BlackRock Amends Bloom Energy Stake, Maintains Passive Position

Ticker: BE · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, form-13g

TL;DR

**BlackRock still owns Bloom Energy stock, showing they're sticking with it.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, reporting its ownership of Bloom Energy Corp.'s Class A Common Stock as of December 31, 2023. This filing, Amendment No. 4, indicates BlackRock's continued significant, but passive, investment in Bloom Energy. This matters to investors because BlackRock is a major institutional investor, and its sustained position suggests confidence in Bloom Energy's long-term prospects, potentially signaling stability to other shareholders.

Why It Matters

BlackRock's continued passive ownership in Bloom Energy signals its ongoing confidence in the company, which can reassure other investors about the stock's stability and future potential.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate new risks or significant changes in strategy.

Analyst Insight

Investors should view this as a routine update from a large institutional holder. While it doesn't signal new buying or selling, BlackRock's continued presence suggests a baseline level of institutional confidence in Bloom Energy, which can be a positive long-term indicator.

Key Players & Entities

BlackRock Inc. (company) — the reporting person and institutional investor
Bloom Energy Corp. (company) — the subject company whose securities are being reported
December 31, 2023 (date) — the date of the event requiring the filing
January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Class A Common Stock (other) — the type of securities held by BlackRock

FAQ

What type of filing is this and what does it indicate?

This is an SC 13G/A filing, specifically Amendment No. 4. It indicates that BlackRock Inc. is updating its previously reported beneficial ownership of Bloom Energy Corp.'s Class A Common Stock, maintaining a passive investment position as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major institutional investment manager with its business address at 50 Hudson Yards, New York, NY.

What is the subject company whose securities are being reported?

The subject company is Bloom Energy Corporation, an electrical industrial apparatus company located at 4353 North First Street, San Jose, CA.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, which is the end of the reporting period for the ownership stake.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors who hold more than 5% of a company's stock but do not intend to influence or control the company.

From the Filing

0001086364-24-001990.txt : 20240124 0001086364-24-001990.hdr.sgml : 20240124 20240124094641 ACCESSION NUMBER: 0001086364-24-001990 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bloom Energy Corp CENTRAL INDEX KEY: 0001664703 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 770565408 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90586 FILM NUMBER: 24554630 BUSINESS ADDRESS: STREET 1: 4353 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-543-1500 MAIL ADDRESS: STREET 1: 4353 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0937121079_012324.txt us0937121079_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) BLOOM ENERGY CORPORATION -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 093712107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 093712107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 23691137 (6) Shared voting power 0 (7) Sole dispositive power 23692100 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 23692100 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BLOOM ENERGY CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4353 NORTH FIRST STREET SAN JOSE CA 95134 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ---------