State of Wisconsin Investment Board 13F: Adds $1.7M to BE Stake

The State of Wisconsin Investment Board has boosted its position in Bloom Energy Corporation (NYSE: BE), increasing its stake by 5,014 shares to a total of 117,150 shares. This change reflects a 4.5% increase in ownership, valued at about $39.5 million, based on the latest Form 13F filing with the SEC for the period ending May 15, 2026.

The fund's cost basis for its shares is $25.05. The increase in holdings indicates the State of Wisconsin Investment Board's ongoing support for Bloom Energy, which designs and manufactures solid oxide fuel cell systems for efficient power generation.

Other Institutional Activity in Bloom Energy

During the same period, other major investors adjusted their holdings in Bloom Energy as well. Goldman Sachs Group Inc. raised its stake by 4,830,194 shares, ending the quarter with 13,950,652 shares valued at approximately $3.1 billion. Meanwhile, Blackrock Inc. and Ameriprise Financial, Inc. trimmed their positions, reducing their shares by 6,618,591 and 4,753,946, respectively. Their new share totals stand at 18,442,336 shares valued at about $4.1 billion and 18,134,575 shares worth approximately $4.0 billion.

Bloom Energy Corporation Stock Up 40.7%

The stock is currently trading at $336.75, a significant rise from its previous close of $239.34, indicating strong investor interest. The shares are situated below the 52-week high of $351.28, suggesting that there may be room for further growth. The stock has performed well above its 50-day moving average of $248.74, which indicates positive momentum.

Recent Earnings

For the fiscal year, Bloom Energy reported revenues of approximately $3.11 billion, which reflects a growth of about 65.5%. The company achieved an earnings per share (EPS) of $0.69, along with a net margin of 7.87%. Bloom Energy's next earnings report is expected on October 22, 2026.

Insider Buying and Selling at Bloom Energy Corporation

In recent insider transactions at Bloom Energy, Director Jeffrey R. Immelt sold 30,000 shares at an average price of $238.91 on August 17, 2026, totaling around $7.2 million. Other insiders, including officers Aman Joshi and Satish Prabhu Chitoori, also sold shares earlier in August at prices ranging from $241.64 to $241.75.

Analysts Set New Price Targets

Baird recently maintained an Outperform rating for Bloom Energy, increasing its price target from $310 to $351 on October 15, 2026. Meanwhile, UBS reasserted its Buy rating with a target of $350, while Truist Securities kept a Hold rating with a target of $240. The consensus among analysts is to buy, with a target mean price of approximately $284.58 based on 26 analyst opinions.

About Bloom Energy

Bloom Energy Corporation focuses on designing and manufacturing fuel cell systems for on-site power generation, serving both domestic and international markets. The company is headquartered in San Jose, California, and employs over 2,200 people. Its innovative energy solutions aim to provide efficient and clean energy generation alternatives.

Bottom Line

Investors will be watching Bloom Energy closely as it approaches its next earnings date on October 22, 2026. The recent 13F filings reflect past positions of investors and may not indicate current holdings, suggesting ongoing interest in Bloom Energy’s future potential, especially given its recent share price movements and analyst support.