SCHEDULE: D. E. Shaw Amends Bloom Energy Stake, LLC Drops Below 5%
Beneficial Ownership Report
D. E. Shaw & Co. entities updated their beneficial ownership in Bloom Energy Corporation, with D. E. Shaw & Co., L.L.C. reporting a stake below 5%.
Summary
- D. E. Shaw & Co., L.P. and David E. Shaw beneficially own 12,449,304 shares of Bloom Energy Corporation's Class A Common Stock, representing 5.3% of the class.
- D. E. Shaw & Co., L.L.C. beneficially owns 11,531,897 shares, representing 4.9% of the class.
- As of September 30, 2025, D. E. Shaw & Co., L.L.C. ceased to be the beneficial owner of more than 5 percent of Bloom Energy's Class A Common Stock.
- The beneficial ownership for D. E. Shaw & Co., L.P. and David E. Shaw includes 5,781,198 shares in D. E. Shaw Valence Portfolios, L.L.C., 631,400 shares acquirable via call options, 5,107,099 shares in D. E. Shaw Oculus Portfolios, L.L.C., and 929,607 shares under D. E. Shaw Investment Management, L.L.C.
- David E. Shaw disclaims beneficial ownership of the 12,449,304 shares, attributing it to his positions as President and sole shareholder of D. E. Shaw & Co., Inc. and D. E. Shaw & Co. II, Inc., which control the reporting entities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing disclosing changes in beneficial ownership by an institutional investor, with no direct positive or negative implications for the issuer's operational performance or financial health.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Bloom Energy Corporation's future performance or operations.
Industry Context
This is a routine regulatory filing by an institutional investor, D. E. Shaw & Co., disclosing its passive beneficial ownership in Bloom Energy Corporation. Such filings provide transparency on significant shareholder positions but do not typically offer insights into broader industry trends or competitive landscape for Bloom Energy.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-Fact | Previous signatories (from March 1, 2017 Power of Attorney) | Adam Deaton, Anne Dinning, Edward Fishman, Alexis Halaby, Edwin Jager, Martin Lebwohl, Daniel Marcus, Anoop Prasad, Maximilian Stone, and David Sweet | August 1, 2024 | Update and replacement of previous Power of Attorney for regulatory filings by David E. Shaw. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | David E. Shaw, as President of D. E. Shaw & Co., Inc. and D. E. Shaw & Co. II, Inc., updated and re-issued powers of attorney to a group of employees to execute and file regulatory documents on his behalf. This replaces a prior power of attorney from March 1, 2017. | August 1, 2024 | Streamlines the process for D. E. Shaw & Co. entities to comply with SEC and other regulatory filing requirements by designating specific individuals as attorneys-in-fact. |
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership structure of a significant institutional investor in Bloom Energy Corporation.
Key Dates
| Date | Description |
|---|---|
| August 1, 2024 | Date of new Power of Attorney granted by David E. Shaw for D. E. Shaw & Co., Inc. and D. E. Shaw & Co. II, Inc., replacing previous powers granted on March 1, 2017. |
| September 30, 2025 | Date of event which required the filing of this statement, specifically when D. E. Shaw & Co., L.L.C. ceased to be a beneficial owner of more than 5% of the class of securities. |
| November 14, 2025 | Date of the Joint Filing Agreement among the Reporting Persons and the filing date of the Schedule 13G amendment. |
Keywords
Bloom Energy Corporation, BE, D. E. Shaw, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Common Stock, SEC Filing
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