Navellier & Associates Inc. Has $42.63 Million Stock Holdings in Bloom Energy Corporation $BE

Navellier & Associates Inc. increased its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140,850 shares of the company's stock after purchasing an additional 12,125 shares during the quarter. Bloom Energy comprises about 3.4% of Navellier & Associates Inc.'s holdings, making the stock its 3rd largest position. Navellier & Associates Inc.'s holdings in Bloom Energy were worth $42,635,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BE. Archer Investment Corp purchased a new stake in Bloom Energy during the 2nd quarter worth about $337,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Bloom Energy during the 2nd quarter valued at about $423,000. Public Employees Retirement System of Ohio purchased a new position in Bloom Energy during the 2nd quarter valued at about $30,277,000. Ancora Advisors LLC bought a new stake in shares of Bloom Energy during the second quarter valued at about $76,000. Finally, Nicholas Investment Partners LP bought a new stake in shares of Bloom Energy during the second quarter valued at about $207,000. 77.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen restated a "hold" rating and issued a $235.00 price objective on shares of Bloom Energy in a research report on Monday, July 20th. Wells Fargo & Company decreased their target price on shares of Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Truist Financial lowered their target price on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th. BTIG Research reissued a "buy" rating and issued a $295.00 price target on shares of Bloom Energy in a report on Wednesday, July 29th. Finally, Susquehanna boosted their price target on shares of Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.05.

Bloom Energy News Summary

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

• Positive Sentiment: AI data-center demand remains the primary bullish catalyst. Bloom’s solid-oxide fuel cells can provide onsite electricity much faster than traditional grid infrastructure, supporting demand from data centers with urgent power needs. Analysts and bullish investors point to expanding deployments, constructive backlog expectations and the potential for backlog growth beyond the company’s previously reported $20 billion level. Prediction: Bloom Energy's Backlog Will Top $50 Billion Before Year's End
• Positive Sentiment: Power Connect could improve execution and accelerate revenue conversion. Bloom says its factory-integrated system pre-wires and tests equipment before delivery, potentially reducing onsite installation time by more than 40% and making the company’s solutions more attractive for rapidly expanding AI infrastructure projects. Bloom Energy Is Up 7.6% After Launching Power Connect To Speed Data Center Deployments
• Positive Sentiment: Recent fundamentals and comparisons remain supportive. Bloom recently exceeded quarterly EPS and revenue expectations, while coverage has highlighted its stronger AI-power growth outlook relative to FuelCell Energy and other energy-storage competitors. Bloom Energy vs. FuelCell Energy: Which Fuel Cell Stock Has an Edge?

Bloom Energy Trading Down 3.9%

BE stock opened at $209.37 on Friday. The company has a market capitalization of $61.67 billion, a PE ratio of 279.16, a price-to-earnings-growth ratio of 2.98 and a beta of 3.79. 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 one year low of $48.87 and a one year high of $351.28. The company's 50 day moving average price is $235.51 and its two-hundred day moving average price is $219.07.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the firm earned $0.10 EPS. The firm's quarterly revenue 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. As a group, analysts predict that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 2,895 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the completion of the sale, the insider owned 129,370 shares of the company's stock, valued at approximately $30,220,832. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey R. Immelt sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the transaction, the director owned 201,243 shares in the company, valued at $48,078,965.13. This represents a 12.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,464 shares of company stock worth $22,131,255 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Company 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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