Herbst Group LLC Buys Shares of 7,600 Bloom Energy Corporation $BE

Key Points

• Herbst Group LLC acquired 7,600 Bloom Energy shares worth approximately $2.3 million, while institutional investors collectively own 77.04% of the company.
• Bloom Energy reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78, surpassing estimates of $0.39.
• The company is benefiting from AI-related power demand and an expanded MiTAC partnership, but faces significant risks from securities litigation and recent insider selling. Analysts maintain a “Moderate Buy” consensus with a $246.18 average price target.

Herbst Group LLC purchased a new position in Bloom Energy Corporation (NYSE:BE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,600 shares of the company's stock, valued at approximately $2,301,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Fortem Financial Group LLC purchased a new position in shares of Bloom Energy during the 4th quarter valued at about $369,000. Strs Ohio boosted its stake in Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company's stock worth $3,580,000 after buying an additional 8,200 shares in the last quarter. Norges Bank purchased a new stake in Bloom Energy in the fourth quarter worth approximately $239,683,000. Militia Capital Management LLC bought a new position in Bloom Energy during the first quarter valued at approximately $813,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Bloom Energy during the first quarter worth approximately $8,468,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy expanded its partnership with MiTAC Computing Technology to deploy fuel-cell systems for an islanded microgrid supporting AI infrastructure. The agreement reinforces the company’s position in the growing market for onsite power for data centers, though financial terms were not disclosed. Bloom Energy and MiTAC expanded partnership
• Positive Sentiment: BE was added to Zacks’ Rank #1 “Strong Buy” growth-stock list, offering some support for the bullish AI power-demand thesis. Zacks growth stocks list
• Neutral Sentiment: Bloom Energy is reportedly considering a Fremont manufacturing expansion that could create hundreds of jobs, potentially increasing production capacity but also requiring additional investment. Bloom Energy Fremont expansion
• Negative Sentiment: Several law firms reminded investors of a securities class action covering purchases from February 27, 2025, through July 8, 2026. The lawsuit alleges Bloom misled investors by claiming it had no China supply chain while allegedly obtaining scandium through intermediaries connected to China. Investors have until September 28, 2026, to seek lead-plaintiff status. The allegations are unproven, but the litigation adds legal costs, reputational risk and uncertainty—likely the main reason shares have decreased recently. Bloom Energy securities class action allegations

Analyst Ratings Changes

A number of brokerages have recently weighed in on BE. Truist Financial lowered their price objective 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. Barclays increased their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the company an "equal weight" rating in a report on Tuesday, June 23rd. Oppenheimer reiterated a "market perform" rating on shares of Bloom Energy in a research report on Wednesday, July 29th. Mizuho raised shares of Bloom Energy from a "neutral" rating to an "outperform" rating and lowered their price target for the stock from $285.00 to $242.00 in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bloom Energy from $346.00 to $314.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Three equities research 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 data from MarketBeat, Bloom Energy has an average rating of "Moderate Buy" and a consensus price target of $246.18.

Bloom Energy Stock Performance

Shares of BE stock opened at $220.18 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy Corporation has a fifty-two week low of $36.47 and a fifty-two week high of $351.28. The stock has a 50 day moving average price of $254.14 and a two-hundred day moving average price of $212.61. The company has a market capitalization of $64.85 billion, a P/E ratio of 293.57, a PEG ratio of 3.00 and a beta of 3.79.

Bloom Energy (NYSE:BE - Get Free Report) last issued its 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 firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $826.13 million. During the same quarter last year, the business earned $0.10 earnings per share. The business's revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Analysts expect that Bloom Energy Corporation will post 1.93 earnings per share for the current year.

Insiders Place Their Bets

In other Bloom Energy news, Director John T. Chambers sold 15,000 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $205.58, for a total value of $3,083,700.00. Following the sale, the director owned 223,333 shares of the company's stock, valued at $45,912,798.14. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aman Joshi sold 8,343 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares in the company, valued at $49,202,708.59. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 108,617 shares of company stock worth $30,648,609. 3.00% of the stock is currently owned by insiders.

Bloom Energy Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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