State Street Corp Sells 158,186 Shares of Bloom Energy Corporation $BE

Key Points

• State Street reduced its Bloom Energy stake by 2.4%, selling 158,186 shares and retaining 6.32 million shares valued at approximately $1.91 billion. Institutional investors collectively own 77.04% of the company.
• Bloom Energy reported strong quarterly performance, with revenue rising 165.5% year over year to $1.07 billion and EPS of $0.78, beating estimates. The company cited growing demand for its fuel-cell systems from AI data centers and industrial customers.
• Shares opened at $276.97, but the stock remains highly volatile and richly valued, with a P/E ratio of 369.29 and a beta of 3.80. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $254.14.

State Street Corp cut its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,315,431 shares of the company's stock after selling 158,186 shares during the quarter. State Street Corp owned approximately 2.14% of Bloom Energy worth $1,911,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BE. Silicon Valley Capital Partners lifted its stake in Bloom Energy by 107.0% in the second quarter. Silicon Valley Capital Partners now owns 2,070 shares of the company's stock worth $627,000 after acquiring an additional 1,070 shares during the period. IKE Capital LLC purchased a new stake in Bloom Energy during the second quarter worth $2,952,000. Sequoia Financial Advisors LLC boosted its position in Bloom Energy by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,150 shares of the company's stock valued at $1,862,000 after acquiring an additional 268 shares in the last quarter. MCF Advisors LLC raised its position in shares of Bloom Energy by 479.2% in the 2nd quarter. MCF Advisors LLC now owns 278 shares of the company's stock worth $84,000 after acquiring an additional 230 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Bloom Energy in the 2nd quarter worth $9,444,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy News Roundup

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

• Positive Sentiment: Investor coverage continues to highlight Bloom Energy’s solid-oxide fuel-cell technology as a potential solution to the rapidly growing power needs of AI data centers and industrial facilities. Hyperscaler approvals, a growing fuel-cell backlog and a Brookfield financing agreement are viewed as evidence that the opportunity could translate into substantial future demand. Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
• Positive Sentiment: Bloom’s recent momentum has substantially outpaced the broader market and fuel-cell peers. Analysts and financial publications point to its stronger earnings growth, profitability and sharply improved business prospects following its record second-quarter results and expanding relationships with major U.S. hyperscalers. BE vs. BLDP: Which Clean Energy Stock Has Stronger Growth Potential?
• Positive Sentiment: A reported conditional U.S. Army award to an Indelible-Bloom coalition for long-term power-generation leases adds another potential commercial channel and helped reinforce the bullish narrative surrounding Bloom’s distributed-power systems. BE Stock Jumps Premarket Ahead Of S&P 500 Inclusion
• Neutral Sentiment: Comparisons with NextEra Energy and Plug Power frame Bloom as the higher-growth, higher-risk option: its AI exposure offers greater upside, but it lacks the stable regulated-utility income of NextEra and has a more concentrated technology and execution profile. Bloom Energy vs. NextEra Energy
• Negative Sentiment: Several law firms publicized a securities class action alleging violations of federal securities laws involving Bloom Energy and investors who purchased shares between February 27, 2025, and July 8, 2026. The repeated notices, including a September 28 lead-plaintiff deadline, could weigh on sentiment and raise potential legal and reputational risks, although the announcements do not establish wrongdoing. Pomerantz Bloom Energy Investor Alert
• Negative Sentiment: Reports of several insiders selling hundreds of thousands of dollars of Bloom Energy stock may add to profit-taking concerns after the shares’ powerful run, particularly given the company’s very high valuation and elevated volatility.

Bloom Energy Stock Up 1.5%

BE stock opened at $276.97 on Wednesday. The firm's fifty day simple moving average is $227.10 and its 200-day simple moving average is $231.51. The company has a market capitalization of $81.58 billion, a P/E ratio of 369.29, a price-to-earnings-growth ratio of 3.49 and a beta of 3.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. Bloom Energy Corporation has a 12 month low of $61.37 and a 12 month high of $351.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. The company 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 firm's quarterly revenue was up 165.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts forecast that Bloom Energy Corporation will post 2.06 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 3,601 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $269.94, for a total value of $972,053.94. Following the sale, the insider owned 155,529 shares in the company, valued at $41,983,498.26. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider owned 202,494 shares of the company's stock, valued at approximately $54,685,529.64. This represents a 1.40% 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 ninety days, insiders have sold 89,604 shares of company stock valued at $21,948,262. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BE. TD Cowen reaffirmed a "hold" rating and set a $235.00 price objective on shares of Bloom Energy in a research report on Monday, July 20th. Zacks Research raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Barclays raised their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an "equal weight" rating in a report on Tuesday, June 23rd. Wells Fargo & Company decreased their price target on 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. Finally, BTIG Research reissued a "buy" rating and set a $295.00 target price on shares of Bloom Energy in a research 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $254.14.

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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