Clearbridge Investments Reduces $128M in Bloom Energy Corporation ($BE)
Clearbridge Investments reduced its position in Bloom Energy by 21.6%, selling 378,628 shares.
Key Points
- Clearbridge Investments cut its stake in Bloom Energy by 21.6%, selling 378,628 shares to hold 1.38 million shares valued at $453 million.
- Bloom Energy, trading at $328.91, has a market cap of $93.56 billion and a forward P/E of 75.66, with a 52-week high of $329.51.
- Analysts like Bernstein and Barclays maintain 'hold' ratings on Bloom Energy, with price targets of $276 and $254, respectively.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Clearbridge Investments has reduced its stake in Bloom Energy Corporation (NYSE:BE) by 21.6%, according to its latest Form 13F filing with the SEC. The firm sold 378,628 shares during the reporting period, leaving it with 1,377,248 shares valued at approximately $452.99 million.
Clearbridge Investments vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Clearbridge Investments' Bloom Energy Position
Clearbridge Investments trimmed its holdings in Bloom Energy from 1,755,876 shares to 1,377,248 shares, a reduction of 378,628 shares. This move represents a 21.6% decrease in their position. The shares held by the firm are now worth about $453 million.
Other Institutional Activity in Bloom Energy
BlackRock, Inc. increased its Bloom Energy holdings by 903,550 shares, ending with 25,060,806 shares valued at approximately $3.40 billion. On the other hand, Ameriprise Financial Inc reduced its position by 5,756,976 shares, bringing its total to 22,889,027 shares worth about $3.10 billion. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, with 12,829,781 and 11,796,818 shares respectively, valued at $1.74 billion and $1.60 billion. Goldman Sachs Group Inc significantly increased its stake by 7,094,268 shares, totaling 9,120,513 shares valued at $1.24 billion.
Bloom Energy Corporation Stock Up 59.8%
Shares of Bloom Energy (NYSE:BE) are trading near $328.91. The company has a market capitalization of approximately $93.56 billion and a forward P/E ratio of 75.66. Its stock has a 52-week range between $21.43 and $329.51. The 50-day moving average is $261.32, and the 200-day moving average is $154.08. Bloom Energy has a current ratio of 5.03 and a quick ratio of 3.98, with a debt-to-equity ratio of 311.48.
$BE stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bloom Energy reported revenue of $2.45 billion, reflecting a growth of 1.3%. The company's net margin stands at 0.25%, with a return on equity of 1.29%. Despite a negative EPS of $0.03, the company continues to show revenue growth. The next earnings report is expected on July 30, 2026.
Insider Buying and Selling at Bloom Energy Corporation
On June 16, 2026, several insiders at Bloom Energy sold shares. Chitoori Satish, the Chief Operations Officer, sold 2,837 shares at an average price of $289.11 as part of a planned sale. Chief Accounting Officer Maciej Kurzynski sold 2,259 shares at $288.62. Chief Commercial Officer Aman Joshi sold 3,558 shares at $289.14, and Chief Legal Officer Shawn Marie Soderberg sold 2,842 shares at $288.63. On May 28, 2026, John Chambers sold 55,000 shares at $297.69, also under a planned sale. Eddy Zervigon bought 1,063 shares on May 21, 2026.
Analysts Set New Price Targets
On June 17, 2026, Bernstein initiated coverage of Bloom Energy with a 'hold' rating and a price target of $276. Barclays maintained its 'hold' rating on May 12, 2026, with a target of $254. Citigroup and JP Morgan also maintained their ratings, with Citigroup setting a target of $281 and JP Morgan a 'buy' rating with a target of $267. The consensus recommendation for Bloom Energy is a 'buy', with a mean target price of $263.65 from 25 analysts.
About Bloom Energy
Bloom Energy Corporation, based in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. The company offers the Bloom Energy Server, which converts fuels like natural gas and hydrogen into electricity through an electrochemical process. It also provides the Bloom Electrolyzer for hydrogen production. Bloom Energy serves various industries, including utilities, data centers, and healthcare, through both direct and indirect sales channels. Dr. K. R. Sridhar is the CEO, and the company employs around 2,000 people.
Bottom Line
Clearbridge Investments' reduction in its Bloom Energy holdings is a notable move, reflecting shifts in institutional sentiment. Investors often track such filings to gauge the confidence of large funds in a company's prospects. It's important to remember that these filings are backward-looking and may not represent current positions.
Get Bloom Energy Corporation alerts
New 13F filings, insider trades, and analyst moves on $BE, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.