16,682 Shares in Bloom Energy Corporation $BE Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new position in Bloom Energy Corporation (NYSE:BE) in the 1st quarter, Holdings Channel.com reports. The fund purchased 16,682 shares of the company’s stock, valued at approximately $2,260,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Bloom Energy by 1.6% in the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $466,000 after acquiring an additional 54 shares during the last quarter. WPG Advisers LLC boosted its holdings in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in Bloom Energy by 29.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 334 shares of the company’s stock valued at $45,000 after acquiring an additional 75 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Bloom Energy by 2.9% during the 1st quarter. D.A. Davidson & CO. now owns 2,655 shares of the company’s stock valued at $360,000 after acquiring an additional 75 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Evercore reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Bloom Energy in a research note on Wednesday, July 1st. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. Roth Capital lifted their target price on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $250.41.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: IDF and Oaktree announced a $1.7 billion investment to deploy Bloom Energy fuel cells for Nebius’ AI infrastructure, supporting growth in Bloom’s core power technology and strengthening its AI-related revenue opportunity. Reuters article
• Positive Sentiment: Additional coverage and commentary have highlighted Bloom Energy’s strong stock performance and momentum, with analysts describing it as a stock benefiting from solid quarterly results and long-term gains. Yahoo Finance article
• Neutral Sentiment: Bloom Energy has also appeared on momentum screens and in analyst-style market commentary, which may support trading interest but does not change the company’s fundamentals. Zacks article
• Negative Sentiment: Two law firms announced securities-fraud investigations into Bloom Energy following a short report, creating headline risk and raising concerns about potential disclosures or litigation. Business Wire article
• Negative Sentiment: Short-seller commentary and related reports have argued Bloom may face supply-chain risks and valuation concerns, which could pressure sentiment despite the AI deal news. Barchart article

Insider Activity at Bloom Energy

In related news, Director John T. Chambers sold 55,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the transaction, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares in the company, valued at approximately $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 153,617 shares of company stock valued at $44,003,909 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Price Performance

Shares of BE stock opened at $213.88 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. Bloom Energy Corporation has a fifty-two week low of $24.04 and a fifty-two week high of $351.28. The firm has a market cap of $60.84 billion, a P/E ratio of -4,276.78 and a beta of 3.73. The business’s 50 day moving average price is $278.38 and its 200-day moving average price is $202.41.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

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.