Engineers Gate Manager LP Has $5.82 Million Stock Holdings in Bloom Energy Corporation $BE

Engineers Gate Manager LP lowered its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 63.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,212 shares of the company's stock after selling 32,803 shares during the quarter. Engineers Gate Manager LP's holdings in Bloom Energy were worth $5,815,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Montanova Capital LLC acquired a new stake in Bloom Energy during the second quarter worth approximately $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 in the last quarter. Militia Capital Management LLC bought a new stake in Bloom Energy during the first quarter worth about $813,000. Norges Bank bought a new stake in Bloom Energy during the fourth quarter worth $239,683,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Bloom Energy by 3,398.3% in the 2nd 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 in the last quarter. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Performance

NYSE:BE opened at $275.50 on Friday. The stock's 50-day moving average is $225.34 and its 200-day moving average is $225.85. Bloom Energy Corporation has a 1-year low of $61.37 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 has a market cap of $81.14 billion, a P/E ratio of 367.33, a price-to-earnings-growth ratio of 3.54 and a beta of 3.80.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. During the same period last year, the company earned $0.10 EPS. The firm's 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. Equities research analysts anticipate that Bloom Energy Corporation will post 1.92 earnings per share for the current year.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: S&P 500 inclusion is the main catalyst. S&P Dow Jones Indices confirmed Bloom Energy’s addition to the index, which is expected to generate demand from index-tracking funds and increase the company’s visibility among institutional investors. Bloom Energy Climbs as S&P 500 Addition Spreads Fuel Cell Bid
• Positive Sentiment: AI-related power demand continues to support the growth story. Coverage points to rising electricity needs from hyperscalers, neocloud companies and AI laboratories, with Bloom’s fuel-cell systems offering an alternative where grid capacity is constrained. Recent commentary also highlights a sizable order backlog, customer prepayments and improving gross margins. Bloom Energy Has More Room to Run Amid the AI Supercycle
• Positive Sentiment: Product improvements may accelerate deployments. Bloom’s Power Connect system is reported to have the potential to reduce installation time by more than 40%, which could help the company convert its backlog into revenue more quickly. Bloom Energy’s New Power Connect System
• Neutral Sentiment: Bloom announced a season-long ESPN College Football Campus Tour focused on energy reliability, community engagement and emergency-response support. The initiative may improve brand awareness but is unlikely to materially affect near-term financial results. Bloom Energy ESPN College Football Campus Tour
• Neutral Sentiment: Heavy options activity and reports that Situational Awareness bought BE options are adding attention and potentially short-term trading momentum, but do not establish a change in the company’s fundamentals.
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased Bloom securities from February 27, 2025, through July 8, 2026, with a September 28 lead-plaintiff deadline. Reports cite alleged disclosures involving scandium sourcing and “no China supply chain” representations. The allegations could create legal costs, reputational risk and investor uncertainty, although the claims have not been adjudicated. Kaplan Fox Bloom Energy Class Action Reminder

Insider Buying and Selling

In other news, Director John T. Chambers sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the transaction, the director owned 208,333 shares in the company, valued at approximately $52,083,250. The trade was a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aman Joshi sold 4,677 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $241.75, for a total transaction of $1,130,664.75. Following the completion of the sale, the insider directly owned 159,130 shares in the company, valued at approximately $38,469,677.50. This represents a 2.86% 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. In the last quarter, insiders have sold 89,464 shares of company stock valued at $22,131,255. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BE shares. Wells Fargo & Company lowered their price target on Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. UBS Group reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Bloom Energy in a research note on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. BMO Capital Markets dropped 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. Finally, Truist Financial dropped their target price on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $249.18.

Bloom Energy Company 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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