Bloom Energy Corporation $BE Shares Acquired by State of Alaska Department of Revenue

Key Points

• Institutional interest increased significantly: Alaska’s Department of Revenue raised its Bloom Energy position by 402% to 27,902 shares, while institutional investors and hedge funds collectively own 77.04% of the company.
• Bloom Energy reported strong recent operating results: Quarterly EPS of $0.78 exceeded the $0.39 consensus estimate, revenue rose 165.5% year over year to $1.07 billion, and management issued fiscal 2026 EPS guidance of $2.55–$2.85.
• The stock has both bullish catalysts and valuation risks: Oracle-related AI data-center demand and favorable analyst actions support the outlook, but shares trade at a very high price-to-earnings ratio of 315.65, with recent insider selling and concerns about AI infrastructure spending weighing on sentiment.

State of Alaska Department of Revenue increased its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 402.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,902 shares of the company's stock after buying an additional 22,344 shares during the period. State of Alaska Department of Revenue's holdings in Bloom Energy were worth $7,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock valued at $364,066,000 after buying an additional 2,673,710 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bloom Energy during the second quarter worth about $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock worth $401,849,000 after acquiring an additional 583,135 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Bloom Energy by 228.0% in the first quarter. Bessemer Group Inc. now owns 587,947 shares of the company's stock worth $79,660,000 after acquiring an additional 408,687 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Bloom Energy by 106.0% in the first quarter. Renaissance Technologies LLC now owns 535,900 shares of the company's stock valued at $72,609,000 after purchasing an additional 275,700 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Price Performance

Shares of NYSE BE opened at $236.74 on Friday. 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 has a market capitalization of $69.73 billion, a price-to-earnings ratio of 315.65, a price-to-earnings-growth ratio of 3.08 and a beta of 3.77. Bloom Energy Corporation has a twelve month low of $75.70 and a twelve month high of $351.28. The business has a 50 day simple moving average of $249.27 and a 200-day simple moving average of $246.27.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The firm'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. As a group, equities research analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Bloom Energy News Summary

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

• Positive Sentiment: Oracle-related demand remains a major catalyst. Oracle reportedly reaffirmed Bloom Energy’s role as the primary power source for its large AI campus, supporting the company’s positioning as a supplier of reliable electricity for data centers. Bloom Energy Got Good News From Oracle and Fell Anyway
• Positive Sentiment: Robert W. Baird raised its price target to $351 from $310 and maintained an “outperform” rating, indicating continued confidence in Bloom’s growth prospects and potential upside from current levels.
• Neutral Sentiment: Bloom Energy is scheduled to report earnings next week. Wall Street expects year-over-year earnings growth, but Zacks said the company lacks the combination of estimate revisions and historical factors typically associated with a likely earnings beat. Bloom Energy Reports Next Week
• Neutral Sentiment: Long-term growth expectations remain high. Management expects 2026 revenue of approximately $3.9 billion to $4.2 billion, roughly double the prior year, but the stock trades at a demanding valuation that requires substantial future profit growth. Bloom Energy Stock Is 31% Below Its Record
• Negative Sentiment: The AI power trade is unwinding. Bloom Energy and other data-center infrastructure stocks came under pressure as investors questioned the durability of AI-related capital spending and became more concerned about debt and financing risks across the sector. Bloom Energy Is an AI Power Supply Bottleneck Bellwether
• Negative Sentiment: Macroeconomic pressure added to the selling. Higher oil prices and a hot inflation reading revived concerns that interest rates could remain elevated, weighing on high-growth infrastructure companies such as BE. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes

Insider Buying and Selling

In related 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 transaction of $676,272.00. Following the completion of the sale, the insider owned 129,370 shares of the company's stock, valued at $30,220,832. This represents a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the sale, the insider directly owned 147,092 shares of the company's stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 89,698 shares of company stock worth $21,780,758. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

BE has been the subject of a number of recent analyst reports. Barclays raised their price objective on Bloom Energy from $276.00 to $308.00 and gave the company an "equal weight" rating in a research note on Thursday, October 1st. Clear Str upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. BMO Capital Markets cut their target price on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Finally, Citigroup reiterated a "hold" rating on shares of Bloom Energy in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of "Moderate Buy" and an average price target of $259.05.

Bloom Energy Company Profile

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

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