Rakuten Securities Inc. Raises Holdings in Bloom Energy Corporation $BE

Rakuten Securities Inc. boosted its stake in Bloom Energy Corporation (NYSE:BE) by 71.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,690 shares of the company’s stock after buying an additional 3,216 shares during the quarter. Rakuten Securities Inc.’s holdings in Bloom Energy were worth $668,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. WPG Advisers LLC increased its position in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy in the third quarter valued at $32,000. Fifth Third Bancorp purchased a new stake in shares of Bloom Energy in the third quarter valued at $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Transactions at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer owned 2,189,869 shares in the company, valued at approximately $372,277,730. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 19,944 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the sale, the insider directly owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 455,092 shares of company stock valued at $78,564,475. 3.60% of the stock is currently owned by company insiders.

Bloom Energy Trading Up 3.6%

Shares of BE opened at $237.99 on Friday. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $66.77 billion, a P/E ratio of -626.28, a price-to-earnings-growth ratio of 9.23 and a beta of 3.18. The stock’s fifty day simple moving average is $161.80 and its 200 day simple moving average is $132.27. Bloom Energy Corporation has a twelve month low of $16.05 and a twelve month high of $241.60.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities research analysts forecast that Bloom Energy Corporation will post 1 earnings per share for the current year.

Analyst Ratings Changes

BE has been the subject of several analyst reports. UBS Group boosted their target price on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho raised their price target on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Evercore reiterated an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Bloom Energy to $231.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Finally, TD Cowen raised their target price on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.86.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.