Bank of America Corp DE Has $299.69 Million Stake in Bloom Energy Corporation $BE

Key Points

• Bank of America increased its Bloom Energy stake by 6.1% in the first quarter, owning 2.21 million shares worth approximately $299.7 million, or 0.78% of the company. Institutional investors collectively own 77.04% of Bloom Energy.
• Bloom Energy reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78 versus the $0.39 consensus estimate. The company issued fiscal 2026 EPS guidance of $2.55 to $2.85.
• Despite bullish analyst support and growing AI-related power demand, Bloom faces a high valuation, significant share-price volatility, conflicting analyst views, technology-related criticism and ongoing securities-fraud litigation.

Bank of America Corp DE increased its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,211,880 shares of the company's stock after purchasing an additional 126,649 shares during the period. Bank of America Corp DE owned approximately 0.78% of Bloom Energy worth $299,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Anchor Investment Management LLC bought a new position in Bloom Energy during the first quarter worth about $27,000. Godsey & Gibb Inc. raised its stake in Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company's stock worth $28,000 after purchasing an additional 200 shares in the last quarter. CENTRAL TRUST Co raised its stake in Bloom Energy by 10,000.0% in the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company's stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock valued at $28,000 after purchasing an additional 100 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Analyst support and AI demand: Mizuho upgraded Bloom Energy to “Outperform” and set a $242 price target, citing the potential for fuel cells to provide rapidly deployable power for data centers. Other coverage also highlights Bloom’s commercial scale and a reported multiyear backlog tied to artificial-intelligence power demand. Mizuho upgrades Bloom Energy
• Positive Sentiment: Strong quarterly results continue to support the bull case: Bloom reported quarterly revenue of $1.07 billion, up 165.5% year over year, and EPS of $0.78 versus the $0.39 consensus estimate. The company also issued fiscal 2026 EPS guidance of $2.55 to $2.85, reinforcing optimism about accelerating demand and operating leverage. Bloom Energy shares gap up after strong earnings
• Neutral Sentiment: Valuation and technical volatility are limiting conviction: Despite the earnings beat, Bloom trades at a very high earnings multiple and has fallen substantially from its 52-week high. The sharp swings indicate that traders are rapidly repricing both the company’s AI opportunity and execution risks.
• Negative Sentiment: Hunterbrook challenges fuel-cell performance claims: Hunterbrook Capital alleged that Bloom’s fuel cells may not deliver the efficiency, output, or lifespan previously claimed. The report directly attacks the company’s technology and could pressure investor confidence if its assertions gain wider attention. Hunterbrook report challenges fuel-cell performance
• Negative Sentiment: Multiple securities-fraud class-action announcements add legal overhang: Several law firms publicized a lawsuit covering investors who purchased Bloom securities from February 27, 2025, through July 8, 2026, alleging investor harm from purportedly misleading disclosures. The September 28, 2026 lead-plaintiff deadline is likely to keep the issue in focus, although the repeated notices largely concern the same case. Bloom Energy class action investor alert
• Negative Sentiment: Conflicting analyst views weigh on sentiment: Wells Fargo lowered its price target to $176 and maintained an “Equal Weight” rating, while BMO issued a pessimistic forecast. Those targets contrast sharply with Mizuho’s bullish outlook and highlight uncertainty over whether Bloom’s growth expectations justify its valuation. Bloom Energy analyst coverage

Wall Street Analysts Forecast Growth

BE has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Oppenheimer reiterated a "market perform" rating on shares of Bloom Energy in a research note on Wednesday. Zacks Research upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. BTIG Research reiterated a "buy" rating and set a $295.00 target price on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Bloom Energy in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued 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, Bloom Energy currently has an average rating of "Moderate Buy" and an average target price of $246.18.

Insider Activity at Bloom Energy

In other news, CAO Maciej Kurzymski sold 2,259 shares of Bloom Energy stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer directly owned 79,686 shares of the company's stock, valued at approximately $22,998,973.32. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total value of $820,286.46. Following the completion of the transaction, the insider directly owned 132,265 shares of the company's stock, valued at $38,175,646.95. This represents a 2.10% 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 118,617 shares of company stock worth $34,238,909 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Trading Up 0.1%

BE opened at $206.06 on Monday. The company has a market cap of $58.61 billion, a P/E ratio of 274.75 and a beta of 3.73. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The company's 50 day moving average is $261.00 and its 200-day moving average is $209.65. Bloom Energy Corporation has a 1-year low of $32.52 and a 1-year high of $351.28.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm's revenue was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities research analysts predict that Bloom Energy Corporation will post 1.55 earnings per share for the current fiscal year.

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.

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