State of Wisconsin Investment Board Adds $2M in Bloom Energy Corporation ($BE)
The State of Wisconsin Investment Board increased its stake in Bloom Energy by 4.47%, now holding 117,150 shares.
Key Points
- The State of Wisconsin Investment Board increased its Bloom Energy stake by 4.47%, adding 5,014 shares to hold 117,150 shares valued at $38.53 million.
- Bloom Energy, with a market cap of $93.56 billion, has a forward P/E of 75.66 and a 52-week high of $329.51.
- Insider transactions included sales by executives, and analysts set price targets between $217 and $335, with a consensus 'buy' recommendation.
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The State of Wisconsin Investment Board has increased its stake in Bloom Energy Corporation (NYSE: BE). According to a recent SEC filing, the board added 5,014 shares, bringing its total holdings to 117,150 shares as of the reporting period. This represents a 4.47% increase in its position, with a total value of approximately $38.53 million.
State of Wisconsin Investment Board vs. the S&P 500
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What Changed in State of Wisconsin Investment Board's Bloom Energy Position
The State of Wisconsin Investment Board boosted its holdings in Bloom Energy by 5,014 shares, reflecting a 4.47% increase. This brings its total stake to 117,150 shares, valued at around $38.53 million. The previous holding was 112,136 shares.
Other Institutional Activity in Bloom Energy
Several other major funds also adjusted their positions in Bloom Energy. BlackRock, Inc. increased its holdings by 903,550 shares to a total of 25,060,806 shares, valued at about $3.40 billion. Meanwhile, Ameriprise Financial Inc. reduced its stake by 5,756,976 shares, holding 22,889,027 shares worth approximately $3.10 billion. Goldman Sachs Group Inc. significantly increased its position by 7,094,268 shares, bringing its total to 9,120,513 shares with a value of $1.24 billion.
Bloom Energy Corporation Stock Up 59.8%
Shares of Bloom Energy (NYSE: BE) recently traded near $328.91. The company has a market capitalization of approximately $93.56 billion and a forward P/E ratio of 75.66. The stock's 52-week range is between $21.43 and $329.51, with a 50-day moving average of $261.32 and a 200-day moving average of $154.08. Bloom Energy also has a beta of 3.746, indicating a high level of volatility compared to the broader market.
$BE stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bloom Energy reported revenues of $2.45 billion, reflecting a growth rate of 1.30%. Despite this growth, the company is not yet profitable, with an EPS of -$0.03. The net margin stands at a slim 0.25%, and return on equity is 1.29%. The next earnings report is anticipated on July 30, 2026.
Insider Buying and Selling at Bloom Energy Corporation
Recent insider transactions at Bloom Energy include planned sales by several executives on June 16, 2026. COO Chitoori Satish sold 2,837 shares at an average price of $289.11, while CCO Aman Joshi sold 3,558 shares at $289.14. Additionally, on May 28, 2026, John Chambers sold 55,000 shares at $297.69 under a planned sale.
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. The consensus among 25 analysts is a 'buy' rating, with a mean target price of $263.65.
About Bloom Energy
Bloom Energy Corporation, headquartered in San Jose, California, specializes in designing and manufacturing solid oxide fuel cell systems for on-site power generation. The company's flagship product, the Bloom Energy Server, converts natural gas, biogas, hydrogen, or a blend into electricity through a non-combustion process. Bloom Energy serves various sectors, including utilities, data centers, and healthcare, and is led by CEO Dr. K. R. Sridhar.
Bottom Line
The State of Wisconsin Investment Board's increased stake in Bloom Energy highlights continued institutional interest in the company. Bloom Energy remains a significant player in the energy sector, known for its innovative fuel cell technology. While the company's growth prospects are promising, it's important to note that 13F filings are historical and may not reflect current positions.
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