First Trust Advisors LP Sells 97,478 Shares of Bloom Energy Corporation $BE

First Trust Advisors LP reduced its stake in shares of Bloom Energy Corporation (NYSE:BE) by 18.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 423,697 shares of the company’s stock after selling 97,478 shares during the period. First Trust Advisors LP’s holdings in Bloom Energy were worth $57,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BE. Blue Trust Inc. boosted its position in shares of Bloom Energy by 37.2% in the first 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. HB Wealth Management LLC increased its position in Bloom Energy by 1.6% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after acquiring an additional 54 shares during the period. WPG Advisers LLC raised its stake in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in Bloom Energy by 29.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Bloom Energy by 2.9% in the 1st quarter. D.A. Davidson & CO. now owns 2,655 shares of the company’s stock valued at $360,000 after purchasing an additional 75 shares during the period. Institutional investors own 77.04% of the company’s stock.

Insider Activity at Bloom Energy

In other news, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. This trade represents a 7.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the sale, the director directly owned 108,524 shares of the company’s stock, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 153,617 shares of company stock worth $44,003,909. 3.00% of the stock is currently owned by insiders.

Bloom Energy Stock Performance

Shares of BE stock opened at $185.80 on Friday. The company has a market cap of $52.85 billion, a price-to-earnings ratio of -3,715.24 and a beta of 3.73. Bloom Energy Corporation has a 52 week low of $32.52 and a 52 week high of $351.28. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a 50 day moving average of $270.58 and a 200-day moving average of $206.60.

Bloom Energy (NYSE:BE) last released its quarterly earnings data 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. The company had revenue of $751.05 million during 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%. Bloom Energy’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BE. Robert W. Baird reiterated an “outperform” rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Thursday, July 9th. Barclays raised their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday. Evercore reissued an “outperform” rating and set a $350.00 target price on shares of Bloom Energy in a report on Wednesday, July 1st. Finally, Susquehanna upped their price target on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $254.00.

Key Bloom Energy News

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

• Positive Sentiment: Recent commentary remains constructive on Bloom Energy’s long-term AI power demand story, with analysts and bullish articles highlighting its role in supplying on-site power for data centers and other large energy users. Bloom Energy: AI’s Power Crunch Creates Rare Buying Opportunity
• Positive Sentiment: Bloom Energy is entering its upcoming Q2 report with elevated expectations, supported by AI-driven demand and the recently highlighted Oracle fuel-cell deal, which could keep sentiment favorable if results and guidance confirm the growth narrative. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Wall Street preview pieces are focusing on Q2 metrics and expectations rather than a new negative catalyst, suggesting investors are waiting for the earnings release for confirmation on revenue growth, margins, and cash flow. Unlocking Q2 Potential of Bloom Energy (BE): Exploring Wall Street Estimates for Key Metrics
• Neutral Sentiment: Unusual options activity showed a sharp increase in put buying, indicating traders are hedging or betting on further near-term downside, but this is more of a sentiment signal than a fundamental development.
• Negative Sentiment: BE is being hit by a broad selloff across the fuel-cell and hydrogen space, which is weighing on the stock despite its longer-term growth story. Bloom Energy Tumbles 13%, FuelCell Energy Drops 9%, Plug Power Slips 4% in Fuel-Cell Selloff

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.