6,201 Bloom Energy Corporation $BE Shares Bought by Straight Path Wealth Management

Key Points

• Straight Path Wealth Management more than doubled its Bloom Energy stake in the third quarter, purchasing 6,201 additional shares to own 11,701 shares valued at approximately $3.24 million. Institutional investors collectively own 77.04% of the company.
• Bloom Energy reported a strong third quarter, with revenue rising 138.1% year over year to $1.24 billion and adjusted EPS of $0.94, beating estimates. The company also raised its 2026 revenue and adjusted-EPS guidance for the third time, citing robust product sales, backlog growth and data-center demand.
• Despite positive earnings and generally constructive analyst ratings, investors remain concerned about roughly $180 million in negative quarterly cash flow, expansion spending and Bloom Energy’s elevated valuation. The stock carries a consensus “Moderate Buy” rating with an average price target of $258.36.

Straight Path Wealth Management increased its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 112.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,701 shares of the company's stock after buying an additional 6,201 shares during the quarter. Bloom Energy comprises 0.7% of Straight Path Wealth Management's portfolio, making the stock its 22nd largest position. Straight Path Wealth Management's holdings in Bloom Energy were worth $3,241,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after acquiring an additional 51 shares during the period. Continuum Advisory LLC acquired a new stake in Bloom Energy in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Bloom Energy during the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of Bloom Energy during the first quarter valued at approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its stake in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock valued at $34,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,895 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the transaction, the insider owned 129,370 shares of the company's stock, valued at approximately $30,220,832. This trade represents a 2.19% 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. Insiders have sold a total of 89,698 shares of company stock valued at $21,780,758 over the last ninety days. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

BE has been the topic of a number of recent research reports. Evercore reissued an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Morgan Stanley raised their price target on shares of Bloom Energy from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Friday. BTIG Research dropped their price target on shares of Bloom Energy from $295.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday. Wall Street Zen downgraded shares of Bloom Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, UBS Group upped their price objective on shares of Bloom Energy from $325.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.36.

More Bloom Energy News

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

• Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Net income reached $250.3 million, compared with a loss in the prior-year quarter. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 outlook for the third time, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above consensus expectations. Management cited strong product sales, rising backlog and demand from data centers and other customers requiring reliable, on-site power. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: Analyst sentiment remained generally constructive: JPMorgan maintained an “overweight” rating despite lowering its price target to $292, while RBC reaffirmed “outperform” with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Broader selling in AI-related and data-center power stocks is adding pressure, as investors reassess whether projected capital spending will translate into near-term returns. Bloom’s CEO said the company’s opportunity extends beyond artificial intelligence, including broader distributed-power demand. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Operating and net cash flow were negative by roughly $180 million in the quarter. Investors are concerned that aggressive manufacturing expansion and other growth investments could require substantial cash before the higher revenue and backlog convert into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: At a very high earnings multiple, Bloom Energy had already priced in substantial growth. Consequently, the cash-flow shortfall and expansion spending outweighed the earnings beat and guidance increase for short-term investors.

Bloom Energy Stock Performance

Shares of BE stock opened at $192.52 on Monday. The stock has a market capitalization of $56.70 billion, a price-to-earnings ratio of 118.11, a PEG ratio of 2.50 and a beta of 3.77. Bloom Energy Corporation has a one year low of $75.70 and a one year high of $351.28. The company's 50-day simple moving average is $248.71 and its 200-day simple moving average is $249.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.15 EPS. The business's revenue was up 138.1% compared to the same quarter last year. Equities analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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