Fifth Lane Capital LP acquired a new position in shares of Bloom Energy Corporation (NYSE:BE – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $348,000.
Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC increased its position in Bloom Energy by 26.4% during 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. Hantz Financial Services Inc. increased its position in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Bloom Energy during the 4th quarter worth approximately $28,000. Fifth Third Bancorp acquired a new position in Bloom Energy during the 3rd quarter worth approximately $32,000. Finally, McMillan Office Inc. acquired a new position in Bloom Energy during the 4th quarter worth approximately $37,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.
Bloom Energy Trading Up 4.6%
NYSE:BE opened at $260.39 on Friday. The firm’s fifty day moving average is $246.21 and its 200-day moving average is $171.19. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy Corporation has a 52 week low of $20.93 and a 52 week high of $322.83. The firm has a market cap of $74.07 billion, a P/E ratio of -5,206.80 and a beta of 3.73.
Insider Buying and Selling
In other news, insider Aman Joshi sold 4,813 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $288.20, for a total value of $1,387,106.60. Following the sale, the insider directly owned 175,708 shares of the company’s stock, valued at approximately $50,639,045.60. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,111 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $288.24, for a total transaction of $608,474.64. Following the completion of the sale, the insider directly owned 210,254 shares in the company, valued at approximately $60,603,612.96. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 323,777 shares of company stock worth $71,485,514. Corporate insiders own 3.00% of the company’s stock.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for reliable power to support AI data centers, with commentary pointing to its fuel-cell technology as a solution for grid-constrained projects and a reason traders are re-entering the name. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
- Positive Sentiment: Recent coverage says Bloom Energy continues to stand out in the renewable-energy group, with strong earnings performance helping support the bullish case and reinforcing its growth momentum versus peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
- Neutral Sentiment: Bloom Energy’s stock has already delivered an enormous multi-year gain, and one article questions whether there is still upside left after the rally, which may be encouraging some investors to reassess valuation rather than chase the stock. Bloom Energy (BE) Stock After 13x Three Year Surge Is There Still Upside Potential
- Neutral Sentiment: One bearish note downgraded Bloom Energy to hold, arguing that AI enthusiasm may be running ahead of fundamentals, which adds caution but does not point to a major business setback. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
- Negative Sentiment: Coverage also notes that Bloom Energy has pulled back from a recent peak, and that a paused data-center project tied to Crusoe raises a near-term reminder that some AI-power demand could be delayed even if the longer-term thesis remains intact. BE Stock Recovers After 10% Selloff: Morgan Stanley Says Crusoe Project Pause Does Not Break AI Power Thesis
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. BTIG Research upped their price objective on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Jefferies Financial Group raised shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.48.
View Our Latest Stock Report on BE
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.
See Also
- Five stocks we like better than Bloom Energy
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
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.
