Rakuten Investment Management Inc. Buys New Shares in Bloom Energy Corporation $BE

Rakuten Investment Management Inc. acquired a new position in Bloom Energy Corporation (NYSE:BE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,284 shares of the company's stock, valued at approximately $14,936,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Provenance Wealth Advisors LLC boosted its stake in Bloom Energy by 5.2% in the third quarter. Provenance Wealth Advisors LLC now owns 1,052 shares of the company's stock valued at $291,000 after acquiring an additional 52 shares during the period. Putney Financial Group LLC acquired a new position in Bloom Energy during the 3rd quarter valued at about $46,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $10,027,000. IPG Investment Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at $314,000. Finally, Torray Investment Partners LLC boosted its position in shares of Bloom Energy by 9.8% during the 3rd quarter. Torray Investment Partners LLC now owns 57,702 shares of the company's stock valued at $15,982,000 after purchasing an additional 5,137 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

More Bloom Energy News

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

• Positive Sentiment: Bloom reported Q3 revenue of $1.24 billion, up 138% year over year, and EPS of $0.94, beating estimates. It has raised its 2026 revenue outlook three times to $4.4–$4.6 billion; Q4 guidance calls for $1.35–$1.55 billion. Bloom Energy's New Guidance
• Positive Sentiment: Bloom and California Resources signed a non-binding MOU to evaluate at least 1 gigawatt of fuel-cell power paired with carbon capture in California. The potential utility, data-center and industrial applications add to Bloom’s opportunity, though the agreement is not yet a firm order. California Resources collaboration announcement
• Positive Sentiment: Barclays upgraded BE to Overweight, citing demand for on-site power as AI data centers face grid constraints. Its $289 target was lowered from $316 but remains supportive of the long-term demand story. Bloom Energy Stock Upgrade
• Neutral Sentiment: Director John Chambers sold 8,828 shares, worth about $1.8 million, but retained 199,505 shares after the sale. Insider transaction report
• Negative Sentiment: A Seeking Alpha analyst downgraded Bloom to Hold with a $176 target, citing negative AI-sector sentiment and uncertainty about further margin expansion despite the strong quarter. Other coverage also flagged working-capital demands on cash flow. The shares’ sharp prior run-up and elevated valuation may heighten sensitivity to delays converting backlog and proposed projects into revenue. Bloom Energy downgrade analysis

Bloom Energy Trading Down 6.7%

Shares of Bloom Energy stock opened at $199.62 on Thursday. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The business has a fifty day simple moving average of $247.91 and a two-hundred day simple moving average of $220.78. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The company has a market capitalization of $59.02 billion, a price-to-earnings ratio of 122.47, a P/E/G ratio of 2.16 and a beta of 3.63.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the firm earned $0.15 earnings per share. The business's revenue for the quarter was up 138.1% on a year-over-year basis. Research analysts forecast that Bloom Energy Corporation will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

BE has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a "hold" rating and set a $242.00 price target on shares of Bloom Energy in a report on Friday, October 23rd. Wells Fargo & Company upped their price target on Bloom Energy from $176.00 to $182.00 and gave the stock an "equal weight" rating in a research note on Monday, October 26th. Truist Financial boosted their target price on shares of Bloom Energy from $218.00 to $240.00 and gave the stock a "hold" rating in a research report on Friday, October 16th. Morgan Stanley raised their price objective on shares of Bloom Energy from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Finally, Zacks Research lowered shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Bloom Energy currently has a consensus rating of "Hold" and a consensus target price of $263.05.

Insider Activity

In other Bloom Energy news, insider Shawn Soderberg sold 2,895 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the transaction, the insider directly owned 129,370 shares of the company's stock, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of Bloom Energy stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the sale, the insider owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 83,526 shares of company stock valued at $20,492,938. Corporate insiders own 3.00% of the company's stock.

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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