Bloom Energy Corporation $BE Shares Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring increased its Bloom Energy stake by 33.1% in the third quarter, adding 111,367 shares to bring its holding to 447,820 shares, worth about $124.3 million. Other institutional investors also added shares; institutions own 77.04% of the company.
• Bloom reported strong third-quarter results: revenue climbed 138.1% year over year to $1.24 billion, and EPS of $0.94 beat the $0.69 consensus estimate. Investor interest also centers on data-center power demand and reported fuel-cell projects, including a 900-megawatt agreement with NTT DATA.
• Valuation remains a concern amid the growth outlook: analysts’ consensus rating is “Hold,” with an average price target of $263.05. Insiders sold shares in the past 90 days, though the two detailed sales were to cover tax withholding on vested equity awards.

Allspring Global Investments Holdings LLC grew its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 33.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 447,820 shares of the company's stock after buying an additional 111,367 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.15% of Bloom Energy worth $124,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. increased its position in shares of Bloom Energy by 3,114.3% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 4,050 shares of the company's stock worth $1,122,000 after acquiring an additional 3,924 shares in the last quarter. Almanack Investment Partners LLC. raised its holdings in shares of Bloom Energy by 40.5% during the third quarter. Almanack Investment Partners LLC. now owns 1,114 shares of the company's stock worth $309,000 after acquiring an additional 321 shares during the period. Elite Wealth Management Inc. raised its holdings in shares of Bloom Energy by 195.8% during the third quarter. Elite Wealth Management Inc. now owns 27,922 shares of the company's stock worth $7,734,000 after acquiring an additional 18,484 shares during the period. M Holdings Securities Inc. bought a new stake in Bloom Energy in the 3rd quarter valued at $999,000. Finally, Candriam S.C.A. lifted its position in Bloom Energy by 27.0% in the 3rd quarter. Candriam S.C.A. now owns 43,287 shares of the company's stock valued at $12,033,000 after acquiring an additional 9,193 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,870 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the transaction, the insider owned 126,500 shares in the company, valued at $34,163,855. This trade represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 85,859 shares of company stock worth $20,994,650 in the last 90 days. Company 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’s data-center opportunity gained attention after reports highlighted about 1.6 gigawatts of fuel-cell projects, including a 900-megawatt agreement with NTT DATA and its role in Google’s planned Wyoming project. The deals reinforce demand for on-site power as data centers face grid constraints. Why Bloom Energy Stock Popped Today
• Positive Sentiment: Recent operating results provide further support: third-quarter revenue rose 138%, and Bloom raised its full-year guidance again. Is Bloom Energy Really Worth $200 Right Now? Here's the Math.
• Neutral Sentiment: Some investors see clean, on-site fuel cells as a way for data centers to secure power while limiting pressure on the grid. That demand thesis could benefit Bloom, but its scale depends on projects moving forward and customers continuing to invest. Bloom Energy Blooming With Huge Electricity Demand
• Negative Sentiment: Valuation is a key concern: at roughly $200 a share, the stock was described as trading at more than 60 times the midpoint of projected 2026 adjusted EPS, leaving little room for execution disappointments. Is Bloom Energy Really Worth $200 Right Now? Here's the Math.
• Negative Sentiment: Quiver’s six-month data showed 24 open-market insider sales and no purchases, a potential cautionary signal, though it does not establish the reason for those transactions. Bloom Energy rises as investors refocus on major data-center power deals

Bloom Energy Trading Up 12.0%

BE stock opened at $193.97 on Tuesday. Bloom Energy Corporation has a one year low of $75.70 and a one year high of $351.28. The stock has a market cap of $57.35 billion, a price-to-earnings ratio of 104.92, a price-to-earnings-growth ratio of 2.02 and a beta of 3.63. The company has a fifty day moving average price of $245.69 and a two-hundred day moving average price of $221.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company's revenue was up 138.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on BE. UBS Group boosted their target price on Bloom Energy from $325.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Barclays raised shares of Bloom Energy from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $316.00 to $289.00 in a research report on Tuesday, November 3rd. Roth Capital set a $230.00 price target on shares of Bloom Energy in a research report on Friday, October 23rd. TD Cowen upgraded shares of Bloom Energy to a "hold" rating in a research note on Monday, October 5th. Finally, BTIG Research decreased their price objective on Bloom Energy from $295.00 to $250.00 and set a "buy" rating for the company in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bloom Energy currently has a consensus rating of "Hold" and a consensus target price of $263.05.

Bloom Energy Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.

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