Kornitzer Capital Management Inc. KS Grows Holdings in Bloom Energy Corporation $BE

Kornitzer Capital Management Inc. KS lifted its stake in Bloom Energy Corporation (NYSE:BE) by 14.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,745 shares of the company’s stock after acquiring an additional 3,350 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Bloom Energy were worth $3,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BE. Bayforest Capital Ltd acquired a new stake in Bloom Energy in the 1st quarter valued at approximately $2,055,000. AQR Capital Management LLC purchased a new stake in Bloom Energy in the first quarter valued at approximately $1,820,000. NewEdge Advisors LLC lifted its stake in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 4.7%

Shares of NYSE:BE traded down $12.14 during trading on Friday, hitting $244.88. The company’s stock had a trading volume of 14,800,589 shares, compared to its average volume of 13,844,773. Bloom Energy Corporation has a fifty-two week low of $24.04 and a fifty-two week high of $351.28. The business has a 50 day moving average price of $283.35 and a two-hundred day moving average price of $197.67. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company has a market capitalization of $69.65 billion, a PE ratio of -4,896.60 and a beta of 3.73.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million for 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 company’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, research analysts expect that Bloom Energy Corporation will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the transaction, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maciej Kurzymski sold 2,259 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer owned 79,686 shares in the company, valued at $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 228,617 shares of company stock worth $59,843,659 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Roth Capital lifted their target price on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Evercore reiterated an “outperform” rating and set a $350.00 price target on shares of Bloom Energy in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $242.14.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy continues to get support from Wall Street, with Susquehanna raising its price target to $298 and keeping a positive rating, while Robert W. Baird reaffirmed an outperform rating with a $310 target. Benzinga
• Positive Sentiment: Management has pushed back on the short report, saying it “categorically rejects” claims about supply-chain and scandium sourcing issues, which helped the stock rebound briefly yesterday. Yahoo Finance
• Neutral Sentiment: The stock has had an enormous AI-power rally over the past year, so some of today’s weakness may reflect profit-taking after a 1,000%+ run rather than a change in the company’s long-term story. 24/7 Wall St.
• Neutral Sentiment: Bloom Energy’s stock has also drawn multiple securities-fraud investigations, which keeps uncertainty elevated even though these are not operating results. Business Wire
• Negative Sentiment: Short-seller allegations about scandium and supply-chain exposure are pressuring sentiment, with one report saying Bloom relies on critical minerals tied to China. Yahoo Finance
• Negative Sentiment: Fuel-cell stocks are broadly unwinding part of their massive 2026 gains, adding sector-wide selling pressure on BE. 24/7 Wall St.
• Negative Sentiment: Bloom Energy has now retreated sharply from its recent high, with traders questioning whether the stock’s valuation can be justified ahead of earnings. Invezz

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.