NewEdge Advisors LLC Boosts Stock Position in Bloom Energy Corporation $BE

Key Points

• NewEdge Advisors increased its Bloom Energy stake by 45% in the second quarter to 45,509 shares valued at approximately $13.8 million. Institutional investors and hedge funds collectively own 77.04% of the company.
• Bloom Energy’s growth outlook is supported by its addition to the S&P 500, rising AI-related electricity demand, and strong recent results, including $1.07 billion in quarterly revenue and $0.78 EPS.
• Despite a consensus “Moderate Buy” rating, the stock carries significant risk: shares trade at a high valuation, insiders have sold stock to cover tax obligations, and the company faces a securities-fraud lawsuit related to scandium sourcing disclosures.

NewEdge Advisors LLC grew its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 45.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,509 shares of the company's stock after buying an additional 14,113 shares during the period. NewEdge Advisors LLC's holdings in Bloom Energy were worth $13,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. California State Teachers Retirement System lifted its stake in Bloom Energy by 39,637.2% during the second quarter. California State Teachers Retirement System now owns 123,526,724 shares of the company's stock worth $37,391,539,000 after purchasing an additional 123,215,865 shares during the last quarter. Geode Capital Management LLC increased its stake in Bloom Energy by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company's stock valued at $461,272,000 after purchasing an additional 269,662 shares during the last quarter. Brooklands Fund Management Ltd acquired a new stake in Bloom Energy during the fourth quarter worth approximately $347,560,000. Amundi raised its holdings in Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company's stock worth $274,068,000 after purchasing an additional 2,511,426 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Bloom Energy during the 4th quarter worth approximately $239,683,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy News Roundup

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

• Positive Sentiment: S&P 500 inclusion is the main catalyst. S&P Dow Jones Indices confirmed Bloom Energy’s addition to the index, which is expected to generate demand from index-tracking funds and increase the company’s visibility among institutional investors. Bloom Energy Climbs as S&P 500 Addition Spreads Fuel Cell Bid
• Positive Sentiment: AI-related power demand continues to support the growth story. Coverage points to rising electricity needs from hyperscalers, neocloud companies and AI laboratories, with Bloom’s fuel-cell systems offering an alternative where grid capacity is constrained. Recent commentary also highlights a sizable order backlog, customer prepayments and improving gross margins. Bloom Energy Has More Room to Run Amid the AI Supercycle
• Positive Sentiment: Product improvements may accelerate deployments. Bloom’s Power Connect system is reported to have the potential to reduce installation time by more than 40%, which could help the company convert its backlog into revenue more quickly. Bloom Energy’s New Power Connect System
• Neutral Sentiment: Bloom announced a season-long ESPN College Football Campus Tour focused on energy reliability, community engagement and emergency-response support. The initiative may improve brand awareness but is unlikely to materially affect near-term financial results. Bloom Energy ESPN College Football Campus Tour
• Neutral Sentiment: Heavy options activity and reports that Situational Awareness bought BE options are adding attention and potentially short-term trading momentum, but do not establish a change in the company’s fundamentals.
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased Bloom securities from February 27, 2025, through July 8, 2026, with a September 28 lead-plaintiff deadline. Reports cite alleged disclosures involving scandium sourcing and “no China supply chain” representations. The allegations could create legal costs, reputational risk and investor uncertainty, although the claims have not been adjudicated. Kaplan Fox Bloom Energy Class Action Reminder

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 2,837 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total value of $820,205.07. Following the completion of the transaction, the insider owned 207,417 shares in the company, valued at $59,966,328.87. This trade represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,895 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were 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 $30,220,832. This trade represents a 2.19% 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 have sold a total of 89,464 shares of company stock valued at $22,131,255 in the last three months. Insiders own 3.00% of the company's stock.

Bloom Energy Price Performance

Shares of NYSE BE opened at $275.50 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock has a fifty day moving average price of $225.34 and a 200 day moving average price of $225.85. Bloom Energy Corporation has a 1-year low of $61.37 and a 1-year high of $351.28. The company has a market cap of $81.14 billion, a PE ratio of 367.33, a P/E/G ratio of 3.54 and a beta of 3.80.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. Bloom Energy's revenue was up 165.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Roth Capital upped their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, July 1st. Truist Financial reduced their price target on shares of Bloom Energy from $250.00 to $218.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. UBS Group reaffirmed a "buy" rating and set a $325.00 price objective on shares of Bloom Energy in a report on Monday. Jefferies Financial Group lifted their target price on Bloom Energy from $188.00 to $229.00 and gave the stock a "hold" rating in a research report on Friday, August 14th. Finally, Evercore reissued an "outperform" rating on shares of Bloom Energy in a report on Friday, August 7th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat, Bloom Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.18.

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.

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