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

Van ECK Associates Corp lowered its stake in shares of Bloom Energy Corporation (NYSE:BE) by 5.4% in the second quarter, according to its most recent disclosure 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 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. increased its stake in Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after acquiring an additional 37 shares during the period. Bogart Wealth LLC raised its holdings in Bloom Energy by 725.0% in the 2nd quarter. Bogart Wealth LLC now owns 132 shares of the company’s stock valued at $40,000 after acquiring an additional 116 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of Bloom Energy in the 2nd quarter worth approximately $54,000. Finally, Blue Trust Inc. lifted its position in shares of Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares during the period. Institutional investors own 77.04% of the company’s stock.

Key Bloom Energy News

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 Trading Down 3.9%

Shares of Bloom Energy stock opened at $209.37 on Friday. Bloom Energy Corporation has a 12-month low of $48.87 and a 12-month high of $351.28. The stock has a market capitalization of $61.67 billion, a P/E ratio of 279.16, a price-to-earnings-growth ratio of 2.89 and a beta of 3.79. The company has a 50-day simple moving average of $235.51 and a 200 day simple moving average of $219.07. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on BE shares. Jefferies Financial Group boosted their price objective on Bloom Energy from $188.00 to $229.00 and gave the company a “hold” rating in a research report on Friday, August 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $282.00 target price on shares of Bloom Energy in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Citigroup reissued a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.05.

Insider Buying and Selling

In related news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. This represents a 12.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total value of $820,205.07. Following the sale, the insider directly owned 207,417 shares of the company’s stock, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,464 shares of company stock valued at $22,131,255 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

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.