Eleva Capital SAS Buys 3,801 Shares of Bloom Energy Corporation $BE

Eleva Capital SAS purchased a new position in Bloom Energy Corporation (NYSE:BE – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,801 shares of the company’s stock, valued at approximately $1,053,000. Bloom Energy comprises 0.9% of Eleva Capital SAS’s investment portfolio, making the stock its 24th largest position.

Several other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its stake in Bloom Energy by 46.0% during the third quarter. Central Pacific Bank Trust Division now owns 4,857 shares of the company’s stock worth $1,345,000 after buying an additional 1,531 shares in the last quarter. Eastern Bank increased its stake in Bloom Energy by 157.7% in the third quarter. Eastern Bank now owns 2,165 shares of the company’s stock valued at $600,000 after acquiring an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Bloom Energy by 13.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after acquiring an additional 43 shares during the period. GoalVest Advisory LLC raised its position in Bloom Energy by 13,843.2% in the third quarter. GoalVest Advisory LLC now owns 18,405 shares of the company’s stock worth $54,000 after purchasing an additional 18,273 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Bloom Energy by 64.0% in the third quarter. Versant Capital Management Inc now owns 569 shares of the company’s stock worth $158,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Trading Up 3.5%

NYSE:BE traded up $10.02 on Tuesday, hitting $296.67. 6,266,078 shares of the stock were exchanged, compared to its average volume of 12,953,869. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. The stock has a market capitalization of $87.38 billion, a price-to-earnings ratio of 395.63, a P/E/G ratio of 3.70 and a beta of 3.77. The company’s 50-day moving average price is $239.54 and its 200 day moving average price is $239.48.

Bloom Energy (NYSE:BE – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same quarter last year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts forecast that Bloom Energy Corporation will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BE shares. Mizuho lifted their price objective on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and an average price target of $257.18.

Read Our Latest Report on Bloom Energy

Insider Buying and Selling

In other news, insider Shawn Soderberg sold 2,895 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the transaction, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the transaction, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Bloom Energy Company Profile

(Free Report)

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

See Also

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).

Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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.