Bloom Energy Corporation $BE Stock Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Bloom Energy stake by 34.8% to 323,295 shares, while other institutions also added positions. Institutional investors and hedge funds own approximately 77% of the company.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $260.05. Recent targets reflect optimism about Bloom Energy’s fuel-cell technology and potential demand from AI data centers.
• Bloom reported strong quarterly results, including $1.07 billion in revenue, up 165.5% year over year, and EPS of $0.78 versus a $0.39 estimate. However, the stock’s high valuation, recent 6.2% decline, elevated pullback risk, and insider selling remain concerns.

Assenagon Asset Management S.A. boosted its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 34.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,295 shares of the company's stock after purchasing an additional 83,418 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Bloom Energy worth $89,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BE. Montanova Capital LLC bought a new position in shares of Bloom Energy during the second quarter valued at $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Bloom Energy by 78.3% in 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 during the period. Militia Capital Management LLC acquired a new stake in Bloom Energy in the first quarter valued at $813,000. Zweig DiMenna Associates LLC acquired a new stake in Bloom Energy in the first quarter valued at $8,468,000. Finally, Sei Investments Co. raised its position in Bloom Energy by 28.7% during the 1st quarter. Sei Investments Co. now owns 365,975 shares of the company's stock worth $49,586,000 after purchasing an additional 81,584 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BE shares. Clear Str upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Roth Capital restated a "neutral" rating and set a $260.00 price objective on shares of Bloom Energy in a research report on Tuesday. BTIG Research reaffirmed a "buy" rating and issued a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Jefferies Financial Group upped their price objective on shares of Bloom Energy from $229.00 to $264.00 and gave the company a "hold" rating in a research note on Tuesday, September 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $335.00 price objective on shares of Bloom Energy in a research report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $260.05.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Robert W. Baird raised its price target for Bloom Energy (BE) to $351 from $310 and maintained an “outperform” rating, signaling substantial potential upside if the company delivers on its AI-power growth opportunity. Benzinga report on Bloom Energy analyst activity
• Positive Sentiment: Truist lifted its price target to $240 from $218, although it retained a “hold” rating. Morgan Stanley also initiated or reiterated a “buy” view, providing additional institutional support. Morgan Stanley gives Bloom Energy a buy rating
• Positive Sentiment: Coverage continues to highlight Bloom’s solid-oxide fuel cells as a potential solution to electricity bottlenecks at AI data centers. The company’s Oracle-related AI-campus opportunity and projected 2026 revenue of $3.9 billion to $4.2 billion support the longer-term growth narrative. Bloom Energy Oracle AI campus coverage
• Neutral Sentiment: Bloom Energy’s $10,000 donations to firefighter and public-safety organizations in Texas and Florida enhance its community profile but are not expected to materially affect financial results or the stock. Bloom Energy supports Central Texas first responders
• Negative Sentiment: The recent AI-power rally is unwinding as investors question whether data-center construction and electricity demand can justify the sector’s valuations. Bloom has risen sharply this year, increasing profit-taking and pullback risk. Barron’s analysis of Bloom Energy’s decline
• Negative Sentiment: Bloom trades at a very demanding valuation, while coverage ahead of earnings says the company may lack the usual indicators associated with a likely earnings beat. Investors are focused on backlog, guidance and whether strong prior revenue growth can continue. Zacks earnings preview for Bloom Energy

Insider Activity

In related news, Director Jeffrey Immelt sold 30,000 shares of Bloom Energy stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares of the company's stock, valued at approximately $48,078,965.13. This trade represents a 12.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 2,870 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider owned 202,494 shares in the company, valued at $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is owned by company insiders.

Bloom Energy Stock Down 6.2%

BE opened at $221.61 on Friday. Bloom Energy Corporation has a twelve month low of $75.70 and a twelve month high of $351.28. The company's 50-day moving average price is $249.30 and its two-hundred day moving average price is $246.10. The stock has a market cap of $65.27 billion, a price-to-earnings ratio of 207.28, a PEG ratio of 3.04 and a beta of 3.77. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the business posted $0.10 EPS. Bloom Energy's quarterly revenue 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 expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

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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