CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $2.3M to BE Stake

Cushing Asset Management, LP, dba NXG Investment Management, boosted its position in Bloom Energy Corporation (BE) by 8,300 shares in a filing on October 26, 2026. The increase brings the fund's total holdings in the company to 145,200 shares, valued at approximately $40.2 million.

BE Bloom Energy Corporation

$203.92 ▲ +106.63% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Cushing Asset Management's Bloom Energy Position

Cushing Asset Management increased its stake by 8,300 shares, a 6.1% rise from the previous total of 136,900 shares. This move adds about $2,298,934 in value to the fund's reported position.

Where Bloom Energy Fits in Cushing Asset Management's Portfolio

Bloom Energy now accounts for 2.84% of Cushing Asset Management's total portfolio, ranking it 10th among the fund's 73 reported positions.

Other Institutional Activity in Bloom Energy

UniSuper Management recently grew its holdings by 68,434 shares, bringing its total to 97,323 shares worth about $26.9 million. Mutual of America Capital Management also increased its stake by 27,346 shares, totaling 30,078 shares valued at approximately $8.3 million. Beese Fulmer Investment Management added 2,533 shares, resulting in a total of 2,533 shares in Bloom Energy.

Bloom Energy Corporation Stock Up 5.5%

As of October 26, 2026, Bloom Energy shares closed at $203.92, and the stock is currently trading around $203.85. This price is about equal to the event close and is significantly below its 50-day moving average of approximately $247.78, and its 200-day moving average of about $219.70.

Recent Earnings

For the trailing twelve months, Bloom Energy reported revenue of approximately $3.83 billion, with a year-over-year growth rate of 138.1%. The next earnings report is expected on February 4, 2027.

Insider Buying and Selling at Bloom Energy Corporation

Several insiders sold shares of Bloom Energy in August 2026. Aman Joshi, an officer, sold 4,677 shares at an average price of $241.75, totaling approximately $1.13 million. Chief Operating Officer Satish Prabhu Chitoori sold 2,053 shares at $241.64, valued at about $496,087. Director Jeffrey R Immelt sold 30,000 shares at $238.91, amounting to roughly $7.17 million.

Analysts Set New Price Targets

On October 26, 2026, Barclays maintained its Equal-Weight rating on Bloom Energy with a target of $316. Wells Fargo also kept its Equal-Weight rating, setting a target of $182. Earlier, on October 23, JP Morgan maintained an Overweight rating with a target of $292, while RBC Capital reiterated its Outperform rating with a target of $335.

About Bloom Energy

Bloom Energy Corporation designs and manufactures solid oxide fuel cell systems for power generation. The company offers solutions for converting various fuels into electricity, including natural gas and hydrogen, catering to both U.S. and international markets.

Bottom Line

Investors will be watching for Bloom Energy's upcoming earnings report on February 4, 2027, as well as any further institutional filings. Cushing Asset Management's recent increase reflects confidence in the company's potential growth amid a challenging market landscape.