Arizona State Retirement System Has $5.30 Million Stake in Bloom Energy Corporation $BE

Key Points

• Arizona State Retirement System reduced its Bloom Energy holding by 6.6% to 60,992 shares, valued at about $5.30 million, while institutional investors collectively own roughly 77.04% of the company.
• Positive catalysts include a commercial win with Oracle for data‑center fuel cells, UBS raising its price target to $251, and a reported record backlog and strong demand ahead of Q1 results.
• Key risks: Bloom filed a prospectus supplement for a potential stock offering (introducing near‑term dilution risk), insiders sold 455,092 shares (~$78.6M) in the past 90 days, and valuation is elevated, which could increase volatility.

Arizona State Retirement System decreased its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,992 shares of the company's stock after selling 4,291 shares during the quarter. Arizona State Retirement System's holdings in Bloom Energy were worth $5,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC raised its stake in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company's stock valued at $28,000 after purchasing an additional 67 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $32,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust raised its holdings in shares of Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company's stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in Bloom Energy during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 77.04% of the company's stock.

More Bloom Energy News

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

• Positive Sentiment: Oracle announced it will use Bloom Energy fuel cells for Project Jupiter, a high‑profile commercial win that directly validates BE’s data‑center and enterprise demand story. Bloom Energy Stock Jumps After The Bell: Here's Why
• Positive Sentiment: Analyst bullishness: UBS raised its price target to $251 (from $171) and kept a Buy rating, citing Bloom’s positioning for AI/data‑center power demand — providing investor support for higher valuation assumptions. Is Bloom Energy (BE) Ready for the Next Wave of AI Data Center Infrastructure Buildout?
• Positive Sentiment: Operational momentum: multiple previews note a record backlog and strong demand for on‑site clean power heading into Q1 earnings, supporting upside to revenue and bookings expectations. Should You Buy, Sell or Hold Bloom Energy Ahead of Q1 Earnings?
• Neutral Sentiment: Earnings and guidance are imminent (Q1 results due after market close on April 28); the report and management commentary on backlog conversion, margins and hydrogen pipeline will likely drive short‑term moves. What To Expect From Bloom Energy’s (BE) Q1 Earnings
• Negative Sentiment: Bloom filed a prospectus supplement for a stock offering, which raises near‑term dilution risk and can pressure the share price if executed. Investors must watch size/timing details. Bloom Energy Files Prospectus Supplement for Stock Offering
• Negative Sentiment: Valuation caution: coverage pieces highlight that Bloom’s rapid rally has produced very high multiples versus fundamentals, which could lead to volatility if execution or margins miss expectations. Bloom Energy Has Made Early Investors Rich. Can It Do It Again?

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the sale, the insider owned 180,521 shares of the company's stock, valued at approximately $24,529,193.48. This trade represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shawn Marie Soderberg sold 25,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $225.13, for a total value of $5,628,250.00. Following the completion of the sale, the insider directly owned 140,732 shares in the company, valued at approximately $31,682,995.16. This represents a 15.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 455,092 shares of company stock worth $78,564,475. 3.00% of the stock is owned by company insiders.

Bloom Energy Trading Up 1.6%

Shares of Bloom Energy stock opened at $234.75 on Tuesday. The company has a market capitalization of $65.86 billion, a price-to-earnings ratio of -617.77, a PEG ratio of 9.28 and a beta of 3.18. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. Bloom Energy Corporation has a 12-month low of $16.05 and a 12-month high of $242.20. The firm's 50-day moving average price is $165.53 and its two-hundred day moving average price is $134.97.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, analysts forecast that Bloom Energy Corporation will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BE shares. Susquehanna lowered their price target on Bloom Energy to $173.00 and set a "positive" rating on the stock in a research report on Thursday, April 9th. BTIG Research boosted their price target on Bloom Energy to $165.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on Bloom Energy to $231.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 14th. Wells Fargo & Company increased their price target on Bloom Energy to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, February 6th. Finally, Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Bloom Energy presently has an average rating of "Moderate Buy" and a consensus target price of $155.95.

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.

Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.