Geneos Wealth Management Inc. Acquires 6,562 Shares of Bloom Energy Corporation $BE

Geneos Wealth Management Inc. increased its stake in Bloom Energy Corporation (NYSE:BE) by 353.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,421 shares of the company’s stock after acquiring an additional 6,562 shares during the period. Geneos Wealth Management Inc.’s holdings in Bloom Energy were worth $1,141,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BE. Strs Ohio lifted its position in Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after buying an additional 8,200 shares during the last quarter. Fortem Financial Group LLC bought a new position in Bloom Energy during the fourth quarter valued at $369,000. Norges Bank bought a new position in Bloom Energy during the fourth quarter valued at $239,683,000. Cidel Asset Management Inc. purchased a new stake in shares of Bloom Energy in the first quarter valued at $445,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Bloom Energy in the first quarter valued at $8,468,000. 77.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BE has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Robert W. Baird reissued an “outperform” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Thursday, July 9th. UBS Group raised their price objective on shares of Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. BTIG Research boosted their target price on Bloom Energy to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Roth Capital upped their target price on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $250.41.

Bloom Energy Stock Up 3.5%

Shares of BE opened at $213.88 on Friday. The firm has a market capitalization of $60.84 billion, a P/E ratio of -4,276.78 and a beta of 3.73. Bloom Energy Corporation has a 12-month low of $24.04 and a 12-month high of $351.28. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a fifty day moving average price of $278.38 and a 200-day moving average price of $202.41.

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

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 2,842 shares of the firm’s stock in a transaction that occurred 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 directly owned 132,265 shares of the company’s stock, valued at approximately $38,175,646.95. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,837 shares of Bloom Energy stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the sale, the insider directly owned 207,417 shares of the company’s stock, valued at $59,966,328.87. This represents a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 153,617 shares of company stock worth $44,003,909 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Key Stories Impacting 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

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.