Engineers Gate Manager LP Sells 32,803 Shares of Bloom Energy Corporation $BE

Engineers Gate Manager LP lowered its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 63.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,212 shares of the company’s stock after selling 32,803 shares during the period. Engineers Gate Manager LP’s holdings in Bloom Energy were worth $5,815,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in Bloom Energy in the second quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. grew its position in shares of Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the period. Markowski Investments bought a new stake in shares of Bloom Energy in the 2nd quarter valued at $37,000. Bogart Wealth LLC increased its stake in shares of 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. Finally, Carolina Wealth Advisors LLC lifted its position in shares of Bloom Energy by 51.7% during 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 during the period. 77.04% of the stock is currently owned by institutional investors.

Key Bloom Energy News

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

Wall Street Analyst Weigh In

Several analysts have recently commented on BE shares. Wells Fargo & Company reduced their target price on Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Evercore reissued an “outperform” rating on shares of Bloom Energy in a research note on Friday, August 7th. Robert W. Baird reaffirmed an “outperform” rating and set a $310.00 target price on shares of Bloom Energy in a research report on Thursday, July 9th. Susquehanna increased their target price on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $249.18.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. This trade represents a 12.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aman Joshi sold 4,677 shares of Bloom Energy stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $241.75, for a total transaction of $1,130,664.75. Following the transaction, the insider directly owned 159,130 shares in the company, valued at approximately $38,469,677.50. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 89,464 shares of company stock worth $22,131,255. 3.00% of the stock is owned by insiders.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $275.50 on Friday. Bloom Energy Corporation has a 52 week low of $61.37 and a 52 week high of $351.28. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average price of $225.34 and a 200-day moving average price of $225.85. The company has a market cap of $81.14 billion, a PE ratio of 367.33, a price-to-earnings-growth ratio of 3.54 and a beta of 3.80.

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. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.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 prior year, the firm posted $0.10 EPS. Bloom Energy’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities analysts anticipate that Bloom Energy Corporation will post 1.92 earnings per share for the current fiscal year.

About Bloom Energy

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.