Russell Investments Group Adds $28M in Bloom Energy Corporation ($BE)
Russell Investments nearly doubled its Bloom Energy holdings to over 202,000 shares.
Key Points
- Russell Investments boosted its Bloom Energy stake by 99,151 shares, a 96% increase, bringing its total to 202,060 shares valued at $56.75 million.
- Bloom Energy, traded on the NYSE under the ticker BE, has a market cap of $81.06 billion and a forward P/E of 65.56.
- Insiders at Bloom Energy, including top executives, recently sold shares, with transactions planned and unplanned.
Russell Investments Group has significantly increased its stake in Bloom Energy Corporation (NYSE: BE), according to a recent filing with the SEC. The investment firm boosted its position by 99,151 shares, a 96% increase, bringing its total holdings to 202,060 shares. This expanded stake is valued at approximately $56.75 million as of the filing date.
What Changed in Russell Investments' Bloom Energy Position
Russell Investments nearly doubled its investment in Bloom Energy during the reporting period. Previously holding 102,909 shares, the firm added 99,151 shares, marking a substantial 96% increase. The total position now stands at 202,060 shares, valued at about $56.75 million.
Other Institutional Activity in Bloom Energy
In addition to Russell Investments' increase, other major funds also adjusted their positions in Bloom Energy. BlackRock, Inc. added 903,550 shares, ending with 25,060,806 shares valued at approximately $3.40 billion. Ameriprise Financial Inc reduced its stake by 5,756,976 shares, leaving it with 22,889,027 shares worth $3.10 billion. Vanguard Portfolio Management LLC acquired 12,829,781 shares, reaching a total of 12,829,781 shares valued at $1.74 billion. Meanwhile, Goldman Sachs Group Inc increased its holdings by 7,094,268 shares, totaling 9,120,513 shares valued at $1.24 billion.
Bloom Energy Stock Snapshot
Shares of Bloom Energy Corporation (NYSE: BE) traded around $280.88. The company boasts a market capitalization of $81.06 billion and a forward P/E ratio of 65.56, indicating growth expectations. With a high beta of 3.746, the stock has shown significant volatility. The 52-week range spans from $21.41 to $322.83, with the 50-day moving average at $257.68 and the 200-day moving average at $152.69.
Recent Earnings
Bloom Energy reported revenue of $2.45 billion, reflecting a growth rate of 1.3%. Despite a negative EPS of -$0.03, the company maintained a net margin of 0.246%. The return on equity was 1.3%. Investors can look forward to the next earnings announcement on July 30, 2026.
Insider Buying and Selling at Bloom Energy Corporation
Recent insider activity at Bloom Energy saw several executives selling shares. Chief Operations Officer Chitoori Satish sold 2,837 shares at an average price of $289.11 on June 16, 2026, under a planned sale. Chief Accounting Officer Kurzymski Maciej sold 2,259 shares at $288.62 on the same day without a pre-planned transaction. Chief Commercial Officer Joshi Aman also sold 3,558 shares at $289.14 in a planned sale. Chief Legal Officer Shawn Marie Soderberg sold 2,842 shares at $288.63. Additionally, John Chambers sold 55,000 shares at $297.69 on May 28, 2026, as part of a planned sale.
Analysts Set New Price Targets
Analysts have recently updated their ratings and price targets for Bloom Energy. On June 17, 2026, Bernstein initiated coverage with a 'hold' rating and a $276 price target. Barclays maintained its 'hold' rating with a $254 target on May 12, 2026. Citigroup and JP Morgan also maintained their ratings, with targets of $281 and $267, respectively. RBC Capital and Susquehanna both maintained 'buy' ratings, with RBC setting a high target of $335.
About Bloom Energy
Bloom Energy Corporation, headquartered in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. The company's flagship product, the Bloom Energy Server, converts fuels like natural gas and biogas into electricity through a non-combustion process. Bloom Energy serves various sectors, including utilities, data centers, and healthcare, providing clean and efficient energy solutions.
Bottom Line
Russell Investments' significant increase in its Bloom Energy stake reflects confidence in the company's prospects, despite its negative earnings per share. Bloom Energy's position in the energy sector and its innovative fuel cell technology make it a company to watch. As always, it's important to remember that 13F filings are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.