Bloom Energy Corporation $BE Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Bloom Energy Corporation (NYSE:BE) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,607 shares of the company’s stock after purchasing an additional 29,410 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Bloom Energy worth $46,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BE. Continuum Advisory LLC acquired a new stake in shares of Bloom Energy during the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new position in shares of Bloom Energy in the 3rd quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in shares of Bloom Energy in the 1st quarter valued at about $27,000. REAP Financial Group LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at about $28,000. Finally, MJT & Associates Financial Advisory Group Inc. lifted 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 worth $34,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Shawn Soderberg sold 2,895 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total transaction of $676,272.00. Following the transaction, the insider directly owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the sale, the insider owned 202,494 shares in the company, valued at approximately $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 85,859 shares of company stock valued at $20,994,650. Company insiders own 3.00% of the company’s stock.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $185.36 on Wednesday. The firm’s 50 day moving average is $245.27 and its two-hundred day moving average is $221.40. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. The firm has a market capitalization of $54.80 billion, a P/E ratio of 113.72, a PEG ratio of 1.96 and a beta of 3.63. The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 138.1% compared to the same quarter last year. Analysts anticipate that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BE. Mizuho upped their target price on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a report on Monday, September 14th. UBS Group upped their price objective on Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. dropped their target price on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. BMO Capital Markets cut Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 3rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Bloom Energy in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average price target of $263.05.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy reportedly signed 1.6 gigawatts of fuel-cell contracts for data centers. The company is also linked to a planned 702-megawatt Google project in Wyoming, while a California partnership is evaluating at least 1 gigawatt of fuel-cell generation with carbon capture. These projects support the company’s growth opportunity as data centers seek power. Why Bloom Energy Stock Popped Today Bloom Energy rises as investors refocus on major data-center power deals
• Positive Sentiment: RBC reaffirmed its Outperform rating and $335 price target, citing potential upside. Recent coverage also points to strong revenue growth and raised full-year guidance, though these factors have not shielded the stock from broader volatility. Bloom Energy Sank on Midterm Fears: Why RBC Sees 68% Upside
• Negative Sentiment: Investors have sold data-center and power-infrastructure stocks amid concerns about project financing, capital constraints and potential overinvestment, with post-election policy uncertainty adding to caution. Bloom’s exposure to the AI-power theme makes it vulnerable to this sector-wide pullback. GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week
• Negative Sentiment: Other coverage flags negative free cash flow in the third quarter and a demanding valuation—more than 60 times the midpoint of projected 2026 adjusted EPS in one analysis. Those concerns may weigh on shares even as contracts and revenue grow. Is Bloom Energy Really Worth $200 Right Now? Here’s the Math.

Bloom Energy Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.