Bloom Energy Corporation $BE Stock Bought by Elemental Capital Partners LLC

Key Points

• Elemental Capital Partners increased its Bloom Energy stake by 2.5% in the third quarter to 1.04 million shares, making Bloom its largest portfolio holding at 69.4% of assets. Institutional investors collectively own 77.04% of Bloom’s outstanding stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $257.18, although one firm downgraded the stock to “Hold.” Bloom’s latest quarterly results exceeded expectations, including $0.78 EPS versus $0.39 expected and 165.5% year-over-year revenue growth.
• Bloom’s shares remain highly valued and volatile, trading near $238.80 with a P/E ratio of 318.40 and a beta of 3.77. Investors are weighing potential data-center power demand and Project Jupiter support against elevated interest-rate risks, high growth expectations, and recent insider selling.

Elemental Capital Partners LLC lifted its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,039,031 shares of the company's stock after buying an additional 25,625 shares during the period. Bloom Energy makes up about 69.4% of Elemental Capital Partners LLC's investment portfolio, making the stock its largest holding. Elemental Capital Partners LLC owned about 0.35% of Bloom Energy worth $287,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BE. Jennison Associates LLC grew its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock valued at $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company's stock worth $299,688,000 after acquiring an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 acquiring an additional 583,135 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bloom Energy in the second quarter valued at approximately $296,413,000. Finally, Polar Capital Holdings Plc bought a new position in shares of Bloom Energy in the fourth quarter valued at approximately $76,234,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price objective on Bloom Energy from $276.00 to $308.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 1st. Mizuho raised their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an "outperform" rating in a report on Monday, September 14th. Zacks Research lowered Bloom Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Evercore reissued an "outperform" rating on shares of Bloom Energy in a research note on Friday, August 7th. Finally, Robert W. Baird reissued an "outperform" rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.18.

Key Bloom Energy News

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

• Positive Sentiment: Oracle support for Project Jupiter: Oracle reaffirmed Bloom Energy’s role in Project Jupiter, strengthening the case that Bloom could benefit from rising demand for on-site power infrastructure for data centers. Roth Capital raised its price target to $260 from $225, citing improving market acceptance ahead of Bloom’s third-quarter results. BE Stock Rises Overnight After Oracle Reaffirms Project Jupiter Role
• Positive Sentiment: Potential undervaluation based on future cash flow: One analysis argues Bloom may be about 34% undervalued following the Jersey Patch deal, provided the company can convert its expected growth into sustained cash generation. Bloom Energy Stock May Be 34% Undervalued After Jersey Patch Deal
• Neutral Sentiment: Growth expectations remain central: Commentary focused on whether Bloom can scale profits fast enough to justify its premium valuation. Shares trade at roughly 177.5 times adjusted trailing earnings in one analysis, while the company’s reported valuation metrics also reflect exceptionally high growth expectations. What Are Bloom Energy Investors Betting On?
• Negative Sentiment: Oil and inflation concerns pressured the stock: Crude oil’s rise and a hotter inflation reading revived fears that U.S. interest rates will remain elevated. Higher rates typically weigh on high-growth, capital-intensive data-center infrastructure companies such as Bloom Energy. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes

Bloom Energy Stock Performance

Shares of BE stock opened at $238.80 on Thursday. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 318.40, a P/E/G ratio of 3.39 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 company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The stock's fifty day simple moving average is $249.11 and its 200-day simple moving average is $245.54.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 35.45% and a net margin of 7.87%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the prior year, the business earned $0.10 EPS. The business'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. On average, sell-side analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the company'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 transaction, the insider directly owned 202,494 shares of the company's stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is currently owned by company insiders.

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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