M&T Bank Corp Trims Stock Holdings in Bloom Energy Corporation $BE

Key Points

• M&T Bank Corp cut its stake in Bloom Energy by 79.9% in Q4, selling 56,038 shares and leaving 14,083 shares valued at $1.224 million.
• Record Q1 results: Bloom Energy reported $751.05M revenue (up 130% YoY) and $0.44 EPS, beat estimates and raised FY2026 guidance to $1.85–$2.25, fueling a ~27% intraday surge and analyst upgrades.
• Institutional and insider moves were notable: Goldman Sachs increased its stake to 2,498,840 shares (+50.3%), hedge funds own 77.04% of the stock, while insiders sold 455,092 shares (~$78.6M) in the last 90 days.

M&T Bank Corp decreased its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 79.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,083 shares of the company's stock after selling 56,038 shares during the period. M&T Bank Corp's holdings in Bloom Energy were worth $1,224,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new position in Bloom Energy during the first quarter valued at approximately $2,055,000. AQR Capital Management LLC purchased a new position in Bloom Energy during the first quarter valued at approximately $1,820,000. NewEdge Advisors LLC grew its stake in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company's stock valued at $49,127,000 after acquiring an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company's stock valued at $394,000 after acquiring an additional 4,716 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BE. Wall Street Zen cut shares of Bloom Energy from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Evercore reaffirmed an "outperform" rating and set a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. Jefferies Financial Group raised shares of Bloom Energy from an "underperform" rating to a "hold" rating and set a $187.00 price objective for the company in a research note on Tuesday, April 14th. BMO Capital Markets boosted their price objective on shares of Bloom Energy to $149.00 and gave the company a "market perform" rating in a research note on Friday, February 6th. Finally, Roth Mkm set a $225.00 price objective on shares of Bloom Energy in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $194.95.

Bloom Energy Trading Up 27.0%

Shares of Bloom Energy stock opened at $287.41 on Thursday. Bloom Energy Corporation has a 1 year low of $16.05 and a 1 year high of $290.50. The firm has a market cap of $80.63 billion, a PE ratio of -756.34, a PEG ratio of 9.42 and a beta of 3.18. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company has a 50 day simple moving average of $169.78 and a two-hundred day simple moving average of $137.02.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.35. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $751.05 million during the quarter, compared to analyst estimates of $531.29 million. During the same period in the previous year, the business posted $0.03 earnings per share. Bloom Energy's revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Analysts expect that Bloom Energy Corporation will post 1 earnings per share for the current fiscal year.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Maciej Kurzymski sold 7,800 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the completion of the sale, the insider directly owned 84,294 shares in the company, valued at $12,800,043.90. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $225.13, for a total transaction of $5,628,250.00. Following the completion of the sale, the insider owned 140,732 shares of the company's stock, valued at approximately $31,682,995.16. The trade was a 15.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 455,092 shares of company stock valued at $78,564,475. Company insiders own 3.00% of the company's stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Record Q1 results and much stronger guidance — Bloom reported $751.1M revenue (up 130% YoY) and $0.44 adj. EPS, beat estimates, posted positive operating profit, and raised FY26 revenue and EPS guidance materially; this is the primary catalyst lifting the stock. Business Wire: Bloom Energy Reports Record First Quarter 2026 Results
• Positive Sentiment: AI/data-center demand and strategic partnerships — Management highlighted surging data‑center demand and announced a data‑center partnership with Oracle, which investors view as durable, high‑margin recurring demand that helps justify higher multiples. Schaeffers: How Options Traders Are Playing the Bloom Energy Stock Melt-Up
• Positive Sentiment: Broker upgrades and higher price targets — Several firms bumped targets/ratings after the print (BTIG to $295 buy; RBC to $335 outperform), reinforcing buy-side momentum and coverage flows. Benzinga: Analyst Price Target Moves
• Neutral Sentiment: Heavy options and momentum trading — Elevated options activity and technical commentary (Murrey Math) are amplifying intraday moves; this can magnify volatility without changing fundamentals. Invezz: Murrey Math Lines Suggest Rally
• Negative Sentiment: Valuation and upside/downside divergence among analysts — Despite upgrades, some updated targets (JPMorgan $267, TD Cowen $235, Wells Fargo $217) still sit below the intraday price, and Seeking Alpha flags extreme forward multiples, leaving the stock vulnerable if growth or margins disappoint. Seeking Alpha: Revenue Explosion Is Impressive but Valuation Stretched

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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