Principal Financial Group Inc. Boosts Stake in Bloom Energy Corporation $BE

Principal Financial Group Inc. lifted its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,531 shares of the company’s stock after acquiring an additional 6,810 shares during the quarter. Principal Financial Group Inc.’s holdings in Bloom Energy were worth $6,711,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Geode Capital Management LLC increased its holdings in Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after purchasing an additional 269,662 shares during the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Bloom Energy in the fourth quarter worth $347,560,000. Amundi raised its holdings in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after acquiring an additional 2,511,426 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the fourth quarter valued at $239,683,000. Finally, Goldman Sachs Group Inc. boosted its stake in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after acquiring an additional 836,810 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 Marie Soderberg sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the transaction, the insider directly owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This represents a 9.29% 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 the SEC website. Also, Director Mary K. Bush sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the transaction, the director directly owned 108,524 shares of the company’s stock, valued at $28,971,567.04. This trade represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 153,617 shares of company stock valued at $44,003,909 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Trading Up 2.1%

NYSE BE opened at $188.83 on Tuesday. Bloom Energy Corporation has a one year low of $32.52 and a one year high of $351.28. The company has a 50-day simple moving average of $269.18 and a 200-day simple moving average of $207.93. 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 has a market capitalization of $53.71 billion, a PE ratio of -3,775.76 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 for the quarter, topping the consensus estimate 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 analyst estimates of $539.94 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Bloom Energy’s quarterly revenue was up 130.4% on a year-over-year basis. On average, equities analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current year.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy’s exposure to AI data centers, scalable onsite power systems and improving business outlook were cited as advantages over Plug Power, supporting the view that BE can benefit from rising demand for reliable electricity infrastructure. The article also acknowledged that Bloom trades at a richer valuation. BE vs. PLUG: Which Alternative Energy Stock Looks More Attractive?
• Positive Sentiment: A reported “Power Inflow” alert, based on institutional and retail order-flow data, provided a technical and trading-related catalyst. Such signals can attract momentum traders, although they do not represent a change in Bloom’s fundamentals. Bloom Energy Shares Up 5% After Key Trading Signal
• Positive Sentiment: Investors are anticipating a potentially strong quarterly update, with analysts and commentators suggesting Bloom could raise its full-year outlook again. The company’s prior quarter showed substantial year-over-year revenue growth and an earnings beat, raising expectations for another favorable report. Bloom Energy’s Next Earnings Report on July 28 Could Send the Stock Soaring
• Neutral Sentiment: BE is testing technical support immediately before earnings, making the upcoming report and management guidance the next major catalyst. Results, revenue growth and any changes to 2026 expectations could determine whether the recent recovery continues. Bloom Energy Stock Tests Support Before Earnings
• Negative Sentiment: Unusually heavy put-option activity indicates that some traders are hedging against, or speculating on, further downside. The elevated options activity highlights significant volatility risk around the earnings release. Bloom Energy Target of Unusually Large Options Trading

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BE. UBS Group boosted their target price on shares of Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Mizuho set a $285.00 price target on shares of Bloom Energy in a research report on Friday, May 1st. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a report on Wednesday, April 29th. Finally, Wall Street Zen raised 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 issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $254.00.

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.