Public Employees Retirement System of Ohio Purchases Shares of 100,024 Bloom Energy Corporation $BE

Key Points

• Ohio’s public employees’ retirement system bought 100,024 Bloom Energy shares worth approximately $30.3 million in the second quarter. Institutional investors collectively own 77.04% of the company.
• Bloom Energy reported quarterly EPS of $0.78, beating estimates by $0.39, while revenue reached $1.07 billion, up 165.5% year over year and above analyst expectations.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and a $248.05 target price, although recent targets ranged from $227 to $314. Insiders have sold 89,464 shares worth $22.1 million over the past 90 days.

Public Employees Retirement System of Ohio purchased a new position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,024 shares of the company's stock, valued at approximately $30,277,000.

A number of other institutional investors also recently made changes to their positions in BE. MJT & Associates Financial Advisory Group Inc. lifted its stake in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after purchasing an additional 37 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock worth $467,000 after buying an additional 38 shares during the period. Carolina Wealth Advisors LLC lifted its stake in shares of Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after acquiring an additional 46 shares during the last quarter. Blue Trust Inc. boosted its holdings in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after acquiring an additional 51 shares during the period. Finally, HB Wealth Management LLC grew its position in Bloom Energy by 1.6% during the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company's stock worth $466,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Performance

Shares of BE stock opened at $209.37 on Friday. 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 is $235.51 and its 200 day moving average is $219.07. The company has a market capitalization of $61.67 billion, a price-to-earnings 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 (NYSE:BE - Get Free Report) last released 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. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $826.13 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm's quarterly 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. Sell-side analysts expect that Bloom Energy Corporation will post 1.92 EPS for the current fiscal year.

Insider Activity

In related news, Director John T. Chambers sold 15,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the sale, the director directly owned 208,333 shares of the company's stock, valued at $52,083,250. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Satish Chitoori sold 2,837 shares of Bloom Energy stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total value of $820,205.07. Following the completion of the sale, the insider owned 207,417 shares of the company's stock, valued at $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 89,464 shares of company stock valued at $22,131,255. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BE. TD Cowen restated a "hold" rating and issued a $235.00 target price on shares of Bloom Energy in a report on Monday, July 20th. Barclays increased their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 23rd. Robert W. Baird reiterated an "outperform" rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on shares of Bloom Energy from $346.00 to $314.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Finally, BMO Capital Markets decreased their price objective on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating for the company in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.05.

Trending Headlines about Bloom Energy

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?

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.

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