Firsthand Capital Management Inc. Sells 3,000 Shares of Bloom Energy Corporation $BE

Firsthand Capital Management Inc. trimmed its position in shares of Bloom Energy Corporation (NYSE:BE) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,000 shares of the company’s stock after selling 3,000 shares during the quarter. Bloom Energy makes up approximately 1.9% of Firsthand Capital Management Inc.’s holdings, making the stock its 17th largest position. Firsthand Capital Management Inc.’s holdings in Bloom Energy were worth $1,043,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BE. WPG Advisers LLC boosted its position in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Bloom Energy in the 4th quarter worth approximately $28,000. Fifth Third Bancorp purchased a new stake in Bloom Energy during the 3rd quarter valued at $32,000. Finally, McMillan Office Inc. purchased a new stake in Bloom Energy during the 4th quarter valued at $37,000. 77.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Bloom Energy news, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. This trade represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aman Joshi sold 4,813 shares of Bloom Energy stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the sale, the insider owned 175,708 shares of the company’s stock, valued at $50,639,045.60. The trade was a 2.67% 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 sold 323,777 shares of company stock valued at $71,485,514 over the last quarter. Insiders own 3.00% of the company’s stock.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for reliable power to support AI data centers, with commentary pointing to its fuel-cell technology as a solution for grid-constrained projects and a reason traders are re-entering the name. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
• Positive Sentiment: Recent coverage says Bloom Energy continues to stand out in the renewable-energy group, with strong earnings performance helping support the bullish case and reinforcing its growth momentum versus peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
• Neutral Sentiment: Bloom Energy’s stock has already delivered an enormous multi-year gain, and one article questions whether there is still upside left after the rally, which may be encouraging some investors to reassess valuation rather than chase the stock. Bloom Energy (BE) Stock After 13x Three Year Surge Is There Still Upside Potential
• Neutral Sentiment: One bearish note downgraded Bloom Energy to hold, arguing that AI enthusiasm may be running ahead of fundamentals, which adds caution but does not point to a major business setback. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
• Negative Sentiment: Coverage also notes that Bloom Energy has pulled back from a recent peak, and that a paused data-center project tied to Crusoe raises a near-term reminder that some AI-power demand could be delayed even if the longer-term thesis remains intact. BE Stock Recovers After 10% Selloff: Morgan Stanley Says Crusoe Project Pause Does Not Break AI Power Thesis

Bloom Energy Stock Performance

Shares of NYSE:BE opened at $260.39 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The firm’s 50 day simple moving average is $246.21 and its 200-day simple moving average is $171.19. Bloom Energy Corporation has a one year low of $20.93 and a one year high of $322.83. The firm has a market cap of $74.07 billion, a PE ratio of -5,206.80 and a beta of 3.73.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BE shares. Barclays boosted their target price on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. Roth Mkm set a $225.00 price objective on shares of Bloom Energy in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and an average target price of $217.48.

About Bloom Energy

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.