7,785 Bloom Energy Corporation $BE Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Bloom Energy stake by 76.6% in the third quarter, selling 7,785 shares and retaining 2,376 shares valued at approximately $658,000.
• Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 beat estimates; the company also raised its full-year 2026 revenue and earnings outlook.
• Despite strong growth and a “Moderate Buy” analyst consensus, Bloom faces concerns over roughly $180 million in negative quarterly cash flow, expansion spending, insider selling and a high valuation.

Axxcess Wealth Management LLC reduced its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 76.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,376 shares of the company's stock after selling 7,785 shares during the quarter. Axxcess Wealth Management LLC's holdings in Bloom Energy were worth $658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. grew its stake in Bloom Energy by 49.3% in the 2nd 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. Compound Planning Inc. increased its position in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock valued at $467,000 after purchasing an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company's stock valued at $98,000 after purchasing an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC raised its stake in shares of Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after purchasing an additional 46 shares during the period. Finally, Truefg LLC raised its stake in shares of Bloom Energy by 2.4% during the 3rd quarter. Truefg LLC now owns 2,048 shares of the company's stock worth $567,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 77.04% of the company's stock.

Trending Headlines about Bloom Energy

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.

Insider Buying and Selling

In other Bloom Energy news, Director Jeffrey R. Immelt sold 30,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares of the company's stock, valued at $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Soderberg sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total transaction of $775,100.90. Following the transaction, the insider owned 126,500 shares of the company's stock, valued at $34,163,855. This represents a 2.22% 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 worth $21,780,758 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Stock Performance

NYSE:BE opened at $192.52 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The business has a fifty day simple moving average of $248.71 and a two-hundred day simple moving average of $249.97. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The company has a market capitalization of $56.70 billion, a P/E ratio of 118.11, a P/E/G ratio of 2.50 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last issued its 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The business's revenue was up 138.1% on a year-over-year basis. On average, analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $260.00 price target on shares of Bloom Energy in a report on Wednesday. KeyCorp restated a "sector weight" rating on shares of Bloom Energy in a report on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $335.00 price objective on shares of Bloom Energy in a research report on Friday. Zacks Research lowered shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Bloom Energy from $314.00 to $292.00 and set an "overweight" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.36.

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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