Oak Grove Capital LLC Acquires 3,400 Shares of Bloom Energy Corporation $BE

Oak Grove Capital LLC boosted its stake in Bloom Energy Corporation (NYSE:BE) by 85.0% during the third quarter, Holdings Channel.com reports. The fund owned 7,400 shares of the company’s stock after purchasing an additional 3,400 shares during the quarter. Oak Grove Capital LLC’s holdings in Bloom Energy were worth $2,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bloom Energy by 78.3% during the second 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 purchasing an additional 583,135 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Bloom Energy by 20,074.4% during the first 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. Brooklands Fund Management Ltd acquired a new position in shares of Bloom Energy during the 4th quarter worth about $347,560,000. Bank of America Corp DE raised its position in shares of Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after purchasing an additional 126,649 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Bloom Energy in the 2nd quarter valued at about $296,413,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom Energy’s fuel-cell systems are benefiting from growing demand among AI data centers seeking on-site power generation. Management had discussed this opportunity before the stock’s major rally, which has reflected expectations for a broader power-infrastructure buildout. What Did Bloom Energy Stock Investors Miss Before The Run?
• Positive Sentiment: The company’s second-quarter results showed a sharp improvement, with approximately $196 million in profit versus a loss of about $43 million a year earlier. Bloom also reported strong revenue growth and earnings above consensus in the latest results. Can Bloom Energy Stay Profitable as It Doubles in Size?
• Positive Sentiment: UBS raised its price target for Bloom Energy to $350, signaling that at least one major analyst sees additional upside despite recent selling across fuel-cell and hydrogen stocks. Bloom Energy Tumbles 8% Even as UBS Lifts Its Price Target to $350
• Neutral Sentiment: Executives are scheduled to discuss opportunities created by the AI-infrastructure boom at TechCrunch Disrupt, keeping investor attention focused on potential data-center deployments and power demand. Bloom Energy Executives Discuss AI Infrastructure Opportunities
• Negative Sentiment: Bernstein reiterated a “Market Perform” rating with a $282 price target, indicating limited upside or potential downside from recent levels. The cautious stance follows a sharp prior decline and broader weakness in fuel-cell and hydrogen names. Bernstein Rating on Bloom Energy
• Negative Sentiment: Investors are questioning whether Bloom can remain profitable as it rapidly expands. A $37.4 million tariff refund boosted second-quarter gross margin, making the quality and repeatability of recent earnings a key concern. Can Bloom Energy Stay Profitable as It Doubles in Size?

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of Bloom Energy stock in a transaction on 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 transaction, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 89,698 shares of company stock worth $21,780,758 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Trading Up 2.7%

BE opened at $280.16 on Friday. The firm has a market capitalization of $82.52 billion, a price-to-earnings ratio of 373.55, a price-to-earnings-growth ratio of 3.51 and a beta of 3.77. The company’s 50 day simple moving average is $247.46 and its two-hundred day simple moving average is $242.47. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28. 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 (NYSE:BE) last posted its quarterly 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 return on equity of 35.45% and a net margin of 7.87%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same period in the prior year, the business earned $0.10 earnings per share. The business’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. Analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Barclays lifted their price target on Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $282.00 price objective on shares of Bloom Energy in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.