Bloom Energy Corporation $BE Shares Newly Acquired by Glynn Capital Management LLC

Key Points

• Glynn Capital Management acquired 34,248 Bloom Energy shares worth approximately $9.5 million in the third quarter, making the position about 2.8% of its portfolio. Institutional investors and hedge funds collectively own 77.04% of Bloom’s stock.
• Bloom Energy reported quarterly EPS of $0.78, exceeding the $0.39 consensus estimate, while revenue reached $1.07 billion, up 165.5% year over year.
• Shares opened at $296.30, near the upper end of their 52-week range, but the stock carries a demanding valuation with a P/E ratio near 395. Analysts maintain a “Moderate Buy” consensus and an average price target of $257.18.

Glynn Capital Management LLC acquired a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,248 shares of the company's stock, valued at approximately $9,486,000. Bloom Energy accounts for approximately 2.8% of Glynn Capital Management LLC's investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds have also modified their holdings of BE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bloom Energy by 78.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock valued at $401,849,000 after buying an additional 583,135 shares in the last quarter. Jennison Associates LLC raised its stake in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock worth $364,066,000 after acquiring an additional 2,673,710 shares in the last quarter. Brooklands Fund Management Ltd acquired a new position in Bloom Energy during the fourth quarter worth $347,560,000. Bank of America Corp DE lifted its holdings in shares of Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company's stock valued at $299,688,000 after acquiring an additional 126,649 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Bloom Energy during the second quarter valued at $296,413,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 8,437 shares of Bloom Energy stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares of the company's stock, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey R. Immelt sold 30,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the transaction, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,698 shares of company stock valued at $21,780,758 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Bloom Energy Price Performance

Shares of BE stock opened at $296.30 on Wednesday. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. The stock has a market capitalization of $87.27 billion, a PE ratio of 395.07, a PEG ratio of 3.66 and a beta of 3.77. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The stock's fifty day moving average is $242.11 and its 200-day moving average is $240.46.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities research analysts expect that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BE has been the topic of several analyst reports. Robert W. Baird reaffirmed an "outperform" rating and issued a $310.00 target price on shares of Bloom Energy in a report on Thursday, July 9th. BTIG Research reissued a "buy" rating and set a $295.00 price target on shares of Bloom Energy in a report on Wednesday, July 29th. Evercore restated an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Wells Fargo & Company decreased their price objective on shares of Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Finally, Wall Street Zen raised shares of Bloom Energy from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $257.18.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Capacity expansion supports growth expectations. Bloom Energy’s manufacturing expansion could help the company meet rising demand for fuel-cell systems and distributed power, particularly from data centers. Bloom Energy expands manufacturing capacity
• Positive Sentiment: Morgan Stanley identified additional upside opportunities. The bank highlighted Bloom’s combination of on-site power generation and on-site carbon capture as a potential competitive advantage, reinforcing the long-term investment case. Morgan Stanley spots Bloom Energy opportunities
• Positive Sentiment: Earlier earnings performance remains a key catalyst. Bloom’s latest reported quarter substantially exceeded expectations, with earnings of $0.78 per share versus a $0.39 consensus estimate and revenue of $1.07 billion, up 165.5% year over year. Bloom Energy Q2 earnings review
• Neutral Sentiment: TD Cowen upgraded Bloom Energy to “hold.” The rating change is an improvement, but the hold designation signals that the analyst sees limited near-term upside relative to the stock’s recent performance. Bloom Energy stock rating upgraded by TD Cowen
• Neutral Sentiment: FuelCell Energy’s data-center project lifted sentiment across fuel-cell stocks, providing a modest sector read-through for Bloom, although the project is not a Bloom contract. FuelCell Energy and Bloom Energy stock moves
• Negative Sentiment: Bloom trades at a very demanding valuation, with a reported price-to-earnings ratio near 395. Continued gains therefore depend on rapid earnings growth and successful execution of its expansion plans.

About Bloom Energy

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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