Bloom Energy Corporation $BE Shares Newly Acquired by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,918 shares of the company’s stock, valued at approximately $808,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Paragon Capital Management Inc. purchased a new position in Bloom Energy in the third quarter worth approximately $292,000. NFSG Corp grew its holdings in Bloom Energy by 137.2% during the 3rd quarter. NFSG Corp now owns 19,703 shares of the company’s stock worth $5,457,000 after acquiring an additional 11,398 shares in the last quarter. SLT Holdings LLC acquired a new position in Bloom Energy during the 3rd quarter worth approximately $903,000. Walser Wealth Management Company A Ltd Liability Co increased its position in shares of Bloom Energy by 88.6% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,761 shares of the company’s stock valued at $765,000 after purchasing an additional 1,297 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Bloom Energy by 34.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 323,295 shares of the company’s stock valued at $89,546,000 after purchasing an additional 83,418 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of the company’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 completion of the transaction, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,698 shares of company stock valued at $21,780,758 in the last quarter. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BE. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. TD Cowen raised shares of Bloom Energy to a “hold” rating in a research report on Monday, October 5th. UBS Group boosted their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Truist Financial lowered their target price on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.05.

Bloom Energy Price Performance

Shares of NYSE BE opened at $236.74 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy Corporation has a fifty-two week low of $75.70 and a fifty-two week high of $351.28. The firm has a market capitalization of $69.73 billion, a PE ratio of 315.65, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77. The stock’s 50-day simple moving average is $249.27 and its 200-day simple moving average is $246.27.

Bloom Energy (NYSE:BE) last announced 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. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts forecast that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Bloom Energy News Summary

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

• Positive Sentiment: Oracle-related demand remains a major catalyst. Oracle reportedly reaffirmed Bloom Energy’s role as the primary power source for its large AI campus, supporting the company’s positioning as a supplier of reliable electricity for data centers. Bloom Energy Got Good News From Oracle and Fell Anyway
• Positive Sentiment: Robert W. Baird raised its price target to $351 from $310 and maintained an “outperform” rating, indicating continued confidence in Bloom’s growth prospects and potential upside from current levels.
• Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but Zacks said the company lacks the combination of estimate revisions and historical factors typically associated with a likely earnings beat. Bloom Energy Reports Next Week
• Neutral Sentiment: Long-term growth expectations remain high. Management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, roughly double the prior year, but the stock trades at a demanding valuation that requires substantial future profit growth. Bloom Energy Stock Is 31% Below Its Record
• Negative Sentiment: The AI power trade is unwinding. Bloom Energy and other data-center infrastructure stocks came under pressure as investors questioned the durability of AI-related capital spending and became more concerned about debt and financing risks across the sector. Bloom Energy Is an AI Power Supply Bottleneck Bellwether
• Negative Sentiment: Macroeconomic pressure added to the selling. Higher oil prices and a hot inflation reading revived concerns that interest rates could remain elevated, weighing on high-growth infrastructure companies such as BE. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes

About Bloom Energy

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.