Bloom Energy Corporation $BE Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in Bloom Energy Corporation (NYSE:BE) by 21.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 169,607 shares of the company’s stock after purchasing an additional 29,410 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Bloom Energy were worth $46,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alps Advisors Inc. grew its position in Bloom Energy by 23.1% in the third quarter. Alps Advisors Inc. now owns 12,046 shares of the company’s stock worth $3,337,000 after buying an additional 2,257 shares during the last quarter. Providence First Trust Co purchased a new stake in shares of Bloom Energy in the third quarter worth approximately $297,000. CenterBook Partners LP acquired a new stake in shares of Bloom Energy during the third quarter worth approximately $1,928,000. International Assets Investment Management LLC grew its position in Bloom Energy by 49.8% during the third quarter. International Assets Investment Management LLC now owns 6,003 shares of the company’s stock valued at $1,666,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its stake in Bloom Energy by 26.9% in the 3rd quarter. Waldron Private Wealth LLC now owns 1,417 shares of the company’s stock valued at $392,000 after buying an additional 300 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Down 4.4%

BE stock opened at $185.36 on Wednesday. The firm has a market cap of $54.80 billion, a PE ratio of 113.72, a PEG ratio of 1.96 and a beta of 3.63. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The company has a fifty day simple moving average of $245.27 and a 200 day simple moving average of $221.40. The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 138.1% on a year-over-year basis. Sell-side analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy reportedly signed 1.6 gigawatts of fuel-cell contracts for data centers. The company is also linked to a planned 702-megawatt Google project in Wyoming, while a California partnership is evaluating at least 1 gigawatt of fuel-cell generation with carbon capture. These projects support the company’s growth opportunity as data centers seek power. Why Bloom Energy Stock Popped Today Bloom Energy rises as investors refocus on major data-center power deals
• Positive Sentiment: RBC reaffirmed its Outperform rating and $335 price target, citing potential upside. Recent coverage also points to strong revenue growth and raised full-year guidance, though these factors have not shielded the stock from broader volatility. Bloom Energy Sank on Midterm Fears: Why RBC Sees 68% Upside
• Negative Sentiment: Investors have sold data-center and power-infrastructure stocks amid concerns about project financing, capital constraints and potential overinvestment, with post-election policy uncertainty adding to caution. Bloom’s exposure to the AI-power theme makes it vulnerable to this sector-wide pullback. GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week
• Negative Sentiment: Other coverage flags negative free cash flow in the third quarter and a demanding valuation—more than 60 times the midpoint of projected 2026 adjusted EPS in one analysis. Those concerns may weigh on shares even as contracts and revenue grow. Is Bloom Energy Really Worth $200 Right Now? Here’s the Math.

Wall Street Analysts Forecast Growth

BE has been the topic of several research analyst reports. Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Morgan Stanley lifted their price objective on Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Jefferies Financial Group reissued a “hold” rating and set a $242.00 price objective on shares of Bloom Energy in a research report on Friday, October 23rd. JPMorgan Chase & Co. lowered their target price on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Finally, Sanford C. Bernstein raised their price target on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $263.05.

Insider Buying and Selling

In other news, Director Barbara Burger sold 2,333 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $215.05, for a total transaction of $501,711.65. Following the completion of the sale, the director owned 36,607 shares in the company, valued at approximately $7,872,335.35. This represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 8,437 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the transaction, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 85,859 shares of company stock valued at $20,994,650. 3.00% of the stock is owned by corporate insiders.

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.