Nissay Asset Management Corp Japan Purchases 19,732 Shares of Bloom Energy Corporation $BE

Nissay Asset Management Corp Japan increased its position in Bloom Energy Corporation (NYSE:BE) by 35.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 74,696 shares of the company’s stock after purchasing an additional 19,732 shares during the period. Nissay Asset Management Corp Japan’s holdings in Bloom Energy were worth $22,610,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their price target on Bloom Energy from $188.00 to $229.00 and gave the company a “hold” rating in a research report on Friday, August 14th. Citigroup restated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Wells Fargo & Company decreased their target price on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Roth Capital increased their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, BTIG Research reissued a “buy” rating and issued a $295.00 price target on shares of Bloom Energy in a report on Wednesday, July 29th. Three 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.05.

Bloom Energy News Roundup

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?

Bloom Energy Stock Down 3.9%

Shares of NYSE BE opened at $209.37 on Friday. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average of $235.51 and a 200-day moving average of $219.07. The firm has a market capitalization of $61.67 billion, a price-to-earnings ratio of 279.16, a PEG ratio of 2.98 and a beta of 3.79. Bloom Energy Corporation has a 12 month low of $48.87 and a 12 month high of $351.28.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. During the same period in the previous year, the business posted $0.10 earnings per share. Bloom Energy’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Sell-side analysts expect that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Satish Chitoori sold 2,053 shares of Bloom Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $241.64, for a total transaction of $496,086.92. Following the completion of the sale, the insider directly owned 205,364 shares of the company’s stock, valued at approximately $49,624,156.96. The trade was a 0.99% decrease in their position. 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, Director John T. Chambers sold 15,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total value of $3,750,000.00. Following the completion of the transaction, the director directly owned 208,333 shares in the company, valued at approximately $52,083,250. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 89,464 shares of company stock worth $22,131,255. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Company 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.