Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Bloom Energy Corporation $BE

Key Points

• Mirae Asset Global Investments cut its Bloom Energy stake by 18.2% in the second quarter, selling 77,185 shares and retaining 347,192 shares worth about $105.1 million. Institutional investors collectively own 77.04% of the company.
• Bloom Energy reported strong quarterly results, with revenue up 165.5% year over year to $1.07 billion and EPS of $0.78, exceeding the $0.39 consensus estimate. Its AI data-center partnerships with Nebius and MiTAC are supporting the company’s growth outlook.
• Shares opened at $236.12, down 0.4%, while analysts maintain a “Moderate Buy” consensus and an average price target of $246.18. The stock carries a high valuation, including a P/E ratio above 314, and insiders sold $26 million of shares over the past three months, primarily for tax obligations.

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,192 shares of the company's stock after selling 77,185 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.12% of Bloom Energy worth $105,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. boosted its position in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock valued at $34,000 after buying an additional 37 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock valued at $467,000 after acquiring an additional 38 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after acquiring an additional 46 shares during the last quarter. Blue Trust Inc. increased its position in shares of Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company's stock worth $466,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Bloom Energy Trading Down 0.4%

NYSE:BE opened at $236.12 on Friday. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The business's 50 day moving average is $248.98 and its two-hundred day moving average is $214.75. Bloom Energy Corporation has a 52 week low of $40.56 and a 52 week high of $351.28. The company has a market cap of $69.54 billion, a PE ratio of 314.82, a P/E/G ratio of 3.24 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 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 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 firm earned $0.10 EPS. 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. On average, analysts predict that Bloom Energy Corporation will post 1.93 EPS for the current year.

Bloom Energy News Roundup

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

• Positive Sentiment: AI data-center power partnership boosts growth outlook. Nebius Group selected Bloom’s fuel cells as the behind-the-meter power solution for a flagship AI data center. Analysts highlighted Bloom’s ability to provide “speed to power,” an important advantage as grid interconnection delays constrain AI infrastructure expansion. BE Stock Jumps After NBIS Says Switch To Bloom
• Positive Sentiment: MiTAC expansion reinforces demand for Bloom’s onsite systems. MiTAC Computing Technology expanded its Bloom partnership to include a fuel-cell-powered islanded microgrid at its Fremont AI server manufacturing campus, adding to its existing San Jose installation. The project supports Bloom’s positioning as a rapidly deployable, low-noise power provider for mission-critical AI operations. Scandium Supply Chain Dispute Might Change The Case For Investing In Bloom Energy
• Positive Sentiment: AI-driven earnings expectations remain supportive. Commentary from Zacks, Fool.com and Evercore ISI points to rising power demand from AI data centers as a major long-term opportunity. Bloom’s latest reported quarter also featured revenue growth of 165.5% year over year and earnings well above consensus, strengthening the bullish narrative. Bloom Energy Skyrockets 143% YTD

Insider Activity

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,259 shares of Bloom Energy stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total value of $651,992.58. Following the completion of the transaction, the chief accounting officer owned 79,686 shares of the company's stock, valued at $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the sale, the insider owned 132,265 shares of the company's stock, valued at approximately $38,175,646.95. The trade was a 2.10% decrease in their position. 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 a total of 92,585 shares of company stock valued at $25,996,248 over the last three months. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BE has been the subject of a number of analyst reports. Oppenheimer reissued a "market perform" rating on shares of Bloom Energy in a report on Wednesday, July 29th. Sanford C. Bernstein upped their target price on Bloom Energy from $276.00 to $282.00 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Jefferies Financial Group set a $188.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Finally, Citigroup restated a "hold" rating on shares of Bloom Energy in a research note on Thursday, July 16th. Three investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Bloom Energy presently has an average rating of "Moderate Buy" and a consensus price target of $246.18.

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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