Swedbank AB acquired a new position in Bloom Energy Corporation (NYSE:BE – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 48,032 shares of the company’s stock, valued at approximately $4,174,000.
Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC grew its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Fifth Third Bancorp purchased a new position in Bloom Energy in the third quarter valued at about $32,000. Parkside Financial Bank & Trust boosted its stake in Bloom Energy by 250.9% in 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. Lodestone Wealth Management LLC purchased a new position in Bloom Energy in the fourth quarter valued at about $43,000. Finally, TFC Financial Management Inc. boosted its stake in Bloom Energy by 56,600.0% in the fourth quarter. TFC Financial Management Inc. now owns 567 shares of the company’s stock valued at $49,000 after acquiring an additional 566 shares during the last quarter. 77.04% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on BE shares. China Renaissance started coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price on the stock. Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a research note on Tuesday, April 14th. Evercore reiterated an “outperform” rating and issued a $179.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Roth Mkm set a $225.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.
Insider Buying and Selling at Bloom Energy
In related news, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 270,027 shares of company stock valued at $55,319,814 in the last quarter. Corporate insiders own 3.00% of the company’s stock.
Bloom Energy Stock Down 0.0%
BE opened at $302.42 on Wednesday. The company has a 50 day moving average of $212.84 and a 200 day moving average of $157.16. The company has a market cap of $86.02 billion, a PE ratio of -6,047.19 and a beta of 3.82. Bloom Energy Corporation has a 12 month low of $18.12 and a 12 month high of $322.83. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.
Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current year.
Bloom Energy Profile
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.
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