Bloom Energy Corporation $BE Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Bloom Energy Corporation (NYSE:BE) by 106.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 535,900 shares of the company’s stock after buying an additional 275,700 shares during the period. Renaissance Technologies LLC’s holdings in Bloom Energy were worth $72,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BE. Brooklands Fund Management Ltd purchased a new position in Bloom Energy during the 4th quarter worth $347,560,000. Norges Bank acquired a new position in shares of Bloom Energy during the fourth quarter worth about $239,683,000. Jennison Associates LLC increased its stake in shares of Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after acquiring an additional 2,673,710 shares during the period. Amundi raised its holdings in Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after purchasing an additional 2,511,426 shares in the last quarter. Finally, Man Group plc raised its holdings in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after purchasing an additional 1,530,167 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy News Roundup

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

• Positive Sentiment: Recent commentary remains constructive on Bloom Energy’s long-term AI power demand story, with analysts and bullish articles highlighting its role in supplying on-site power for data centers and other large energy users. Bloom Energy: AI’s Power Crunch Creates Rare Buying Opportunity
• Positive Sentiment: Bloom Energy is entering its upcoming Q2 report with elevated expectations, supported by AI-driven demand and the recently highlighted Oracle fuel-cell deal, which could keep sentiment favorable if results and guidance confirm the growth narrative. Bloom Energy Set to Report Q2 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Wall Street preview pieces are focusing on Q2 metrics and expectations rather than a new negative catalyst, suggesting investors are waiting for the earnings release for confirmation on revenue growth, margins, and cash flow. Unlocking Q2 Potential of Bloom Energy (BE): Exploring Wall Street Estimates for Key Metrics
• Neutral Sentiment: Unusual options activity showed a sharp increase in put buying, indicating traders are hedging or betting on further near-term downside, but this is more of a sentiment signal than a fundamental development.
• Negative Sentiment: BE is being hit by a broad selloff across the fuel-cell and hydrogen space, which is weighing on the stock despite its longer-term growth story. Bloom Energy Tumbles 13%, FuelCell Energy Drops 9%, Plug Power Slips 4% in Fuel-Cell Selloff

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BE. Barclays lifted their price objective on Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. increased their target price on Bloom Energy from $267.00 to $346.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. TD Cowen reissued a “hold” rating and issued a $235.00 price target on shares of Bloom Energy in a report on Monday, July 20th. Sanford C. Bernstein started coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target on the stock. Finally, Truist Financial initiated coverage on Bloom Energy in a report on Monday, July 13th. They set a “hold” rating and a $250.00 price objective on the stock. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $254.00.

Insider Activity

In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the sale, the director directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. The trade was a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maciej Kurzymski sold 6,229 shares of the company’s stock in a transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 153,617 shares of company stock valued at $44,003,909 in the last 90 days. Insiders own 3.00% of the company’s stock.

Bloom Energy Trading Up 0.5%

Shares of Bloom Energy stock opened at $185.80 on Monday. The company has a 50-day moving average of $270.58 and a two-hundred day moving average of $207.33. Bloom Energy Corporation has a 12-month low of $32.52 and a 12-month high of $351.28. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock has a market cap of $52.85 billion, a PE ratio of -3,715.24 and a beta of 3.73.

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

Bloom Energy 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.