Driehaus Capital Management 13F: Adds $99M to BE Stake

Driehaus Capital Builds Its Energy Position

Driehaus Capital Management, an investment manager known for its aggressive growth style and focus on market momentum, significantly increased its stake in Bloom Energy Corporation (NYSE:BE). According to the firm's latest Form 13F filing with the SEC for the period ended May 15, 2026, the fund added 334,320 shares to its portfolio.

This transaction represents a 64.9% increase in the firm's holding of the clean-energy technology company. Driehaus Capital ended the reporting period with 849,801 shares of Bloom Energy, valued at approximately $250.93 million. Because 13F filings are backward-looking documents, they show holdings as of the end of the reporting quarter and may not reflect the fund's current, real-time market position.

Bloom Energy Stock Trends Higher

On Saturday, Bloom Energy shares were trading at $295.29, hovering closer to the upper end of its 52-week trading range of $75.70 to $351.28. The stock is currently trading well above both its 50-day moving average of $248.74 and its 200-day moving average of $214.89. With a market capitalization of $69.60 billion, the company trades at a price-to-earnings (P/E) ratio of 342.46, though its forward P/E ratio is lower at 47.89.

Recent Earnings

Bloom Energy reported revenue of $3.11 billion for its most recent fiscal period, representing a revenue growth rate of 1.7%. The company achieved a return on equity of 22.2% alongside a net margin of 7.9%, reporting earnings per share of $0.69. Investors are looking forward to the company's next earnings report, which is scheduled for release on October 22, 2026.

Analysts Set New Price Targets

Wall Street firms have been active in updating their views on Bloom Energy. On October 16, 2026, Truist Securities maintained its Hold rating on the stock while lifting its price target to $240.00 from $218.00. Just a day prior, on October 15, 2026, Baird kept its Outperform rating and pushed its price target to $351.00 from $310.00. On October 7, 2026, UBS kept its Buy rating with a target of $350.00, and Bernstein reiterated its Market Perform rating with a $282.00 price target on the same day. Earlier, on October 2, 2026, Barclays maintained its Equal-Weight rating with a $308.00 price target. Overall, the consensus recommendation among 26 analyst opinions is a buy, with a mean price target of $284.58.

Clean Power Generation

Bloom Energy Corporation designs and builds solid oxide fuel cell systems that generate on-site power. Its flagship product, the Bloom Energy Server, converts fuels like natural gas, biogas, or hydrogen into electricity without combustion. This clean electricity generation is highly sought after by electricity-intensive industries like data centers, hospitals, and utilities.

What's Ahead for Bloom Energy Corporation

Market observers will be watching the upcoming October earnings announcement to see if Bloom Energy can sustain its revenue growth and meet Wall Street's expectations. Future 13F filings in the coming quarters will also clarify whether Driehaus Capital has continued to accumulate shares or decided to lock in profits at these higher valuation levels.