Sumitomo Mitsui DS Asset Management Company Ltd Has $9.13 Million Holdings in Bloom Energy Corporation $BE

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Bloom Energy Corporation (NYSE:BE) by 23.8% during the 2nd quarter, Holdings Channel reports. The fund owned 30,160 shares of the company’s stock after acquiring an additional 5,803 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bloom Energy were worth $9,129,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BE. Q Fund Management Hong Kong Ltd increased its holdings in Bloom Energy by 534.9% during the 2nd quarter. Q Fund Management Hong Kong Ltd now owns 27,300 shares of the company’s stock valued at $8,264,000 after purchasing an additional 23,000 shares in the last quarter. River Street Advisors LLC acquired a new position in Bloom Energy in the second quarter worth $333,000. Laurel Oak Wealth Management LLC acquired a new position in Bloom Energy in the second quarter worth $309,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Bloom Energy during the second quarter worth $1,098,000. Finally, Greenleaf Trust bought a new stake in shares of Bloom Energy during the second quarter worth $325,000. 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: AI data-center power partnership boosts growth outlook. Nebius Group selected Bloom’s fuel cells as the behind-the-meter power solution for a flagship AI data center. Analysts highlighted Bloom’s ability to provide “speed to power,” an important advantage as grid interconnection delays constrain AI infrastructure expansion. BE Stock Jumps After NBIS Says Switch To Bloom
• Positive Sentiment: MiTAC expansion reinforces demand for Bloom’s onsite systems. MiTAC Computing Technology expanded its Bloom partnership to include a fuel-cell-powered islanded microgrid at its Fremont AI server manufacturing campus, adding to its existing San Jose installation. The project supports Bloom’s positioning as a rapidly deployable, low-noise power provider for mission-critical AI operations. Scandium Supply Chain Dispute Might Change The Case For Investing In Bloom Energy
• Positive Sentiment: AI-driven earnings expectations remain supportive. Commentary from Zacks, Fool.com and Evercore ISI points to rising power demand from AI data centers as a major long-term opportunity. Bloom’s latest reported quarter also featured revenue growth of 165.5% year over year and earnings well above consensus, strengthening the bullish narrative. Bloom Energy Skyrockets 143% YTD

Bloom Energy Trading Down 0.4%

BE stock opened at $236.12 on Friday. The company has a market cap of $69.54 billion, a P/E ratio of 314.82, a PEG ratio of 3.24 and a beta of 3.79. Bloom Energy Corporation has a twelve month low of $40.56 and a twelve month 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 fifty day moving average of $248.98 and a 200-day moving average of $214.75.

Bloom Energy (NYSE:BE) last posted its quarterly 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. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 1.93 EPS for the current year.

Insider Activity at Bloom Energy

In other news, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Aman Joshi sold 8,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the sale, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 92,585 shares of company stock worth $25,996,248. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BE. Susquehanna lifted their price target on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. BMO Capital Markets decreased their price objective on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a report on Wednesday, July 29th. TD Cowen restated a “hold” rating and issued a $235.00 price objective on shares of Bloom Energy in a research report on Monday, July 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Finally, UBS Group reduced their target price on shares of Bloom Energy from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and an average target price of $246.18.

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.