Beese Fulmer Investment Management 13F: New $702K Stake in BE

Beese Fulmer Investment Management initiated a brand-new holding in Bloom Energy Corporation BE, picking up 2,533 shares valued at approximately $701,590. According to a Form 13F filed with the Securities and Exchange Commission on October 23, 2026, the firm previously held zero shares in the fuel cell maker.

BE Bloom Energy Corporation

$193.30 ▲ +95.87% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Beese Fulmer Investment Management's Bloom Energy Position

The firm built its initial stake during the quarter, ending the period with 2,533 shares of Bloom Energy Corporation BE. The newly established position carried a reported market value of $701,590 based on filing-period valuations.

Other Institutional Activity in Bloom Energy Corporation

Other large investors adjusted their positions in the fuel cell maker during the period. Pinnacle Associates trimmed its holdings by 7,267 shares, ending with 168,039 shares worth about $46,543,442. SBI Securities cut its stake by 20,828 shares to hold 11,590 shares valued at about $3,210,198. Y-Intercept sold out its entire position, unloading 68,243 shares. Mutual of America Capital Management grew its holdings by 27,346 shares, ending with 30,078 shares worth about $8,331,004. Ameriprise Financial, Inc. reduced its position by 4,753,946 shares, leaving it with 18,134,575 shares valued at about $3,505,413,402.

Bloom Energy Corporation Stock Down 11.2%

Bloom Energy Corporation closed at $193.30 on October 23, 2026, and recently traded around $193.12. The stock trades below its 50-day moving average of $249.16 and below its 200-day moving average of $218.86. The share price sits below its 52-week high of $351.28 and well above its 52-week low of $75.70.

Recent Earnings

Bloom Energy Corporation reported trailing twelve-month revenue of $3,113,149,952 alongside trailing twelve-month earnings per share of $0.69.

Insider Buying and Selling at Bloom Energy Corporation

Company insiders were active in the market prior to the filing. Shawn Marie Soderberg sold 2,895 shares on August 14, 2026, at an average price of $233.60 for a total value of $676,272. Satish Prabhu Chitoori sold 2,053 shares on August 14, 2026, at $241.64 per share for a total value of $496,087. Aman Joshi sold 4,677 shares on August 14, 2026, at $241.75 per share for a total value of $1,130,665. Jeffrey R Immelt sold 30,000 shares on August 17, 2026, at an average price of $238.91 for a total value of $7,167,300.

Analysts Set New Price Targets

Wall Street analysts updated their views on the stock with several firms adjusting targets on October 23, 2026. On October 23, 2026, JP Morgan maintains the stock with an Overweight rating and a $292.00 price target, down from its prior $314.00 target. On October 23, 2026, RBC Capital reiterates the stock with an Outperform rating and a $335.00 price target, unchanged from its previous target. On October 23, 2026, Keybanc reiterates the stock with a Sector Weight rating with no price target listed. On October 23, 2026, Morgan Stanley maintains the stock with an Overweight rating and a $335.00 price target, raising it from $310.00. On October 23, 2026, Bernstein maintains the stock with a Market Perform rating and a $306.00 price target, up from $282.00. Overall, the stock carries a consensus buy rating from 26 analysts with a mean price target of $285.08.

About Bloom Energy Corporation

Based in San Jose, California, Bloom Energy Corporation designs and manufactures solid oxide fuel cell systems that generate electricity on-site through a non-combustion electrochemical process. The company serves industrial and commercial customers seeking alternative power generation options.

Bottom Line

Investors tracking Bloom Energy Corporation will want to monitor future institutional filings and analyst updates to see if enthusiasm holds steady near current trading levels.