California State Teachers Retirement System 13F: Cuts BE Stake by $2.2M

California State Teachers Retirement System Reduces Stake

California State Teachers Retirement System trimmed its position in Bloom Energy Corporation (NYSE: BE) by 7,528 shares, bringing its total to 310,859 shares. The value of this stake is approximately $91.8 million, according to the latest Form 13F filing with the SEC, reflecting holdings as of May 18, 2026.

The retirement system's reduction represents a 2.4% decrease in its holdings. This adjustment comes as Bloom Energy's share price has seen significant movement, closing at $295.29 on the day of publication. The company’s shares have fluctuated between a 52-week low of $75.70 and a high of $351.28.

Institutional Movements

While no other funds reported changes in their Bloom Energy positions in this quarter, the recent activity from California State Teachers Retirement System stands out as other large investors have been increasing their stakes. For instance, Wealthfront Advisers significantly boosted its investment in Bloom Energy earlier this year, adding over 109,000 shares.

Analysts Set New Price Targets

Analysts continue to view Bloom Energy positively. On October 16, 2026, Truist Securities maintained a 'Hold' rating with a price target of $240.00, up from a prior target of $218.00. Baird also maintained an 'Outperform' rating with a raised target of $351.00 on October 15, 2026. UBS reaffirmed its 'Buy' rating with a target of $350.00 on October 7, 2026. Overall, the consensus from 26 analysts recommends a 'buy' with a mean target price of $284.58.

What Bloom Energy Corporation Does

Bloom Energy Corporation designs and manufactures solid oxide fuel cell systems for on-site power generation. The company serves a variety of sectors, including utilities and data centers, helping them convert fuels into electricity through an efficient electrochemical process.

What’s Next for Bloom Energy?

Bloom Energy is set to report its next earnings on October 22, 2026. As the company continues to grow in the renewable energy sector, investors will be watching for updates on its financial performance and any further changes in institutional holdings. The recent 13F filing from California State Teachers Retirement System reflects past positions and may not indicate current investment strategies.