State of Michigan Retirement System 13F: New $20M Stake in BE
Key Points
- The State of Michigan Retirement System now holds 74,000 shares of Bloom Energy, representing about 0.19% of its total portfolio.
- Bloom Energy shares recently traded around $218.49, which is about equal to the closing price of $218.50 on the filing date.
- This new position adds to the State of Michigan Retirement System's diverse portfolio, which includes 966 reported positions.
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On October 27, 2026, the State of Michigan Retirement System took a new position of 74,000 shares in Bloom Energy Corporation (BE), valued at approximately $20,496,520. This information comes from the fund's latest Form 13F filing with the SEC.
BE
Bloom Energy Corporation
What Changed in State of Michigan Retirement System's Bloom Energy Position
The State of Michigan Retirement System opened a new position in Bloom Energy, acquiring 74,000 shares. This is a significant move, as it now represents 0.19% of the fund's total reported value of about $11.02 billion.
Where Bloom Energy Fits in State of Michigan Retirement System's Portfolio
The new stake ranks 35th out of 966 positions in the fund's portfolio. This addition is notable as it adds a fresh component to their investment strategy, with a total reported value of $20,496,520 in Bloom Energy shares.
Bloom Energy Corporation Stock Up 13.0%
Bloom Energy shares closed at $218.50 on October 27, 2026, which is about equal to the recent trading price of $218.49 as of October 28, 2026. The stock is currently trading below its 50-day moving average by about 11.8% and is 37.8% off its 52-week high of $351.28.
Recent Earnings
For the trailing twelve months, Bloom Energy reported revenue of approximately $3.83 billion and an earnings per share (EPS) of $1.74. The next earnings report is scheduled for February 4, 2027.
Insider Buying and Selling at Bloom Energy Corporation
Recently, several insiders sold shares in Bloom Energy. For example, on August 14, 2026, Officer Aman Joshi sold 4,677 shares at an average price of $241.75, totaling about $1,130,665.
Analysts Set New Price Targets
On October 23, 2026, JP Morgan maintained an Overweight rating with a price target of $292. RBC Capital reiterated an Outperform rating with a target of $335. The consensus among analysts suggests a strong outlook for the stock, with a mean price target of $284.77 based on 26 opinions.
About Bloom Energy
Bloom Energy Corporation designs and sells solid oxide fuel cell systems for on-site power generation. It aims to provide cleaner energy solutions through its innovative products, including the Bloom Energy Server and Bloom Electrolyzer.
Bottom Line
Investors should keep an eye on Bloom Energy's performance leading up to its next earnings report on February 4, 2027. The new position taken by the State of Michigan Retirement System could indicate growing confidence in the company's long-term prospects.
Related Filing Alerts
Source: State of Michigan Retirement System's 13F filing on $BE (Oct 27, 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