Bloom Energy Corporation $BE Shares Purchased by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Bloom Energy stake by 480.6% in the third quarter, purchasing 8,964 additional shares and bringing its holdings to 10,829 shares valued at approximately $3.0 million. Institutional investors collectively own 77.04% of the stock.
• Bloom Energy reported quarterly revenue of $1.24 billion, up 138.1% year over year, and adjusted EPS of $0.94, beating analysts’ $0.69 consensus estimate. The company also raised its full-year outlook, citing strong demand from data centers and other customers seeking on-site power.
• Despite the earnings beat and positive outlook, the stock was trading down 11.6%, pressured by roughly $180 million in negative quarterly cash flow, expansion costs and its high valuation. Insiders sold 89,698 shares worth about $21.8 million over the prior 90 days, while analysts maintained an overall “Moderate Buy” rating with an average price target of $258.36.

Crossmark Global Holdings Inc. raised its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 480.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,829 shares of the company's stock after purchasing an additional 8,964 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Bloom Energy were worth $2,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. grew its holdings in Bloom Energy by 49.3% during the second 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. Compound Planning Inc. raised its position in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock valued at $467,000 after buying an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company's stock valued at $98,000 after acquiring an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. Finally, Truefg LLC lifted its stake in Bloom Energy by 2.4% during the 3rd quarter. Truefg LLC now owns 2,048 shares of the company's stock valued at $567,000 after acquiring an additional 48 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey Immelt sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 8,437 shares of Bloom Energy stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is owned by insiders.

Bloom Energy Trading Down 11.6%

NYSE BE opened at $192.52 on Friday. The business's fifty day moving average is $248.71 and its 200-day moving average is $249.16. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock has a market capitalization of $56.70 billion, a price-to-earnings ratio of 118.11, a PEG ratio of 2.50 and a beta of 3.77. Bloom Energy Corporation has a one year low of $75.70 and a one year high of $351.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 53.69%. The firm's quarterly revenue was up 138.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Equities research analysts predict that Bloom Energy Corporation will post 2.04 EPS for the current year.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom Energy reported record third-quarter revenue of $1.24 billion, up 138.1% year over year, while adjusted EPS of $0.94 exceeded the approximately $0.69–$0.71 analyst consensus. Net income reached $250.3 million, compared with a loss in the prior-year quarter. Bloom Energy Reports Record Third Quarter 2026 Financial Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 outlook for the third time, projecting revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40—both above consensus expectations. Management cited strong product sales, rising backlog and demand from data centers and other customers requiring reliable, on-site power. BE Q3 Earnings Beat Estimates on Strong Product Sales, View Up
• Positive Sentiment: Analyst sentiment remained generally constructive: JPMorgan maintained an “overweight” rating despite lowering its price target to $292, while RBC reaffirmed “outperform” with a $335 target and Bernstein raised its target to $306. JPMorgan Bloom Energy Ratings
• Neutral Sentiment: Broader selling in AI-related and data-center power stocks is adding pressure, as investors reassess whether projected capital spending will translate into near-term returns. Bloom’s CEO said the company’s opportunity extends beyond artificial intelligence, including broader distributed-power demand. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Operating and net cash flow were negative by roughly $180 million in the quarter. Investors are concerned that aggressive manufacturing expansion and other growth investments could require substantial cash before the higher revenue and backlog convert into sustainable free cash flow. Bloom Energy Slides as Q3 Beat and Raise Clouded by Cash Outflows
• Negative Sentiment: At a very high earnings multiple, Bloom Energy had already priced in substantial growth. Consequently, the cash-flow shortfall and expansion spending outweighed the earnings beat and guidance increase for short-term investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BE. Truist Financial upped their target price on shares of Bloom Energy from $218.00 to $240.00 and gave the stock a "hold" rating in a research note on Friday, October 16th. Jefferies Financial Group reissued a "hold" rating and set a $242.00 price target on shares of Bloom Energy in a research report on Friday. TD Cowen upgraded shares of Bloom Energy to a "hold" rating in a report on Monday, October 5th. Clear Str raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein upped their price objective on shares of Bloom Energy from $282.00 to $306.00 and gave the stock a "market perform" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.36.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.