Pinnacle Associates 13F: Cuts Bloom Energy (BE) Stake by $2M
Key Points
- Pinnacle Associates trimmed its Bloom Energy Corporation BE position by 7,267 shares to finish the period with 168,039 shares worth about $46.5 million.
- Bloom Energy Corporation recently traded around $228.57, up about 2.7% since its October 20, 2026 close of $222.65.
- Five major financial firms recently updated their outlooks on the stock, including Barclays and UBS adjusting price targets ahead of upcoming reports.
Since the filing, $BE is up 7.1% to date (from the $222.65 close on Oct 20, 2026).
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Pinnacle Associates trimmed its position in Bloom Energy Corporation BE by 7,267 shares during the quarter, according to a Form 13F filed with the SEC on October 20, 2026. The fund owned 168,039 shares worth about $46.5 million at the close of the filing period, marking a 4.1% reduction from the previous count of 175,306 shares.
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Bloom Energy Corporation
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What Changed in Pinnacle Associates's Bloom Energy Position
The fund lowered its exposure to the clean energy equipment maker by cutting a small fraction of its holding. The reported value of the remaining stake sat at $46,543,442. Pinnacle Associates previously held 175,306 shares before the 4.1% decrease.
Other Institutional Activity in Bloom Energy
Other large institutional investors adjusted their positions in the electrical equipment maker during recent reporting periods. Y-Intercept completely exited its position by selling 68,243 shares, ending with zero shares valued at $0. Wealthfront Advisers grew its holdings by 109,378 shares, ending with 112,316 shares worth about $37.8 million. State of Wisconsin Investment Board grew its holdings by 5,014 shares, ending with 117,150 shares worth about $39.5 million. Ameriprise Financial, Inc. reduced its holdings by 4,753,946 shares, ending with 18,134,575 shares worth about $4.1 billion. Situational Awareness LP reduced its holdings by 212,725 shares, ending with 6,272,808 shares worth about $1.4 billion.
Bloom Energy Corporation Stock Up 2.7%
Bloom Energy Corporation shares recently traded around $228.57 as of October 22, 2026, sitting up about 2.7% compared to the stock's closing price of $222.65 on the filing date. The stock trades above its 200-day moving average and well above its 52-week low of $75.70.
Recent Earnings
The company posted trailing-twelve-month revenue of $3.1 billion alongside basic earnings of $0.76 per share. Its net profit margin stood at 7.9% with a return on equity of 22.2%. The next corporate earnings update is scheduled for October 22, 2026.
Insider Buying and Selling at Bloom Energy Corporation
Company insiders executed several sales prior to the filing. On August 14, 2026, officer Shawn Marie Soderberg sold 2,895 shares at $233.60 for a total value of $676,272. Officer Aman Joshi sold 4,677 shares on the same day at $241.75 totaling $1,130,665. Chief Operating Officer Satish Prabhu Chitoori sold 2,053 shares on August 14 at $241.64 for $496,087. Director Jeffrey R Immelt sold 30,000 shares on August 17, 2026, at $238.91 totaling $7,167,300.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 2, 2026, Barclays maintained its Equal-Weight rating while lifting its target from $276.00 to $308.00. UBS maintained a Buy rating on October 7, 2026, raising its target from $325.00 to $350.00. Bernstein reiterated a Market Perform rating on October 7 with an unchanged target of $282.00. Baird maintained an Outperform rating on October 15, 2026, raising its target from $310.00 to $351.00. Truist Securities maintained a Hold rating on October 16, 2026, moving its target from $218.00 to $240.00. Across the broader analyst community, the stock carries a consensus buy rating with a mean target price of $286.70 across 26 analysts.
About Bloom Energy
Bloom Energy Corporation designs and manufactures solid oxide fuel cell systems to generate on-site power for industrial and commercial customers. Its core server platform converts fuels like natural gas, biogas, and hydrogen into electricity through non-combustion electrochemical reactions. The enterprise also builds electrolyzers to produce clean hydrogen, positioning it within the alternative energy equipment sector.
Bottom Line
Investors will watch the upcoming earnings report to see how on-site power generation demand translates into revenue growth. Further institutional disclosures will clarify whether larger funds continue trimming or accumulating shares in the electrical equipment maker.
Related Filing Alerts
Source: Pinnacle Associates's 13F filing on $BE (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts