Bloom Energy Corporation $BE Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Bloom Energy Corporation (NYSE:BE) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,376 shares of the company’s stock after purchasing an additional 10,216 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bloom Energy were worth $11,183,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth $25,000. Anchor Investment Management LLC purchased a new position in shares of Bloom Energy in the 1st quarter worth $27,000. Godsey & Gibb Inc. raised its position 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 worth $28,000 after buying an additional 200 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. boosted its holdings in Bloom Energy by 49.3% in 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 last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom Energy’s solid oxide fuel-cell business is benefiting from strong demand for on-site power at AI and cloud data centers. Projects involving Oracle and Google, along with a growing backlog and improving free cash flow, support the long-term growth story. Is AI Data Center Deals Altering The Investment Case For Bloom Energy Stock?
• Positive Sentiment: Analysts anticipate significant third-quarter growth, with consensus estimates calling for revenue of approximately $1.06 billion—roughly double the prior-year period—and adjusted earnings per share of about $0.70, versus $0.15 a year earlier. BE Stock Jumps Premarket Into Earnings Week
• Neutral Sentiment: Bloom Energy is among the AI-related companies reporting this week, keeping the stock in focus as investors evaluate whether AI infrastructure spending is translating into near-term revenue and earnings. META Earnings & 2 Other AI-Related Reports to Watch This Week
• Neutral Sentiment: Investors are looking beyond revenue and EPS to metrics such as backlog, margins, cash flow, and operating execution. These indicators could determine whether the company’s data-center expansion is sustainable. Exploring Analyst Estimates for Bloom Energy Q3 Earnings
• Negative Sentiment: The stock has slumped from earlier highs and recently reached its lowest level since early September, reflecting heightened volatility and investor caution before earnings. Bloom Energy Stock Braces for Volatility as Q3 Earnings Loom
• Negative Sentiment: Bloom Energy’s premium valuation leaves limited room for disappointment. Even strong results may not support the stock unless management delivers on data-center contracts, backlog growth, profitability, and its outlook. Bloom Energy Q3 Earnings on Deck

Analyst Ratings Changes

BE has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. UBS Group upped their price target on Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Sanford C. Bernstein restated a “market perform” rating and issued a $282.00 price objective on shares of Bloom Energy in a report on Wednesday, October 7th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Truist Financial lifted their price objective on Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.05.

Bloom Energy Price Performance

Bloom Energy stock opened at $222.62 on Wednesday. The firm has a fifty day moving average of $249.83 and a 200-day moving average of $248.26. Bloom Energy Corporation has a 52-week low of $75.70 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 firm has a market capitalization of $65.57 billion, a P/E ratio of 296.83, a PEG ratio of 2.92 and a beta of 3.77.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share 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 for the quarter, compared to analyst estimates of $826.13 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly 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 predict that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insider Buying and Selling

In other news, Director John T. Chambers sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 208,333 shares of the company’s stock, valued at $52,083,250. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aman Joshi sold 8,437 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,698 shares of company stock valued at $21,780,758 over the last ninety days. Insiders own 3.00% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.