SCHEDULE: Ameriprise Financial Reports 20% Stake in Bloom Energy

Ameriprise Financial, Inc. and its affiliates have disclosed a significant passive ownership stake in Bloom Energy Corp, totaling 20.0% of Class A Common Stock as of June 30, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) reported beneficial ownership of 46,833,019 shares of Bloom Energy Corp Class A Common Stock, representing 20.0% of the class.
• Columbia Management Investment Advisers, LLC (CMIA), a subsidiary of AFI, reported beneficial ownership of 45,096,840 shares, representing 19.3% of the class.
• Columbia Seligman Technology and Information Fund (Fund), advised by CMIA, reported beneficial ownership of 28,699,298 shares, representing 12.3% of the class.
• AFI and CMIA's reported ownership includes shares held by the Fund and other managed accounts, with AFI being the parent holding company of CMIA.
• The filing is an Amendment No. 7 to a Schedule 13G, indicating a passive investment intent and not for the purpose of changing or influencing control of Bloom Energy Corp.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a neutral sentiment as it primarily provides factual information without significant positive or negative implications for the company's operational or financial performance.

Positives

• Continued significant institutional ownership by Ameriprise Financial and its affiliates, indicating long-term passive investment interest in Bloom Energy Corp.

Risks

• The beneficial ownership reported is passive and not intended to influence control, meaning these entities may not actively intervene in company management or strategic direction.
• The reported ownership percentages are as of June 30, 2025, and may have changed subsequently.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Bloom Energy Corp's future performance or operations.

Industry Context

This filing reflects a routine disclosure of significant passive institutional investment in a publicly traded company within the energy sector, specifically a company focused on fuel cell technology. It does not provide insights into broader industry trends or competitive dynamics beyond the investment decision of the reporting entities.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holders and their passive investment intent, which can influence market perception of stability and institutional confidence.

Key Dates

Keywords

Bloom Energy, Ameriprise Financial, Columbia Management, Institutional Ownership, BE, Fuel Cell, Clean Energy, Investment, Schedule 13G, Passive Investment