Icon Wealth Advisors LLC Decreases Position in Bloom Energy Corporation $BE

Icon Wealth Advisors LLC cut its stake in Bloom Energy Corporation (NYSE:BE) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,729 shares of the company’s stock after selling 3,805 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Bloom Energy were worth $1,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC lifted its stake in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Bloom Energy in the 4th quarter valued at about $28,000. Fifth Third Bancorp purchased a new position in Bloom Energy in the 3rd quarter valued at about $32,000. Finally, McMillan Office Inc. purchased a new position in Bloom Energy in the 4th quarter valued at about $37,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for reliable power to support AI data centers, with commentary pointing to its fuel-cell technology as a solution for grid-constrained projects and a reason traders are re-entering the name. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
• Positive Sentiment: Recent coverage says Bloom Energy continues to stand out in the renewable-energy group, with strong earnings performance helping support the bullish case and reinforcing its growth momentum versus peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
• Neutral Sentiment: Bloom Energy’s stock has already delivered an enormous multi-year gain, and one article questions whether there is still upside left after the rally, which may be encouraging some investors to reassess valuation rather than chase the stock. Bloom Energy (BE) Stock After 13x Three Year Surge Is There Still Upside Potential
• Neutral Sentiment: One bearish note downgraded Bloom Energy to hold, arguing that AI enthusiasm may be running ahead of fundamentals, which adds caution but does not point to a major business setback. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
• Negative Sentiment: Coverage also notes that Bloom Energy has pulled back from a recent peak, and that a paused data-center project tied to Crusoe raises a near-term reminder that some AI-power demand could be delayed even if the longer-term thesis remains intact. BE Stock Recovers After 10% Selloff: Morgan Stanley Says Crusoe Project Pause Does Not Break AI Power Thesis

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. TD Cowen raised their target price on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a research note on Tuesday, April 14th. Barclays raised their target price on shares of Bloom Energy to $254.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Stock Up 0.1%

Bloom Energy stock opened at $260.39 on Monday. Bloom Energy Corporation has a fifty-two week low of $20.93 and a fifty-two week high of $322.83. 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 firm has a 50 day moving average price of $246.21 and a 200 day moving average price of $171.72. The company has a market capitalization of $74.07 billion, a PE ratio of -5,206.80 and a beta of 3.74.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’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. Research analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the transaction, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This trade represents a 7.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 247,262 shares of company stock worth $59,700,045 in the last three months. Company insiders own 3.00% of the company’s stock.

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.