Saudi Central Bank Has $5.72 Million Stake in Bloom Energy Corporation $BE

Saudi Central Bank raised its stake in Bloom Energy Corporation (NYSE:BE) by 127.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,899 shares of the company’s stock after purchasing an additional 10,606 shares during the quarter. Saudi Central Bank’s holdings in Bloom Energy were worth $5,721,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. increased its stake in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Compound Planning Inc. boosted its position in Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares in the last quarter. Blue Trust Inc. increased its position in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Finally, Odyssean LLC raised its stake in shares of Bloom Energy by 1.8% during the 2nd quarter. Odyssean LLC now owns 2,926 shares of the company’s stock worth $886,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,053 shares of Bloom Energy stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $241.64, for a total value of $496,086.92. Following the transaction, the insider directly owned 205,364 shares of the company’s stock, valued at $49,624,156.96. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey Immelt sold 30,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares in the company, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,464 shares of company stock worth $22,131,255 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

Shares of BE opened at $252.84 on Monday. The company has a market capitalization of $74.47 billion, a PE ratio of 337.12, a price-to-earnings-growth ratio of 3.46 and a beta of 3.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. Bloom Energy Corporation has a one year low of $52.00 and a one year high of $351.28. The company’s fifty day moving average price is $226.89 and its 200 day moving average price is $222.35.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, analysts expect that Bloom Energy Corporation will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

BE has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. BMO Capital Markets dropped their price target on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a report on Wednesday, June 10th. Wells Fargo & Company reduced their price objective on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, BTIG Research reissued a “buy” rating and set a $295.00 target price on shares of Bloom Energy in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.05.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy is viewed as a leading candidate for inclusion in the S&P 500 during the index’s upcoming quarterly rebalancing. Investors are positioning ahead of a potential announcement after Friday’s close, with any changes expected to take effect around September 21. Inclusion could generate demand from index-tracking funds and increase the company’s visibility. Bloom Energy, Astera Rally On Hopes They Will Join S&P Friday; Who Else Could Be Added
• Positive Sentiment: Analysts and market commentators continue to highlight Bloom’s opportunity to supply electricity directly to AI data centers, which face grid-connection delays and rising power requirements. Recent commentary argues that Bloom’s behind-the-meter and distributed-generation systems may support strong revenue growth through year-end. I’m Calling It: Bloom Energy’s Revenue Guidance Will Keep Surprising Wall Street Through Year-End
• Positive Sentiment: The broader risk-on environment is supporting high-beta energy and fuel-cell shares, while Bloom is receiving particular attention because of its perceived exposure to AI-related power demand. Earlier quarterly results also showed substantial revenue growth and an earnings beat, reinforcing the bullish narrative.
• Neutral Sentiment: Vertiv’s planned acquisition of microgrid specialist UtilityInnovation Group underscores the growing importance of solving power bottlenecks for AI data centers. The transaction does not directly involve Bloom, but it may validate the market opportunity for distributed power and microgrid providers. Vertiv’s UIG Deal Targets the Next Big Constraint in AI Data Centers
• Negative Sentiment: Several law firms are soliciting investors regarding a securities class-action lawsuit covering purchases from February 27, 2025, through July 8, 2026. The lawsuit reportedly alleges Bloom understated its exposure to Chinese export controls and U.S. tariffs by misrepresenting the origin of critical materials and components. The allegations have not been proven, but the litigation and September 28 lead-plaintiff deadline could weigh on sentiment.

Bloom Energy 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.