Allstate Corp Makes New Investment in Bloom Energy Corporation $BE

Allstate Corp acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,599 shares of the company’s stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors have also modified their holdings of BE. Graticule Asia Macro Advisors LLC acquired a new position in Bloom Energy during the 3rd quarter valued at about $402,494,000. Trivest Advisors Ltd grew its position in Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Bloom Energy during the third quarter valued at approximately $141,679,000. Man Group plc grew its position in Bloom Energy by 177.4% in the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after buying an additional 1,240,819 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,111 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $288.24, for a total transaction of $608,474.64. Following the sale, the insider directly owned 210,254 shares in the company, valued at approximately $60,603,612.96. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the transaction, the chief accounting officer directly owned 81,945 shares of the company’s stock, valued at $24,039,385.20. This represents a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 268,777 shares of company stock worth $55,112,564. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

Shares of NYSE:BE opened at $284.48 on Friday. The company has a market capitalization of $80.92 billion, a price-to-earnings ratio of -5,688.50 and a beta of 3.82. The firm’s 50 day simple moving average is $220.81 and its 200 day simple moving average is $160.23. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. Bloom Energy Corporation has a fifty-two week low of $18.12 and a fifty-two week high of $322.83.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Bloom Energy News Summary

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

• Positive Sentiment: Bloom Energy continues to get bullish attention from analysts and media, including a recent Daiwa upgrade to Outperform with a $324 price target, citing an inflection in orders, capacity, and margins. Here’s Why Bloom Energy (BE) Is Among the Best Future Stocks to Buy Right Now
• Positive Sentiment: Recent commentary also highlights Bloom Energy’s strong growth outlook, with articles pointing to rising interest in its fuel-cell technology and improving earnings potential. Bloom Energy: Spare Capacity May Lead To Surging EPS Growth
• Neutral Sentiment: Several comparison pieces versus FuelCell Energy kept Bloom in the spotlight, with analysts favoring BE’s estimate upgrades and return on invested capital over FCEL’s lower leverage. Bloom Energy vs. FuelCell Energy: Which Clean Energy Stock Leads?
• Negative Sentiment: The main driver of weakness appears to be profit-taking after a steep recent move, as traders unwind positions tied to the AI data-center power-demand theme. Bloom Energy Stock Is Sliding: What’s Driving The Move?
• Negative Sentiment: Another note from Thursday said BE was already slipping as investors reassessed how much upside was left after the recent surge. What’s Going On With Bloom Energy Stock Today?

Wall Street Analyst Weigh In

BE has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group increased their price objective on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a research note on Tuesday, April 14th. Finally, Evercore reaffirmed an “outperform” rating and issued a $179.00 target price on shares of Bloom Energy in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $217.48.

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.