Bloom Energy kept drawing fresh money from large investors in the fourth quarter, even as its shares opened Monday at $277.48 and hovered near the top of their 52-week range. World Investment Advisors bought 12,795 shares of the fuel-cell maker, while Meridian Wealth Management LLC, Proem Advisors LLC, Bailard Inc., Tsfg LLC and AG2R LA Mondiale Gestion D Actifs also added to or opened positions.
The new stakes were not small. World Investment Advisors valued its Bloom Energy holding at about $1.112 million, Meridian’s position was worth $643,000 after it added 854 shares, Proem Advisors’ new stake was valued at roughly $3.918 million, Bailard’s at $607,000, Tsfg’s at $1.301 million after buying 2,346 more shares, and AG2R LA Mondiale Gestion D Actifs disclosed a new position worth about $1.144 million. Institutional investors now own 77.04% of Bloom Energy stock, a sign that professional buyers remain heavily engaged even after the share price’s sharp run.
Bloom Energy’s latest earnings help explain why. The company reported $0.44 in earnings per share for the quarter ended April 28, topping the consensus estimate of $0.12 by $0.32, and revenue came in at $751.05 million, well above the $539.94 million analysts expected. Revenue rose 130.4% from a year earlier, and the company said it expects FY 2026 EPS of 1.850 to 2.250. Sell-side analysts currently forecast 1.31 EPS for the fiscal year.
The numbers, though, also show how stretched the stock has become. Bloom Energy has a market capitalization of $78.93 billion, a beta of 3.82, a quick ratio of 4.10 and a current ratio of 5.03, but also a debt-to-equity ratio of 2.90 and a price-to-earnings ratio of -5,548.57. Its 50-day moving average sits at $193.91 and its 200-day moving average at $149.43, below Monday’s open, while the 12-month range runs from $17.01 to $310.00.
That backdrop makes the insider sales harder to ignore. Aman Joshi sold 19,944 shares on March 16 at an average price of $154.85, for $3,088,328.40, and Shawn Marie Soderberg sold 35,000 shares on April 29 at $279 apiece, for $9,765,000.00. Joshi still directly owned 190,521 shares after the sale, while Soderberg held 341,731 shares, but both transactions reduced their stakes.
For now, Bloom Energy is being treated by institutions as a growth story with real momentum, not a cheap stock. The question for the next stretch is whether the latest earnings power can keep pace with a valuation that has already moved far ahead of where it stood earlier this year.
