Allianz Asset Management 13F: Adds $94M to BE Stake

Allianz Asset Management Expands Bloom Energy Holding

Allianz Asset Management filed a Form 13F with the U.S. Securities and Exchange Commission detailing a large addition to its investment in Bloom Energy Corporation BE. The institutional filing reflects holdings as of the period ended May 11, 2026, and may not represent the investor's current position today. During the quarter, the asset manager grew its portfolio by purchasing a block of shares in the alternative energy company.

Big Jump in Shares Held by Allianz

Allianz Asset Management raised its position by a substantial 1,773.7%, lifting its stake with 280,314 newly acquired shares. The fund held just 15,084 shares prior to the trade. The total share count reached 296,118 shares at the close of the period. Based on market prices, the end-of-period value of this stake stood at approximately $99.7 million.

Bloom Energy Stock Price and Valuation

Bloom Energy shares change hands around $336.75, sitting well above its 200-day moving average of $214.89 and closer to its 52-week high of $351.28. The company carries a market capitalization of roughly $69.6 billion. It trades at a forward P/E ratio of 47.9, while its trailing P/E is 342.5.

Analysts Set New Price Targets

Wall Street firms continue to update their views on Bloom Energy as the stock climbs. On October 16, 2026, Truist Securities maintained a Hold rating and lifted its price target to $240.00 from $218.00. Baird kept an Outperform rating on October 15, 2026, raising its target to $351.00 from $310.00. UBS maintained a Buy rating on October 7, 2026, with a target of $350.00. Bernstein reiterated a Market Perform rating at $282.00 on October 7, 2026. Barclays maintained an Equal-Weight rating on October 2, 2026, setting a target of $308.00. Jefferies held its rating on September 29, 2026, with a target of $264.00, while RBC Capital kept an Outperform rating at $335.00 on September 28, 2026. The stock currently holds a consensus recommendation of buy with 26 analysts covering the company and a mean price target of $284.58.

Inside Bloom Energy's Power Systems

Bloom Energy Corporation designs, manufactures, and sells solid oxide fuel cell systems that generate on-site power for industrial customers, data centers, and utilities. Its technology converts fuels like natural gas or hydrogen into electricity through a non-combustion electrochemical process. The company is headquartered in San Jose, California, and employs over 2,200 people.

What to Watch Next for the Stock

Investors tracking institutional interest in Bloom Energy should look ahead to the company's next earnings report scheduled for October 22, 2026. Because 13F filings look backward at historical end-of-quarter positions, they show where large funds stood months ago rather than their live daily trades.