Bloom Energy Corporation $BE Shares Sold by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates reduced its Bloom Energy stake by 4.1% in the third quarter, selling 7,267 shares and retaining 168,039 shares worth approximately $46.5 million. Institutional investors collectively own 77.04% of the company.
• Bloom Energy is benefiting from demand for on-site power at AI and cloud data centers, with Oracle and Google projects, a growing backlog, and improving cash flow supporting its growth outlook. Analysts expect substantial third-quarter revenue and earnings growth.
• The stock remains volatile and highly valued, trading near $222.62 with a price-to-earnings ratio of about 297. Wall Street’s consensus rating is “Moderate Buy,” but investors are focused on backlog growth, margins, profitability, and execution to justify the premium valuation.

Pinnacle Associates Ltd. decreased its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 4.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,039 shares of the company's stock after selling 7,267 shares during the period. Pinnacle Associates Ltd. owned about 0.06% of Bloom Energy worth $46,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BE. Montanova Capital LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter worth $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Bloom Energy by 78.3% during 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 valued at $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Militia Capital Management LLC purchased a new position in Bloom Energy in the first quarter valued at about $813,000. Assenagon Asset Management S.A. grew its stake in Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company's stock valued at $72,611,000 after purchasing an additional 233,020 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in Bloom Energy in the first quarter valued at about $8,468,000. Institutional investors 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: Bloom Energy’s solid oxide fuel-cell business is benefiting from strong demand for on-site power at AI and cloud data centers. Projects involving Oracle and Google, along with a growing backlog and improving free cash flow, support the long-term growth story. Is AI Data Center Deals Altering The Investment Case For Bloom Energy Stock?
• Positive Sentiment: Analysts anticipate significant third-quarter growth, with consensus estimates calling for revenue of approximately $1.06 billion—roughly double the prior-year period—and adjusted earnings per share of about $0.70, versus $0.15 a year earlier. BE Stock Jumps Premarket Into Earnings Week
• Neutral Sentiment: Bloom Energy is among the AI-related companies reporting this week, keeping the stock in focus as investors evaluate whether AI infrastructure spending is translating into near-term revenue and earnings. META Earnings & 2 Other AI-Related Reports to Watch This Week
• Neutral Sentiment: Investors are looking beyond revenue and EPS to metrics such as backlog, margins, cash flow, and operating execution. These indicators could determine whether the company’s data-center expansion is sustainable. Exploring Analyst Estimates for Bloom Energy Q3 Earnings
• Negative Sentiment: The stock has slumped from earlier highs and recently reached its lowest level since early September, reflecting heightened volatility and investor caution before earnings. Bloom Energy Stock Braces for Volatility as Q3 Earnings Loom
• Negative Sentiment: Bloom Energy’s premium valuation leaves limited room for disappointment. Even strong results may not support the stock unless management delivers on data-center contracts, backlog growth, profitability, and its outlook. Bloom Energy Q3 Earnings on Deck

Wall Street Analyst Weigh In

A number of brokerages have commented on BE. BMO Capital Markets reduced their target price on shares of Bloom Energy from $279.00 to $227.00 and set a "market perform" rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group raised their price target on shares of Bloom Energy from $229.00 to $264.00 and gave the company a "hold" rating in a report on Tuesday, September 29th. Mizuho raised their price target on shares of Bloom Energy from $242.00 to $351.00 and gave the company an "outperform" rating in a report on Monday, September 14th. 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, 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.05.

Bloom Energy Stock Down 1.6%

Bloom Energy stock opened at $222.62 on Wednesday. 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 $65.57 billion, a price-to-earnings ratio of 296.83, a PEG ratio of 2.92 and a beta of 3.77. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28. The business has a fifty day moving average price of $249.83 and a 200-day moving average price of $248.26.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. During the same period in the previous year, the business earned $0.10 EPS. The firm's revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities research analysts forecast that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Soderberg sold 2,870 shares of the firm's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total value of $775,100.90. Following the completion of the sale, the insider owned 126,500 shares of the company's stock, valued at approximately $34,163,855. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the business's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 in the last 90 days. 3.00% of the stock is owned by insiders.

About Bloom Energy

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.

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