Allspring Global Investments Holdings LLC Sells 62,175 Shares of Bloom Energy Corporation $BE

Allspring Global Investments Holdings LLC trimmed its holdings in Bloom Energy Corporation (NYSE:BE) by 12.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 454,532 shares of the company’s stock after selling 62,175 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bloom Energy were worth $60,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BE. Blue Trust Inc. boosted its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. HB Wealth Management LLC lifted its stake in shares of Bloom Energy by 1.6% during the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after buying an additional 54 shares during the last quarter. WPG Advisers LLC lifted its stake in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Bloom Energy by 29.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 334 shares of the company’s stock worth $45,000 after buying an additional 75 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Bloom Energy by 2.9% during the 1st quarter. D.A. Davidson & CO. now owns 2,655 shares of the company’s stock worth $360,000 after buying an additional 75 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

BE stock opened at $213.88 on Friday. The company’s 50-day moving average price is $278.38 and its two-hundred day moving average price is $202.41. The firm has a market cap of $60.84 billion, a P/E ratio of -4,276.78 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. Bloom Energy Corporation has a 12 month low of $24.04 and a 12 month high of $351.28.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, analysts anticipate that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BE. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. BTIG Research raised their price objective on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a report on Wednesday, April 29th. Jefferies Financial Group upped their target price on Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Truist Financial began coverage on shares of Bloom Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $250.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $250.41.

Insider Activity

In other news, insider Satish Chitoori sold 2,837 shares of Bloom Energy stock in a transaction 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 transaction, the insider owned 207,417 shares in the company, valued at approximately $59,966,328.87. This trade represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,259 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total value of $651,992.58. Following the transaction, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at $22,998,973.32. This trade represents a 2.76% 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. Over the last ninety days, insiders sold 153,617 shares of company stock valued at $44,003,909. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: IDF and Oaktree announced a $1.7 billion investment to deploy Bloom Energy fuel cells for Nebius’ AI infrastructure, supporting growth in Bloom’s core power technology and strengthening its AI-related revenue opportunity. Reuters article
• Positive Sentiment: Additional coverage and commentary have highlighted Bloom Energy’s strong stock performance and momentum, with analysts describing it as a stock benefiting from solid quarterly results and long-term gains. Yahoo Finance article
• Neutral Sentiment: Bloom Energy has also appeared on momentum screens and in analyst-style market commentary, which may support trading interest but does not change the company’s fundamentals. Zacks article
• Negative Sentiment: Two law firms announced securities-fraud investigations into Bloom Energy following a short report, creating headline risk and raising concerns about potential disclosures or litigation. Business Wire article
• Negative Sentiment: Short-seller commentary and related reports have argued Bloom may face supply-chain risks and valuation concerns, which could pressure sentiment despite the AI deal news. Barchart article

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.