2,758,465 Shares in Bloom Energy Corporation $BE Acquired by Norges Bank

Norges Bank bought a new position in shares of Bloom Energy Corporation (NYSE:BE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,758,465 shares of the company’s stock, valued at approximately $239,683,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WPG Advisers LLC increased its position in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Orion Capital Management LLC increased its position in Bloom Energy by 0.7% during the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after purchasing an additional 83 shares in the last quarter. Ritholtz Wealth Management increased its position in Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after purchasing an additional 87 shares in the last quarter. CoreCap Advisors LLC increased its position in Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after purchasing an additional 88 shares in the last quarter. Finally, Reliant Investment Management LLC grew its position in Bloom Energy by 3.6% in the fourth quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Oracle is partnering with Bloom Energy to supply gigawatt-scale clean fuel-cell power for its data centers, boosting Bloom’s visibility as a core AI infrastructure provider. Oracle Reshapes AI Data Centers With Clean Power And Arm Shift
• Positive Sentiment: Bloom Energy’s recent multi-gigawatt Oracle agreements, a $5 billion Brookfield partnership, and accelerating AI power demand suggest a bigger long-term revenue opportunity than the market expected. Bloom Energy’s AI Power Deals Test Valuation And Execution Expectations
• Positive Sentiment: Bloom Energy is getting additional bullish attention from analysts and technical traders, with commentary pointing to improving estimate revisions and strong momentum. Bears are Losing Control Over Bloom Energy (BE), Here’s Why It’s a ‘Buy’ Now
• Neutral Sentiment: Broader energy-sector strength is providing a favorable backdrop, but this is more of a market tailwind than a company-specific catalyst. Sector Update: Energy Stocks Rise Late Afternoon
• Neutral Sentiment: Some recent commentary warns that Bloom’s rally has become extended, with the stock now trading on very high expectations tied to AI growth and execution. Bloom Energy Stock’s Momentum Score Surges Amid 228% YTD Gains, But Analyst Sees A Catch

Insiders Place Their Bets

In other news, Director Mary K. Bush sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the transaction, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 268,777 shares of company stock valued at $55,112,564. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the subject of several recent research reports. Evercore reaffirmed an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Roth Mkm set a $225.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, BMO Capital Markets increased their price objective on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Stock Performance

Bloom Energy stock opened at $302.85 on Wednesday. The stock has a market cap of $86.14 billion, a P/E ratio of -6,055.83 and a beta of 3.73. 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 50 day moving average of $222.92 and a 200-day moving average of $161.41. Bloom Energy Corporation has a 52 week low of $18.39 and a 52 week high of $322.83.

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

About Bloom Energy

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.