Wealthfront Advisers Adds $37M in Bloom Energy Corporation ($BE)

Wealthfront Advisers has significantly increased its stake in Bloom Energy Corporation (NYSE: BE), according to its latest Form 13F filing with the SEC. The advisory firm added 109,378 shares during the reporting period, boosting its holdings by a staggering 3722.9% to a total of 112,316 shares. The value of this position is now approximately $38.1 million.

What Changed in Wealthfront Advisers' Bloom Energy Position

Wealthfront Advisers' latest move involved a substantial increase in its Bloom Energy holdings, raising its stake from 2,938 shares to 112,316 shares. The addition of 109,378 shares reflects a 3722.9% increase, bringing the total value of its investment to around $38.1 million.

Other Institutional Activity in Bloom Energy

Several other institutional investors have also been active in Bloom Energy. BlackRock, Inc. grew its holdings by 903,550 shares, ending with 25,060,806 shares valued at about $3.4 billion, a 3.7% increase. Ameriprise Financial Inc reduced its position by 5,756,976 shares, holding 22,889,027 shares worth approximately $3.1 billion, marking a 20.1% decrease. Vanguard Portfolio Management LLC opened a new position with 12,829,781 shares valued at $1.7 billion. Similarly, Vanguard Capital Management LLC initiated a new stake with 11,796,818 shares worth about $1.6 billion. Goldman Sachs Group Inc increased its holdings by 7,094,268 shares, a 350.1% rise, to 9,120,513 shares valued at $1.2 billion.

Bloom Energy Corporation Stock Up 59.8%

Shares of NYSE:BE traded near $339.42 on Tuesday. Bloom Energy has a market cap of $98.4 billion and a forward P/E ratio of 79.3. The stock's beta is 3.746, indicating high volatility. It has traded between $21.43 and $349.91 over the past 52 weeks. The 50-day moving average is $261.32, while the 200-day moving average stands at $154.08. The company maintains a current ratio of 5.026 and a quick ratio of 3.979, with a debt-to-equity ratio of 311.476.

Recent Earnings

Bloom Energy reported revenue of $2.45 billion with a growth rate of 1.304. Despite a net margin of 0.246% and a return on equity of 1.286%, the company posted an earnings per share (EPS) of -$0.03, indicating no meaningful P/E ratio due to lack of profitability. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at Bloom Energy Corporation

Several insiders at Bloom Energy have been selling shares. On June 16, 2026, Chief Operations Officer Chitoori Satish sold 2,837 shares at an average price of $289.11 under a planned sale. Chief Accounting Officer Maciej Kurzynski sold 2,259 shares at $288.62. Chief Commercial Officer Aman Joshi also engaged in a planned sale of 3,558 shares at $289.14. Chief Legal Officer Shawn Marie Soderberg sold 2,842 shares at $288.63. Earlier, on May 28, 2026, John Chambers executed a planned sale of 55,000 shares at $297.69. Eddy Zervigon purchased 1,063 shares on May 21, 2026, at no cost.

Analysts Set New Price Targets

On June 17, 2026, Bernstein initiated coverage on Bloom Energy with a hold rating and a price target of $276. Barclays maintained its hold rating with a $254 target on May 12, 2026. Citigroup also maintained a hold rating with a $281 target on April 30, 2026. JP Morgan kept a buy rating with a target of $267, and RBC Capital maintained a buy rating with a $335 target, both on April 29, 2026. The consensus among 25 analysts is a buy rating, with a mean price target of $263.65.

About Bloom Energy

Bloom Energy Corporation, headquartered in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. Its primary product, the Bloom Energy Server, converts fuels like natural gas and hydrogen into electricity through a non-combustion process. The company serves a variety of industries, including utilities, data centers, and healthcare. Led by CEO Dr. K. R. Sridhar, Bloom Energy employs around 2,000 people and operates in both the United States and internationally.

Bottom Line

Wealthfront Advisers' significant increase in its Bloom Energy position is a notable development, reflecting strong institutional interest. Investors often track these filings to gauge market sentiment, although 13F filings are backward-looking and may not reflect current positions. As Bloom Energy continues to navigate its market, its stock performance and institutional activities will be closely watched.