Wealthfront Advisers 13F: Adds $37M to Bloom Energy (BE) Stake

Wealthfront Advisers Expands Holdings in Bloom Energy

Wealthfront Advisers significantly grew its footprint in Bloom Energy Corporation NYSE: BE, according to a Form 13F filing filed with the SEC for the period ended May 5, 2026. The automated advisory firm raised its investment by 3,722.7%, purchasing an additional 109,378 shares. That move brought its total holdings to 112,316 shares, with an estimated value of $37.8 million at the time of the report.

Inside the Wealthfront Position Update

Prior to the filing, the advisory firm held just 2,938 shares of the clean energy equipment maker. The sharp addition reflects a major portfolio adjustment by the automated asset manager, which typically builds diversified holdings across various equities. Because 13F filings look backward at past quarters, this snapshot captures portfolio choices made as of May 5, 2026, and might not reflect the firm's current share count today.

Bloom Energy Stock Momentum

The shares trade around $336.75, keeping the price well above its 50-day moving average of $248.74 and its 200-day moving average of $214.89. The company carries a market capitalization of roughly $69.6 billion alongside a forward P/E ratio of 47.9. The stock has moved within a 52-week range spanning from a low of $75.70 to a high of $351.28.

Wall Street Analyst Outlook

Financial institutions have kept a close eye on the fuel cell maker, with several updating their targets recently. On October 16, 2026, Truist Securities maintained a hold rating while lifting its target to $240.00 from $218.00. Baird kept an outperform rating on October 15, 2026, raising its target to $351.00 from $310.00. UBS maintained a buy rating on October 7, 2026, with a target of $350.00, while Bernstein reiterated a market perform rating at $282.00 on the same day. Barclays maintained an equal-weight rating with a target of $308.00 on October 2, 2026, and Jefferies kept a hold rating at $264.00 on September 29, 2026. RBC Capital maintained an outperform rating at $335.00 on September 28, 2026. Across 26 analyst opinions, the stock holds a consensus buy recommendation with a mean price target of $284.58.

Powering On-Site Energy Generation

Headquartered in San Jose, California, Bloom Energy Corporation builds solid oxide fuel systems that convert fuels like natural gas, biogas, and hydrogen into electricity through a non-combustion process. The company also produces electrolyzers to generate clean hydrogen. Its power servers serve utilities, data centers, hospitals, and manufacturing facilities seeking reliable on-site electricity.

Looking Ahead at Institutional Filings

Investors tracking institutional flows will wait for subsequent regulatory disclosures to see if Wealthfront Advisers continues to expand its position. The company's next earnings report, scheduled for October 22, 2026, will provide further clues on revenue growth and operational scaling.