Van ECK Associates Corp Sells 8,205 Shares of Bloom Energy Corporation $BE

Key Points

• Van ECK Associates reduced its Bloom Energy position by 5.4% in the second quarter, selling 8,205 shares and retaining 143,444 shares valued at $43.4 million. Institutional investors collectively own 77.04% of the company.
• Bloom Energy insiders sold 89,464 shares worth approximately $22.1 million over the past 90 days, including significant sales by directors John Chambers and Jeffrey Immelt.
• Business momentum remains strong but valuation is elevated: Bloom exceeded quarterly earnings and revenue expectations, with revenue up 165.5% year over year, while AI data-center demand is a key growth catalyst. Analysts’ average rating is “Moderate Buy,” with an average price target of $248.05.

Van ECK Associates Corp lowered its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,444 shares of the company's stock after selling 8,205 shares during the period. Van ECK Associates Corp's holdings in Bloom Energy were worth $43,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Bloom Energy during the 1st quarter valued at $27,000. Hantz Financial Services Inc. lifted its stake in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Inc. lifted its stake in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Bloom Energy in the fourth quarter worth $28,000. Institutional investors own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director John T. Chambers sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total value of $3,750,000.00. Following the sale, 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 SEC, which is available through this link. Also, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the transaction, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,464 shares of company stock worth $22,131,255 in the last ninety days. 3.00% of the stock is owned by insiders.

Bloom Energy News Summary

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?

Wall Street Analysts Forecast Growth

Several research firms have commented on BE. Wall Street Zen downgraded shares of Bloom Energy from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets reduced their price target on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating for the company in a research report on Wednesday, July 29th. Jefferies Financial Group upped their price target on Bloom Energy from $188.00 to $229.00 and gave the stock a "hold" rating in a research note on Friday, August 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Evercore restated an "outperform" rating on shares of Bloom Energy in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $248.05.

Bloom Energy Stock Performance

Shares of BE opened at $209.37 on Friday. The company has a market capitalization of $61.67 billion, a PE ratio of 279.16, a price-to-earnings-growth ratio of 2.89 and a beta of 3.79. Bloom Energy Corporation has a one year low of $48.87 and a one 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 company's fifty day moving average price is $235.51 and its 200 day moving average price is $219.07.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same quarter in the previous year, the business earned $0.10 EPS. The business'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, analysts expect that Bloom Energy Corporation will post 1.92 earnings per share 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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