Arizona State Retirement System Acquires 16,333 Shares of Bloom Energy Corporation $BE

Key Points

• Arizona State Retirement System increased its Bloom Energy stake by 26.7%, purchasing 16,333 shares to own 77,410 shares valued at approximately $23.4 million. Institutional investors collectively hold 77.04% of the company.
• Bloom Energy reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78, well above estimates of $0.39. Analysts maintain a “Moderate Buy” consensus with an average price target of $249.18.
• Growth prospects from AI data-center power demand and upcoming S&P 500 inclusion support the bullish outlook, but the stock’s elevated valuation leaves limited room for disappointment. Insider selling and securities litigation allegations add further risks for investors.

Arizona State Retirement System grew its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 26.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,410 shares of the company's stock after buying an additional 16,333 shares during the quarter. Arizona State Retirement System's holdings in Bloom Energy were worth $23,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. West Family Investments Inc. bought a new stake in Bloom Energy in the second quarter worth $303,000. Waverly Advisors LLC bought a new stake in shares of Bloom Energy in the 2nd quarter worth about $599,000. Light Street Capital Management LLC lifted its holdings in shares of Bloom Energy by 66.3% in the 2nd quarter. Light Street Capital Management LLC now owns 84,167 shares of the company's stock worth $25,477,000 after acquiring an additional 33,542 shares during the last quarter. Nykredit A S purchased a new position in shares of Bloom Energy during the 2nd quarter worth about $26,938,000. Finally, HighTower Advisors LLC boosted its stake in shares of Bloom Energy by 1.1% during the 2nd quarter. HighTower Advisors LLC now owns 67,460 shares of the company's stock worth $20,420,000 after purchasing an additional 737 shares during the period. Institutional investors own 77.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BE. JPMorgan Chase & Co. reduced their price objective on shares of Bloom Energy from $346.00 to $314.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Jefferies Financial Group upped their target price on Bloom Energy from $188.00 to $229.00 and gave the company a "hold" rating in a research note on Friday, August 14th. Barclays increased their price target on Bloom Energy from $254.00 to $276.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 23rd. Susquehanna raised their price target on Bloom Energy from $293.00 to $298.00 and gave the stock a "positive" rating in a research note on Friday, July 10th. Finally, Evercore restated an "outperform" rating on shares of Bloom Energy in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $249.18.

Insider Transactions at Bloom Energy

In other news, insider Shawn Soderberg sold 2,895 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the sale, the insider owned 129,370 shares in the company, valued at approximately $30,220,832. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director directly owned 208,333 shares of the company's stock, valued at $52,083,250. The trade was a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,464 shares of company stock valued at $22,131,255 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Up 9.2%

Shares of NYSE BE opened at $276.10 on Wednesday. Bloom Energy Corporation has a 52-week low of $52.00 and a 52-week high of $351.28. The firm has a market capitalization of $81.32 billion, a price-to-earnings ratio of 368.13, a PEG ratio of 3.46 and a beta of 3.80. The stock has a 50 day moving average price of $225.92 and a 200 day moving average price of $223.95. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same period in the previous year, the company posted $0.10 EPS. Bloom Energy's revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts expect that Bloom Energy Corporation will post 1.92 earnings per share for the current year.

Bloom Energy News Roundup

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

• Positive Sentiment: S&P 500 inclusion is the primary catalyst. Bloom Energy will join the index before the market opens on September 21. The change is expected to generate demand from index-tracking funds and increase the company’s visibility among institutional investors. Bloom Energy Rallies on News of S&P 500 Addition
• Positive Sentiment: AI data-center demand is strengthening the growth outlook. Analysts and financial commentators say Bloom’s fuel-cell systems can provide fast, scalable, on-site power for hyperscale data centers, where grid constraints and permitting delays are increasing demand for alternative solutions. Recent coverage cited record second-quarter revenue above $1 billion, 165.5% year-over-year growth, strong gross margins and higher full-year guidance. Bloom Energy Could See An AI-Memory-Style Frenzy
• Positive Sentiment: Momentum and estimates remain favorable. BE has outperformed its industry recently, while improving EPS forecasts and investor interest in AI infrastructure have helped reinforce the bullish narrative. The company’s prior quarterly earnings also exceeded consensus estimates on both earnings and revenue.
• Neutral Sentiment: Valuation leaves little room for disappointment. Commentary noted that the stock has risen sharply over the past year and now trades at a premium valuation. Future performance will depend on whether AI-related orders, backlog growth and earnings expansion can justify the current price.
• Negative Sentiment: Multiple law firms are promoting a securities class action against Bloom Energy. The lawsuits and investor alerts allege that the company misrepresented its exposure to a China-linked scandium supply chain, despite statements that it had no China supply chain. The lead-plaintiff deadline is September 28, 2026. The allegations have not been proven, but the litigation creates reputational, legal and potential financial risks. Bloom Energy Securities Class Action Alert

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.

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