Geode Capital Management LLC Buys 269,662 Shares of Bloom Energy Corporation $BE

Geode Capital Management LLC grew its stake in Bloom Energy Corporation (NYSE:BE) by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,277,461 shares of the company’s stock after purchasing an additional 269,662 shares during the period. Geode Capital Management LLC’s holdings in Bloom Energy were worth $461,272,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. lifted its stake in shares of Bloom Energy by 55.7% in the 4th quarter. Harbour Investments Inc. now owns 1,305 shares of the company’s stock valued at $113,000 after purchasing an additional 467 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $264,000. Allstate Corp bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $1,442,000. GeoSphere Capital Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $3,997,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Bloom Energy by 0.9% in the 4th quarter. Clearstead Advisors LLC now owns 13,324 shares of the company’s stock valued at $1,158,000 after purchasing an additional 115 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy continues to get bullish attention from analysts and media, including a recent Daiwa upgrade to Outperform with a $324 price target, citing an inflection in orders, capacity, and margins. Here’s Why Bloom Energy (BE) Is Among the Best Future Stocks to Buy Right Now
• Positive Sentiment: Recent commentary also highlights Bloom Energy’s strong growth outlook, with articles pointing to rising interest in its fuel-cell technology and improving earnings potential. Bloom Energy: Spare Capacity May Lead To Surging EPS Growth
• Neutral Sentiment: Several comparison pieces versus FuelCell Energy kept Bloom in the spotlight, with analysts favoring BE’s estimate upgrades and return on invested capital over FCEL’s lower leverage. Bloom Energy vs. FuelCell Energy: Which Clean Energy Stock Leads?
• Negative Sentiment: The main driver of weakness appears to be profit-taking after a steep recent move, as traders unwind positions tied to the AI data-center power-demand theme. Bloom Energy Stock Is Sliding: What’s Driving The Move?
• Negative Sentiment: Another note from Thursday said BE was already slipping as investors reassessed how much upside was left after the recent surge. What’s Going On With Bloom Energy Stock Today?

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Bloom Energy to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a research note on Tuesday, April 14th. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Susquehanna raised their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $217.48.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 2,111 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.24, for a total value of $608,474.64. Following the sale, the insider directly owned 210,254 shares in the company, valued at approximately $60,603,612.96. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 4,813 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.20, for a total value of $1,387,106.60. Following the completion of the sale, the insider owned 175,708 shares in the company, valued at approximately $50,639,045.60. The trade was a 2.67% decrease in their ownership of the stock. 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 90 days, insiders sold 268,777 shares of company stock valued at $55,112,564. Company insiders own 3.00% of the company’s stock.

Bloom Energy Trading Down 0.2%

Shares of NYSE BE opened at $284.48 on Monday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The business’s 50 day moving average price is $220.81 and its 200-day moving average price is $160.38. Bloom Energy Corporation has a fifty-two week low of $18.12 and a fifty-two week high of $322.83. The company has a market cap of $80.92 billion, a price-to-earnings ratio of -5,688.50 and a beta of 3.74.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current 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.