Shah Wealth Advisors LLC Takes Position in Bloom Energy Corporation $BE

Key Points

• Shah Wealth Advisors initiated a roughly $4.84 million position in Bloom Energy during the second quarter, while institutional investors collectively own 77.04% of the company.
• Bloom Energy reported strong quarterly results, with revenue up 165.5% year over year to $1.07 billion and EPS of $0.78, beating estimates of $0.39. Analysts maintain a consensus “Moderate Buy” rating with a $248.05 average price target.
• The stock is benefiting from optimism about supplying power to AI data centers and possible S&P 500 inclusion, though its high valuation, insider selling, and a reported securities lawsuit regarding tariffs and Chinese export controls present risks.

Shah Wealth Advisors LLC purchased a new position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,992 shares of the company's stock, valued at approximately $4,841,000. Bloom Energy accounts for about 1.1% of Shah Wealth Advisors LLC's investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. grew its stake in Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after buying an additional 37 shares during the last quarter. Compound Planning Inc. lifted its stake in Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company's stock valued at $467,000 after buying an additional 38 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Bloom Energy by 51.7% during the second 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 period. Blue Trust Inc. boosted its holdings in shares of Bloom Energy by 37.2% during the first 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, Odyssean LLC grew its position in shares of Bloom Energy by 1.8% during the second quarter. Odyssean LLC now owns 2,926 shares of the company's stock worth $886,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 77.04% of the company's stock.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 2,053 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $241.64, for a total value of $496,086.92. Following the completion of the transaction, the insider directly owned 205,364 shares in the company, valued at $49,624,156.96. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 4,677 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $241.75, for a total transaction of $1,130,664.75. Following the transaction, the insider owned 159,130 shares in the company, valued at $38,469,677.50. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 89,464 shares of company stock worth $22,131,255. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

BE has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of Bloom Energy from $279.00 to $227.00 and set a "market perform" rating on the stock in a report on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of Bloom Energy from $217.00 to $176.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $285.00 to $242.00 in a research note on Thursday, July 30th. Finally, Wall Street Zen cut Bloom Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Three equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.05.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy is viewed as a leading candidate for inclusion in the S&P 500 during the index’s upcoming quarterly rebalancing. Investors are positioning ahead of a potential announcement after Friday’s close, with any changes expected to take effect around September 21. Inclusion could generate demand from index-tracking funds and increase the company’s visibility. Bloom Energy, Astera Rally On Hopes They Will Join S&P Friday; Who Else Could Be Added
• Positive Sentiment: Analysts and market commentators continue to highlight Bloom’s opportunity to supply electricity directly to AI data centers, which face grid-connection delays and rising power requirements. Recent commentary argues that Bloom’s behind-the-meter and distributed-generation systems may support strong revenue growth through year-end. I'm Calling It: Bloom Energy's Revenue Guidance Will Keep Surprising Wall Street Through Year-End
• Positive Sentiment: The broader risk-on environment is supporting high-beta energy and fuel-cell shares, while Bloom is receiving particular attention because of its perceived exposure to AI-related power demand. Earlier quarterly results also showed substantial revenue growth and an earnings beat, reinforcing the bullish narrative.
• Neutral Sentiment: Vertiv’s planned acquisition of microgrid specialist UtilityInnovation Group underscores the growing importance of solving power bottlenecks for AI data centers. The transaction does not directly involve Bloom, but it may validate the market opportunity for distributed power and microgrid providers. Vertiv’s UIG Deal Targets the Next Big Constraint in AI Data Centers
• Negative Sentiment: Several law firms are soliciting investors regarding a securities class-action lawsuit covering purchases from February 27, 2025, through July 8, 2026. The lawsuit reportedly alleges Bloom understated its exposure to Chinese export controls and U.S. tariffs by misrepresenting the origin of critical materials and components. The allegations have not been proven, but the litigation and September 28 lead-plaintiff deadline could weigh on sentiment.

Bloom Energy Price Performance

Shares of BE opened at $252.84 on Friday. Bloom Energy Corporation has a one year low of $52.00 and a one year high of $351.28. The stock's fifty day moving average is $226.89 and its 200-day moving average is $221.77. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a market capitalization of $74.47 billion, a price-to-earnings ratio of 337.12, a price-to-earnings-growth ratio of 3.23 and a beta of 3.80.

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

Bloom Energy 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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