Nations Financial Group Inc. IA ADV Increases Holdings in Bloom Energy Corporation $BE

Key Points

• Nations Financial Group increased its Bloom Energy stake by 239.9% in the second quarter, bringing its holdings to 8,857 shares valued at $2.68 million. 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, exceeding analysts’ $0.39 estimate.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $246.18, while insiders sold shares primarily to cover tax obligations related to vested equity awards.

Nations Financial Group Inc. IA ADV raised its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 239.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,857 shares of the company's stock after purchasing an additional 6,251 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Bloom Energy were worth $2,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new position in shares of Bloom Energy in the second quarter worth $350,000. ABN Amro Investment Solutions increased its position in Bloom Energy by 52.2% during the second quarter. ABN Amro Investment Solutions now owns 19,034 shares of the company's stock worth $5,762,000 after purchasing an additional 6,526 shares during the last quarter. VMS Asset Management Limited purchased a new position in shares of Bloom Energy in the 2nd quarter worth $8,176,000. Apollon Wealth Management LLC raised its holdings in shares of Bloom Energy by 1,334.0% in the 2nd quarter. Apollon Wealth Management LLC now owns 52,529 shares of the company's stock worth $15,901,000 after purchasing an additional 48,866 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in Bloom Energy by 241.1% during the second quarter. SBI Securities Co. Ltd. now owns 32,418 shares of the company's stock valued at $9,813,000 after buying an additional 22,914 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 2,837 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares of the company's stock, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 company's stock in a transaction dated 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 directly owned 132,265 shares of the company's stock, valued at $38,175,646.95. This represents a 2.10% 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 92,585 shares of company stock valued at $25,996,248 over the last ninety days. Company insiders own 3.00% of the company's stock.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $236.12 on Friday. The stock has a fifty day moving average price of $248.98 and a two-hundred day moving average price of $214.75. The firm has a market cap of $69.54 billion, a P/E ratio of 314.82, a PEG ratio of 3.24 and a beta of 3.79. Bloom Energy Corporation has a 1 year low of $40.56 and a 1 year high of $351.28. 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 (NYSE:BE - Get Free Report) last issued its quarterly 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 firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $826.13 million. During the same period in the previous year, the business earned $0.10 earnings per share. Bloom Energy's revenue for the quarter 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. Research analysts forecast that Bloom Energy Corporation will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada restated an "outperform" rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Wednesday, June 10th. Jefferies Financial Group set a $188.00 price objective on shares of Bloom Energy in a report on Wednesday, July 29th. Barclays upped their price target on Bloom Energy from $254.00 to $276.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. Morgan Stanley reiterated an "overweight" rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Finally, TD Cowen reiterated a "hold" rating and issued a $235.00 target price on shares of Bloom Energy in a research note on Monday, July 20th. Three 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $246.18.

Key Stories Impacting Bloom Energy

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

About Bloom Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source