Bloom Energy Corporation $BE Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group cut its Bloom Energy stake by 18.6% in the second quarter, selling 51,843 shares and retaining 227,450 shares valued at approximately $68.8 million. Institutional investors collectively own 77.04% of the company.
• Bloom Energy reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78, beating analyst expectations of $0.39. The company issued fiscal 2026 EPS guidance of $2.55–$2.85.
• Analyst sentiment remains a “Moderate Buy”, with an average price target of $249.18, although recent targets vary widely and the stock’s elevated valuation—around 359 times earnings—has prompted caution.

Baird Financial Group Inc. lowered its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,450 shares of the company's stock after selling 51,843 shares during the period. Baird Financial Group Inc. owned about 0.08% of Bloom Energy worth $68,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BE. California State Teachers Retirement System boosted its stake in shares of Bloom Energy by 39,637.2% in the second quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company's stock worth $37,391,539,000 after acquiring an additional 123,215,865 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company's stock valued at $461,272,000 after purchasing an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in Bloom Energy in the 4th quarter valued at $347,560,000. Amundi boosted its stake in Bloom Energy by 390.7% during the 4th quarter. Amundi now owns 3,154,197 shares of the company's stock worth $274,068,000 after purchasing an additional 2,511,426 shares during the last quarter. Finally, Norges Bank acquired a new stake in Bloom Energy during the 4th quarter worth $239,683,000. Institutional investors and hedge funds own 77.04% of the company's stock.

More Bloom Energy News

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

• Positive Sentiment: S&P 500 inclusion: Bloom Energy is scheduled to join the S&P 500 before trading begins on September 21. The change is expected to generate buying from index-tracking funds and increase institutional visibility. ETFs in Spotlight as Bloom Energy is Set to Join the S&P 500 Index
• Positive Sentiment: AI data-center power demand: Analysts continue to highlight Bloom’s ability to provide quickly deployable, onsite electricity amid grid constraints. A report noted that the company delivered power to an Oracle data center in 55 days, potentially strengthening its competitive position with hyperscale customers. Bloom Energy Delivered Power to an Oracle Data Center in 55 Days
• Positive Sentiment: Strong operating momentum: Recent coverage points to second-quarter revenue of $1.07 billion, up 165.5% year over year, along with raised 2026 expectations and major customer and financing relationships tied to data-center expansion.
• Neutral Sentiment: Analyst debate: Some commentators remain bullish on Bloom’s growth outlook, while others argue that the stock’s rapid advance has outpaced reasonable estimates of intrinsic value. One model cited a $213.16 target, substantially below the recent trading level. Prediction: Bloom Energy Has Limited Upside Despite 223% Year-to-Date Surge
• Negative Sentiment: Securities litigation over China supply-chain disclosures: Multiple law firms are publicizing a shareholder class action alleging that Bloom misrepresented its lack of China-related supply exposure after an investigative report identified Chinese-origin scandium in its supply chain. The September 28 lead-plaintiff deadline keeps the issue in focus and adds legal and reputational risk. BE Shareholder Alert

Wall Street Analyst Weigh In

BE has been the subject of a number of recent research reports. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and reduced their target price for the company from $285.00 to $242.00 in a research report on Thursday, July 30th. Wells Fargo & Company reduced 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 report on Thursday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $335.00 price target on shares of Bloom Energy in a research report on Wednesday, June 10th. Sanford C. Bernstein reissued a "market perform" rating and set a $282.00 target price on shares of Bloom Energy in a research note on Thursday, August 27th. Finally, Oppenheimer restated a "market perform" rating on shares of Bloom Energy in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of "Moderate Buy" and an average price target of $249.18.

Insider Buying and Selling

In other Bloom Energy news, Director Jeffrey Immelt sold 30,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 201,243 shares of the company's stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Aman Joshi sold 8,343 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the sale, the insider owned 163,807 shares in the company, valued at $49,202,708.59. The trade was a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,464 shares of company stock valued at $22,131,255 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Down 2.8%

Shares of NYSE BE opened at $269.42 on Thursday. The stock has a market cap of $79.35 billion, a P/E ratio of 359.23, a PEG ratio of 3.80 and a beta of 3.80. The business's fifty day simple moving average is $225.52 and its 200-day simple moving average is $224.73. Bloom Energy Corporation has a 12-month low of $60.00 and a 12-month high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE - Get Free Report) last posted 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the company earned $0.10 EPS. Bloom Energy'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. As a group, equities analysts predict that Bloom Energy Corporation will post 1.92 EPS for the current fiscal year.

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.

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