Public Employees Retirement System of Ohio Acquires New Stake in Bloom Energy Corporation $BE

Public Employees Retirement System of Ohio bought a new stake in Bloom Energy Corporation (NYSE:BE) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 100,024 shares of the company’s stock, valued at approximately $30,277,000.

A number of other large investors have also made changes to their positions in BE. Geode Capital Management LLC grew its position in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares during the period. Brooklands Fund Management Ltd bought a new position in Bloom Energy in the fourth quarter worth approximately $347,560,000. Amundi raised its position in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after acquiring an additional 2,511,426 shares during the period. Norges Bank purchased a new position in shares of Bloom Energy during the 4th quarter worth $239,683,000. Finally, Jennison Associates LLC grew its position in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

Shares of Bloom Energy stock opened at $209.37 on Friday. The stock’s 50-day simple moving average is $235.51 and its 200-day simple moving average is $219.07. Bloom Energy Corporation has a 52 week low of $48.87 and a 52 week high of $351.28. The company has a market capitalization of $61.67 billion, a price-to-earnings ratio of 279.16, a PEG ratio of 2.98 and a beta of 3.79. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s quarterly 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, analysts expect that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Susquehanna raised their price objective on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. Mizuho raised Bloom Energy from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $285.00 to $242.00 in a research report on Thursday, July 30th. Finally, Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bloom Energy has an average rating of “Moderate Buy” and an average target price of $248.05.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: AI data-center demand remains the primary bullish catalyst. Bloom’s solid-oxide fuel cells can provide onsite electricity much faster than traditional grid infrastructure, supporting demand from data centers with urgent power needs. Analysts and bullish investors point to expanding deployments, constructive backlog expectations and the potential for backlog growth beyond the company’s previously reported $20 billion level. Prediction: Bloom Energy’s Backlog Will Top $50 Billion Before Year’s End
• Positive Sentiment: Power Connect could improve execution and accelerate revenue conversion. Bloom says its factory-integrated system pre-wires and tests equipment before delivery, potentially reducing onsite installation time by more than 40% and making the company’s solutions more attractive for rapidly expanding AI infrastructure projects. Bloom Energy Is Up 7.6% After Launching Power Connect To Speed Data Center Deployments
• Positive Sentiment: Recent fundamentals and comparisons remain supportive. Bloom recently exceeded quarterly EPS and revenue expectations, while coverage has highlighted its stronger AI-power growth outlook relative to FuelCell Energy and other energy-storage competitors. Bloom Energy vs. FuelCell Energy: Which Fuel Cell Stock Has an Edge?

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,464 shares of company stock worth $22,131,255 in the last quarter. 3.00% of the stock is owned by insiders.

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.