Gulf International Bank UK Ltd purchased a new position in Bloom Energy Corporation (NYSE:BE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,234 shares of the company’s stock, valued at approximately $976,000.
A number of other large investors also recently bought and sold shares of BE. WPG Advisers LLC boosted its stake 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 acquiring an additional 67 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $32,000. NewEdge Advisors LLC lifted its holdings 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 purchasing an additional 1,626 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter worth approximately $43,000. 77.04% of the stock is owned by hedge funds and other institutional investors.
Bloom Energy Price Performance
Shares of BE opened at $284.48 on Friday. Bloom Energy Corporation has a twelve month low of $18.12 and a twelve month high of $322.83. The company has a market capitalization of $80.92 billion, a P/E ratio of -5,688.50 and a beta of 3.82. The firm has a 50 day moving average of $220.81 and a 200 day moving average of $160.23. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.
Key Headlines Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy continues to get bullish attention from analysts and media, including a recent Daiwa upgrade to Outperform with a $324 price target, citing an inflection in orders, capacity, and margins. Here’s Why Bloom Energy (BE) Is Among the Best Future Stocks to Buy Right Now
- Positive Sentiment: Recent commentary also highlights Bloom Energy’s strong growth outlook, with articles pointing to rising interest in its fuel-cell technology and improving earnings potential. Bloom Energy: Spare Capacity May Lead To Surging EPS Growth
- Neutral Sentiment: Several comparison pieces versus FuelCell Energy kept Bloom in the spotlight, with analysts favoring BE’s estimate upgrades and return on invested capital over FCEL’s lower leverage. Bloom Energy vs. FuelCell Energy: Which Clean Energy Stock Leads?
- Negative Sentiment: The main driver of weakness appears to be profit-taking after a steep recent move, as traders unwind positions tied to the AI data-center power-demand theme. Bloom Energy Stock Is Sliding: What’s Driving The Move?
- Negative Sentiment: Another note from Thursday said BE was already slipping as investors reassessed how much upside was left after the recent surge. What’s Going On With Bloom Energy Stock Today?
Insiders Place Their Bets
In other news, insider Shawn Marie Soderberg sold 35,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the transaction, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. This represents a 9.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the sale, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. The trade was a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 268,777 shares of company stock worth $55,112,564 over the last three months. Company insiders own 3.00% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on BE shares. Susquehanna raised their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Mizuho set a $285.00 target price on Bloom Energy in a report on Friday, May 1st. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Finally, BTIG Research lifted their price target on Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $217.48.
Bloom Energy Company 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.
Read More
- Five stocks we like better than Bloom Energy
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE – Free Report).
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.
