The Manufacturers Life Insurance Company Has $15.64 Million Stock Holdings in Bloom Energy Corporation $BE

Key Points

• The Manufacturers Life Insurance Company cut its Bloom Energy stake by 47.4% in the second quarter, selling 46,571 shares and retaining 51,664 shares valued at approximately $15.64 million. Institutional investors collectively own 77.04% of Bloom Energy.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $249.18, though individual targets range from $235 to $335.
• Bloom Energy reported strong quarterly results, with revenue rising 165.5% year over year to $1.07 billion and adjusted earnings of $0.78 per share, beating estimates of $0.39.

The Manufacturers Life Insurance Company reduced its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 47.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,664 shares of the company's stock after selling 46,571 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Bloom Energy were worth $15,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in Bloom Energy by 4.6% in the second 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 during the period. MCF Advisors LLC raised its position in shares of Bloom Energy by 479.2% during the second quarter. MCF Advisors LLC now owns 278 shares of the company's stock worth $84,000 after purchasing an additional 230 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Bloom Energy during the second quarter worth approximately $9,444,000. Capital Advantage Inc. bought a new position in shares of Bloom Energy in the 2nd quarter worth $283,000. Finally, NewEdge Advisors LLC grew its position in Bloom Energy by 45.0% in the 2nd quarter. NewEdge Advisors LLC now owns 45,509 shares of the company's stock valued at $13,776,000 after purchasing an additional 14,113 shares during the period. Institutional investors own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director John Chambers sold 15,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the transaction, the director owned 208,333 shares of the company's stock, valued at $52,083,250. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Soderberg sold 2,895 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the transaction, the insider owned 129,370 shares in the company, valued at $30,220,832. The trade was a 2.19% 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 90 days, insiders have sold 89,464 shares of company stock worth $22,131,255. Company insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays upped their price objective 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. Zacks Research upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Oppenheimer reaffirmed a "market perform" rating on shares of Bloom Energy in a research report on Wednesday, July 29th. TD Cowen reiterated a "hold" rating and set a $235.00 price target on shares of Bloom Energy in a research note on Monday, July 20th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $335.00 price objective on shares of Bloom Energy in a report on Wednesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $249.18.

Bloom Energy News Summary

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

Bloom Energy Stock Performance

NYSE BE opened at $275.50 on Friday. Bloom Energy Corporation has a 1 year low of $61.37 and a 1 year high of $351.28. 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 firm has a market cap of $81.14 billion, a price-to-earnings ratio of 367.33, a PEG ratio of 3.78 and a beta of 3.80. The company has a fifty day moving average price of $225.34 and a 200-day moving average price of $225.85.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period last year, the firm earned $0.10 earnings per share. The firm's 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. As a group, equities research analysts predict that Bloom Energy Corporation will post 2.06 EPS for the current fiscal year.

Bloom Energy Company 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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