Bank of New York Mellon Corp Trims Stake in Bloom Energy Corporation $BE

Bank of New York Mellon Corp cut its holdings in Bloom Energy Corporation (NYSE:BE) by 29.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,380,367 shares of the company’s stock after selling 568,154 shares during the period. Bank of New York Mellon Corp’s holdings in Bloom Energy were worth $187,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Anchor Investment Management LLC bought a new position in shares of Bloom Energy in the first quarter worth approximately $27,000. Godsey & Gibb Inc. increased its stake in shares of Bloom Energy by 2,000.0% in the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Bloom Energy by 10,000.0% in the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

BE opened at $213.88 on Friday. The stock has a market capitalization of $60.84 billion, a price-to-earnings ratio of -4,276.78 and a beta of 3.73. The company has a fifty day moving average of $278.38 and a 200 day moving average of $202.41. Bloom Energy Corporation has a fifty-two week low of $24.04 and a fifty-two week high of $351.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 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 analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

BE has been the topic of a number of analyst reports. Roth Capital lifted their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Wednesday, June 10th. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. TD Cowen boosted their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Truist Financial started coverage on Bloom Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $250.41.

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 2,837 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider directly owned 207,417 shares of the company’s stock, valued at approximately $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider owned 163,807 shares of the company’s stock, valued at $49,202,708.59. This represents a 4.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 153,617 shares of company stock valued at $44,003,909. 3.00% of the stock is owned by insiders.

Trending Headlines about Bloom Energy

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

About Bloom Energy

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.