11,932 Bloom Energy Corporation $BE Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of Bloom Energy Corporation (NYSE:BE) by 44.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,656 shares of the company’s stock after buying an additional 11,932 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Bloom Energy were worth $10,707,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bloom Energy by 78.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock worth $401,849,000 after acquiring an additional 583,135 shares during the period. Jennison Associates LLC raised its position in shares of Bloom Energy by 20,074.4% in the 1st 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 in the last quarter. Bank of America Corp DE raised its position in shares of Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after acquiring an additional 126,649 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bloom Energy in the 2nd quarter worth $296,413,000. Finally, Elemental Capital Partners LLC lifted its stake in shares of Bloom Energy by 2.5% during the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock worth $287,791,000 after purchasing an additional 25,625 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,895 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 89,698 shares of company stock worth $21,780,758 over the last quarter. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BE. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research report on Friday. Mizuho lifted their target price on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. JPMorgan Chase & Co. reduced their target price on shares of Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. UBS Group increased their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Finally, KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.00.

Bloom Energy Stock Up 7.2%

NYSE BE opened at $218.63 on Wednesday. The firm’s fifty day simple moving average is $247.45 and its two-hundred day simple moving average is $218.49. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 138.1% on a year-over-year basis. On average, analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Fuel-cell stocks are rallying broadly as the selloff following Bloom Energy’s third-quarter report continues to unwind. The move suggests concerns about the company’s cash flow and near-term funding needs are losing influence. Fuel Cell Stocks Rally as Post-Earnings Selloff Keeps Unwinding
• Positive Sentiment: Bloom Energy raised its 2026 guidance, reinforcing expectations for continued demand and improving operating performance. BMO set a $260 price target, while Barclays previously raised its target to $316. Bloom Energy Raises 2026 Guidance; BMO Targets $260
• Positive Sentiment: The company’s latest quarter showed explosive growth: revenue rose 138% year over year to $1.24 billion, while adjusted earnings of $0.94 per share exceeded the $0.69 consensus estimate. Investors also continue to view Bloom as a potential beneficiary of AI-related power consumption. Bloom Energy Stock Has Plunged Despite Explosive Growth

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.