Envestnet Asset Management Inc. Sells 17,244 Shares of Bloom Energy Corporation $BE

Key Points

• Envestnet Asset Management reduced its Bloom Energy stake by 9.5%, selling 17,244 shares and retaining 163,583 shares valued at approximately $49.5 million. Institutional investors and hedge funds collectively own 77.04% of the company.
• Analysts maintain a generally positive outlook, with Bloom Energy receiving a “Moderate Buy” consensus rating and an average price target of $254.14; ratings include three Strong Buys, ten Buys, twelve Holds and one Sell.
• Bloom reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78 versus the $0.39 estimate. Growth is supported by AI data-center power demand and a reported $20 billion backlog, though project delays and a securities class-action lawsuit remain risks.

Envestnet Asset Management Inc. lessened its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 9.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 163,583 shares of the company's stock after selling 17,244 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Bloom Energy worth $49,517,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in Bloom Energy in the second quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. boosted its position in shares of Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after acquiring an additional 37 shares in the last quarter. Markowski Investments acquired a new position in shares of Bloom Energy during the 2nd quarter worth about $37,000. Bogart Wealth LLC increased its holdings in shares of Bloom Energy by 725.0% in the 2nd quarter. Bogart Wealth LLC now owns 132 shares of the company's stock valued at $40,000 after acquiring an additional 116 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after acquiring an additional 46 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BE has been the topic of several research analyst reports. Evercore reissued an "outperform" rating on shares of Bloom Energy in a research report on Friday, August 7th. Barclays increased their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein reissued a "market perform" rating and set a $282.00 price objective on shares of Bloom Energy in a report on Thursday, August 27th. Zacks Research upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group upped their target price on shares of Bloom Energy from $188.00 to $229.00 and gave the company a "hold" rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Bloom Energy has an average rating of "Moderate Buy" and an average price target of $254.14.

Bloom Energy News Roundup

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

• Positive Sentiment: Oracle maintains its Bloom Energy commitment. Oracle reportedly continues to stand behind a contract for approximately 2.4 gigawatts of Bloom fuel-cell systems, within a broader agreement covering up to 2.8 gigawatts. The confirmation eased concerns that Oracle’s force majeure notice could lead to cancellation of Bloom’s largest deployment. Oracle reaffirms Bloom fuel-cell contract
• Positive Sentiment: AI power demand continues to support Bloom’s growth narrative. Analysts and market commentary highlight Bloom’s role in providing rapid, behind-the-meter power for data centers amid a projected U.S. AI electricity shortfall. The company has reported an approximately $20 billion backlog and plans to double Fremont production capacity to 2 gigawatts by the end of 2026. Bloom backlog and production expansion
• Neutral Sentiment: The Oracle project remains delayed but has not been canceled. A natural-gas pipeline and regulatory delays affecting Oracle’s Project Jupiter could postpone Bloom’s revenue, cash flow and profits. However, Oracle says the project remains on schedule for its planned completion, and Bloom’s backlog is diversified across multiple customers. Oracle force majeure and AI infrastructure risks
• Neutral Sentiment: Bloom also publicized a $10,000 donation to support first responders in State College, Pennsylvania. The announcement may improve community visibility but is unlikely to materially affect financial results. Bloom supports State College first responders
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit covers investors who purchased Bloom securities between February 27, 2025, and July 8, 2026, with a September 28 lead-plaintiff deadline. Allegations reportedly include misleading statements about the company’s China-related supply chain. The legal action adds reputational, financial and disclosure risk, though the allegations have not been proven. Bloom Energy securities class action

Insider Activity at Bloom Energy

In related news, insider Shawn Soderberg sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares of the company's stock, valued at $34,163,855. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 3,601 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $269.94, for a total transaction of $972,053.94. Following the completion of the transaction, the insider owned 155,529 shares in the company, valued at approximately $41,983,498.26. This trade represents a 2.26% 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. Insiders sold 89,604 shares of company stock worth $21,948,262 in the last ninety days. Company insiders own 3.00% of the company's stock.

Bloom Energy Trading Up 0.1%

NYSE:BE opened at $288.87 on Monday. The company has a market capitalization of $85.08 billion, a PE ratio of 385.15, a P/E/G ratio of 3.69 and a beta of 3.80. Bloom Energy Corporation has a 52-week low of $66.62 and a 52-week high of $351.28. The stock's 50 day moving average price is $230.54 and its 200 day moving average price is $234.21. 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 data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm's revenue for the quarter was up 165.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post 2.06 EPS for the current year.

About Bloom Energy

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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