Assetmark Inc. Increases Stock Position in Bloom Energy Corporation $BE

Assetmark Inc. grew its stake in Bloom Energy Corporation (NYSE:BE) by 6,709.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,523 shares of the company’s stock after buying an additional 18,251 shares during the period. Assetmark Inc.’s holdings in Bloom Energy were worth $2,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Bloom Energy in the 1st quarter worth $27,000. WPG Advisers LLC grew its position in 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 acquiring an additional 67 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Bloom Energy by 45.5% in the fourth 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 last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: JPMorgan raised its price target on Bloom Energy, reinforcing a bullish view and helping extend momentum in the shares ahead of earnings. JPMorgan Chase & Co. Increases Bloom Energy (NYSE:BE) Price Target to $346.00
• Positive Sentiment: Analysts and commentary continue to point to surging AI-driven power demand, including Bloom Energy’s role in data center build-outs and a major Oracle fuel-cell deal, which supports the stock’s valuation narrative. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Positive Sentiment: RBC suggested EdgeMode’s newly announced Panama AI data center projects could be an expansion of an existing Bloom Energy partnership, adding to speculation that BE may benefit from additional AI infrastructure demand. Bloom Energy Could Be Behind Massive Panama AI Data Center Projects, Says RBC
• Neutral Sentiment: Bloom Energy is set to report Q2 results, and while expectations are rising, the stock’s premium valuation means investors are likely waiting for execution and guidance to justify further upside. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: After a sharp run-up, BE has recently given back some gains and also underperformed in the latest session, suggesting volatility as traders digest the rally and await earnings. Bloom Energy (BE) Suffers a Larger Drop Than the General Market: Key Insights

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Wednesday, June 10th. Susquehanna boosted their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research report on Friday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $235.00 price target on shares of Bloom Energy in a research note on Monday. Roth Capital increased their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $254.00.

Insider Transactions at Bloom Energy

In other news, CAO Maciej Kurzymski sold 2,259 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer directly owned 79,686 shares in the company, valued at $22,998,973.32. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of Bloom Energy stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the transaction, the insider owned 132,265 shares in the company, valued at approximately $38,175,646.95. This trade represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 153,617 shares of company stock valued at $44,003,909. Company insiders own 3.00% of the company’s stock.

Bloom Energy Stock Down 0.4%

BE stock opened at $217.30 on Friday. The business’s 50-day moving average is $272.41 and its two-hundred day moving average is $206.75. 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 company has a market cap of $61.81 billion, a price-to-earnings ratio of -4,345.07 and a beta of 3.73. Bloom Energy Corporation has a fifty-two week low of $29.90 and a fifty-two week high of $351.28.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during 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 firm’s revenue was up 130.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

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.