KBC Group NV Increases Holdings in Bloom Energy Corporation $BE

KBC Group NV increased its position in Bloom Energy Corporation (NYSE:BE) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,064 shares of the company’s stock after acquiring an additional 9,980 shares during the period. KBC Group NV’s holdings in Bloom Energy were worth $14,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BE. Geode Capital Management LLC boosted its position in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after purchasing an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy in the fourth quarter valued at $347,560,000. Amundi raised its stake in shares of Bloom Energy by 390.7% during the 4th quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after buying an additional 2,511,426 shares during the last quarter. Norges Bank acquired a new position in shares of Bloom Energy during the 4th quarter worth $239,683,000. Finally, Jennison Associates LLC raised its stake in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on BE. Truist Financial assumed coverage on shares of Bloom Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $250.00 price objective on the stock. Susquehanna lifted their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. UBS Group upped their price target on shares of Bloom Energy from $322.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $254.00.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy announced a large $1.7 billion deal linked to AI data center power needs, which investors are viewing as a major growth catalyst for its fuel-cell business. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal
• Positive Sentiment: JPMorgan raised its price target on Bloom Energy to $346 from $267 and kept an Overweight rating, pointing to a strong long-term delivery outlook and projecting 4.1 gigawatts of product deliveries through 2030. Why Bloom Energy (BE) Stock Is Trading Up Today
• Positive Sentiment: Another analyst note highlighted substantial upside for the stock, reinforcing the bullish sentiment around Bloom Energy’s role in AI power infrastructure. Why Bloom Energy Stock Jumped Over 10% Today
• Neutral Sentiment: Broader market conditions were slightly supportive, with U.S. stock futures modestly higher as inflation pressure eased, though this was not specific to Bloom Energy. US Stock Market Today: S&P 500 Futures Edge Higher As Inflation Pressure Eases
• Negative Sentiment: Earlier coverage noted Bloom Energy had been volatile and had recently fallen sharply in a split move within the fuel-cell sector, underscoring that the stock can reverse quickly on sentiment shifts. FuelCell Energy Rallies 6% While Bloom Energy Slides 6%, Splitting the Fuel-Cell Trade

Insiders Place Their Bets

In related news, Director Mary K. Bush sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the transaction, the director owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider owned 341,731 shares in the company, valued at approximately $95,342,949. This trade represents a 9.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 153,617 shares of company stock valued at $44,003,909. 3.00% of the stock is currently owned by insiders.

Bloom Energy Trading Up 15.0%

Bloom Energy stock opened at $226.58 on Wednesday. The stock has a market cap of $64.45 billion, a PE ratio of -4,530.73 and a beta of 3.73. The stock has a 50-day moving average price of $275.55 and a 200 day moving average price of $204.98. Bloom Energy Corporation has a 52 week low of $24.39 and a 52 week high of $351.28. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same period in the prior year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts predict that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal 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.