Its Next Move?
• Negative Sentiment: Director John Chambers sold 55,000 shares, a move that can raise caution among investors even though he still retains a large position. John Chambers Sells 55,000 Shares of Bloom Energy (NYSE:BE) Stock
• Negative Sentiment: Some traders are also fading recent optimism and taking profits after the stock’s powerful rally, contributing to short-term weakness. What’s Going On With Bloom Energy Stock Thursday?

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the sale, the director owned 238,333 shares in the company, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Satish Chitoori sold 2,111 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $288.24, for a total value of $608,474.64. Following the completion of the sale, the insider owned 210,254 shares in the company, valued at $60,603,612.96. This trade represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 323,777 shares of company stock worth $71,485,514. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BE shares. Robert W. Baird boosted their price target on Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. BMO Capital Markets boosted their price target on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Royal Bank Of Canada boosted their price target on Bloom Energy to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Price Performance

Shares of BE opened at $265.01 on Friday. Bloom Energy Corporation has a 12-month low of $20.81 and a 12-month high of $322.83. The business has a 50-day simple moving average of $234.12 and a two-hundred day simple moving average of $165.91. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The stock has a market cap of $75.38 billion, a PE ratio of -5,299.16 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its 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 return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Bloom Energy Company Profile

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.