Bank of New York Mellon Corp Takes Position in Bloom Energy Corporation $BE

Bank of New York Mellon Corp purchased a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 979,231 shares of the company's stock, valued at approximately $296,413,000. Bank of New York Mellon Corp owned 0.34% of Bloom Energy at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. raised its holdings in shares of Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after buying an additional 37 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Bloom Energy by 725.0% during the second quarter. Bogart Wealth LLC now owns 132 shares of the company's stock valued at $40,000 after acquiring an additional 116 shares during the period. Carolina Wealth Advisors LLC boosted its stake in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after purchasing an additional 46 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Bloom Energy in the 2nd quarter valued at $54,000. Finally, Blue Trust Inc. grew its holdings in shares of Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 2,895 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the transaction, the insider owned 129,370 shares of the company's stock, valued at $30,220,832. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the company's stock in a transaction on 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 transaction, the insider directly owned 163,807 shares in the company, valued at $49,202,708.59. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 144,464 shares of company stock worth $38,504,205. 3.00% of the stock is owned by company insiders.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Strong AI data-center demand remains the bullish case. Analysts point to Bloom’s roughly $20 billion backlog, contracts or financing relationships involving Nebius, Oracle, Equinix and Brookfield, and the need for rapidly deployable power as data-center electricity constraints intensify. Bloom’s latest reported quarter also showed revenue growth of 165.5% year over year, with earnings and revenue exceeding consensus estimates. Bloom Energy growth and profitability article
• Positive Sentiment: Power Connect could improve execution. Bloom says its factory-integrated system can reduce onsite power installation time by more than 40%, potentially strengthening its competitive position in time-sensitive AI infrastructure projects. Bloom Energy Power Connect article
• Neutral Sentiment: Sector trading was mixed. FuelCell Energy and Plug Power advanced while Bloom declined, indicating that Friday’s move was not simply a broad reversal in hydrogen stocks and that company-specific concerns remained important. Hydrogen trade splits article
• Negative Sentiment: Valuation and momentum are pressuring the stock. Bloom has fallen from its year-to-date high near $350 after seven consecutive declining sessions. Commentators argue that much of the expected growth is already reflected in the valuation, leaving limited room for execution disappointments. Bloom Energy momentum article
• Negative Sentiment: Shareholder litigation is an additional overhang. Multiple law firms publicized a securities-fraud class action covering investors who bought BE securities between February 27, 2025 and July 8, 2026, with a September 28, 2026 lead-plaintiff deadline. The allegations reportedly involve disclosures about Bloom’s exposure to China’s supply chain; the claims have not been proven. Kaplan Fox Bloom Energy lawsuit notice
• Negative Sentiment: Insider selling may have added pressure by signaling that some company insiders were taking advantage of the stock’s earlier advance. Bloom Energy insider selling article

Bloom Energy Stock Down 0.8%

Shares of NYSE:BE opened at $200.78 on Friday. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The firm has a market cap of $59.14 billion, a P/E ratio of 267.71, a P/E/G ratio of 2.76 and a beta of 3.79. Bloom Energy Corporation has a 12 month low of $44.64 and a 12 month high of $351.28. The company's 50-day moving average price is $244.12 and its two-hundred day moving average price is $216.86.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period in the prior year, the business earned $0.10 earnings per share. Bloom Energy's quarterly 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. As a group, research analysts forecast that Bloom Energy Corporation will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

BE has been the subject of a number of recent analyst reports. Citigroup reiterated a "hold" rating on shares of Bloom Energy in a research report on Thursday, July 16th. Clear Str raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. BMO Capital Markets decreased their price objective on shares of Bloom Energy from $279.00 to $227.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 29th. Truist Financial dropped their price objective on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Finally, Evercore reiterated an "outperform" rating on shares of Bloom Energy in a research note on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bloom Energy has an average rating of "Moderate Buy" and an average target price of $248.05.

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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