Assenagon Asset Management S.A. Purchases 233,020 Shares of Bloom Energy Corporation $BE

Key Points

• Assenagon Asset Management increased its Bloom Energy stake by 3,398.3% in the second quarter, purchasing 233,020 additional shares and bringing its holdings to 239,877 shares. Institutional investors collectively own 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, exceeding the $0.39 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $246.18.
• The company is expanding its AI-infrastructure power partnerships and may increase Fremont manufacturing capacity, but insider selling and a securities lawsuit alleging misleading China-supply-chain disclosures add risk and uncertainty.

Assenagon Asset Management S.A. lifted its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 3,398.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,877 shares of the company's stock after purchasing an additional 233,020 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Bloom Energy worth $72,611,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BE. MJT & Associates Financial Advisory Group Inc. lifted its position in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock valued at $34,000 after buying an additional 37 shares during the last quarter. Compound Planning Inc. grew its position in shares of Bloom Energy by 1.1% in the first 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. Blue Trust Inc. boosted its stake in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after purchasing an additional 51 shares during the period. HB Wealth Management LLC boosted its stake in Bloom Energy by 1.6% in the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company's stock valued at $466,000 after purchasing an additional 54 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Bloom Energy by 0.7% during the 1st quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company's stock worth $1,136,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Buying and Selling

In other news, CAO Maciej Kurzymski sold 6,229 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer owned 81,945 shares in the company, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 8,343 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the sale, the insider owned 163,807 shares in the company, valued at $49,202,708.59. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,617 shares of company stock valued at $30,648,609 over the last quarter. Corporate insiders own 3.00% of the company's stock.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy expanded its partnership with MiTAC Computing Technology to deploy fuel-cell systems for an islanded microgrid supporting AI infrastructure. The agreement reinforces the company’s position in the growing market for onsite power for data centers, though financial terms were not disclosed. Bloom Energy and MiTAC expanded partnership
• Positive Sentiment: BE was added to Zacks’ Rank #1 “Strong Buy” growth-stock list, offering some support for the bullish AI power-demand thesis. Zacks growth stocks list
• Neutral Sentiment: Bloom Energy is reportedly considering a Fremont manufacturing expansion that could create hundreds of jobs, potentially increasing production capacity but also requiring additional investment. Bloom Energy Fremont expansion
• Negative Sentiment: Several law firms reminded investors of a securities class action covering purchases from February 27, 2025, through July 8, 2026. The lawsuit alleges Bloom misled investors by claiming it had no China supply chain while allegedly obtaining scandium through intermediaries connected to China. Investors have until September 28, 2026, to seek lead-plaintiff status. The allegations are unproven, but the litigation adds legal costs, reputational risk and uncertainty—likely the main reason shares have decreased recently. Bloom Energy securities class action allegations

Bloom Energy Price Performance

BE stock opened at $220.18 on Friday. The company has a 50 day simple moving average of $254.14 and a 200 day simple moving average of $212.16. Bloom Energy Corporation has a 1 year low of $36.47 and a 1 year high of $351.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock has a market cap of $64.85 billion, a price-to-earnings ratio of 293.57, a P/E/G ratio of 3.13 and a beta of 3.79.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company's revenue was up 165.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Research analysts anticipate that Bloom Energy Corporation will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BE shares. Evercore reissued an "outperform" rating on shares of Bloom Energy in a research report on Friday. Roth Capital raised their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Oppenheimer reissued a "market perform" rating on shares of Bloom Energy in a report on Wednesday, July 29th. Finally, Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.18.

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.

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