Intech Investment Management Reduces $7M in Bloom Energy Corporation ($BE)

Intech Investment Management has reduced its position in Bloom Energy Corporation (NYSE: BE), according to its latest Form 13F filing with the SEC. The fund cut its holdings by 20.5%, selling 26,855 shares and leaving it with 104,048 shares valued at approximately $27.8 million as of the reporting period.

What Changed in Intech Investment Management's Bloom Energy Position

Intech Investment Management trimmed its stake in Bloom Energy significantly. The firm previously held 130,903 shares and reduced this number by 26,855 shares, resulting in a new total of 104,048 shares. This move decreased their position by 20.5% in the company.

Other Institutional Activity in Bloom Energy

Several other institutional investors have also adjusted their positions in Bloom Energy. BlackRock, Inc. increased its holdings by 903,550 shares, bringing its total to 25,060,806 shares valued at about $3.4 billion. On the other hand, Ameriprise Financial Inc reduced its stake by 5,756,976 shares, now holding 22,889,027 shares worth approximately $3.1 billion. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated positions, each holding 12,829,781 and 11,796,818 shares, respectively. Goldman Sachs Group Inc saw a significant increase, adding 7,094,268 shares to total 9,120,513 shares valued at $1.2 billion.

Bloom Energy Stock Snapshot

Shares of Bloom Energy Corporation (NYSE: BE) recently traded near $267.59. The company has a market capitalization of approximately $74 billion and a forward P/E ratio of 59.8. With a beta of 3.746, the stock has experienced a 52-week range between $20.93 and $322.83. Its 50-day moving average is $249.00, while the 200-day moving average stands at $149.28. The company maintains a current ratio of 5.03 and a quick ratio of 3.98, with a debt-to-equity ratio of 311.48.

Recent Earnings

Bloom Energy reported revenue of $2.45 billion with a growth rate of 1.3%. The company has a net margin of 0.25% and a return on equity of 1.29%. Although it posted a negative EPS of -$0.05, Bloom Energy's next earnings announcement is scheduled for April 28, 2026.

Insider Buying and Selling at Bloom Energy Corporation

Insider activity at Bloom Energy saw John Chambers execute a planned sale of 55,000 shares on May 28, 2026, at an average price of $297.69. Earlier in May, several insiders, including Eddy Zervigon, John Chambers, Cynthia Warner, Jeffrey Immelt, and Gary Pinkus, each acquired 1,063 shares, though these transactions were not planned.

Analysts Set New Price Targets

Analysts have maintained their ratings on Bloom Energy with several firms updating their price targets. On May 12, 2026, Barclays maintained a hold rating with a price target of $254. Citigroup also maintained a hold rating with a target of $281 on April 30. On April 29, JP Morgan and RBC Capital both maintained buy ratings, with targets of $267 and $335, respectively. The consensus among 24 analysts is a buy recommendation, with an average target price of $263.13.

About Bloom Energy

Bloom Energy Corporation, headquartered in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. The company offers the Bloom Energy Server, which converts fuels like natural gas and hydrogen into electricity using a non-combustion process. Bloom Energy serves a wide range of industries, including utilities, data centers, and healthcare, through both direct and indirect sales channels. Founded in 2001, the company is led by CEO Dr. K. R. Sridhar and employs around 2,000 people.

Bottom Line

Intech Investment Management's decision to reduce its stake in Bloom Energy by over 20% is noteworthy and reflects ongoing adjustments in institutional holdings. Investors often track such filings for insights into institutional sentiment. As always, remember that 13F filings are backward-looking and may not reflect current positions.