Park Avenue Securities LLC grew its stake in Bloom Energy Corporation (NYSE:BE – Free Report) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,685 shares of the company’s stock after buying an additional 5,912 shares during the period. Park Avenue Securities LLC’s holdings in Bloom Energy were worth $19,301,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in BE. Continuum Advisory LLC acquired a new position in shares of Bloom Energy in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in Bloom Energy in the 3rd quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. raised its stake in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Markowski Investments purchased a new stake in Bloom Energy during the 2nd quarter valued at about $37,000. Finally, Ramsey Quantitative Systems purchased a new stake in Bloom Energy during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Insiders Place Their Bets
In other news, Director Jeffrey Immelt sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the sale, the director owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider directly owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. This trade represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 89,698 shares of company stock worth $21,780,758. Corporate insiders own 3.00% of the company’s stock.
Bloom Energy Stock Up 5.5%
Bloom Energy stock opened at $203.91 on Tuesday. The firm has a market cap of $60.06 billion, a price-to-earnings ratio of 125.10, a price-to-earnings-growth ratio of 2.50 and a beta of 3.77. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. The business’s 50-day moving average price is $247.73 and its 200 day moving average price is $217.94. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.15 earnings per share. Bloom Energy’s quarterly revenue was up 138.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current year.
Bloom Energy News Roundup
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Barclays raised its price target for Bloom Energy to $316 from $308, helping restore confidence after the earnings-related decline. The broader rally in AI power stocks also supported BE. Bloom Energy Soars 7% on Barclays Price Target Hike After Post-Earnings Rout
- Positive Sentiment: Investors continue to view Bloom’s solid-oxide fuel cells as a potential solution for data centers that need power faster than traditional grid connections can provide. Rising AI-related electricity demand is reinforcing the company’s growth narrative. Where Will Bloom Energy Stock Be in 5 Years?
- Positive Sentiment: Bloom’s latest quarterly results substantially exceeded expectations: revenue rose 138% year over year to $1.24 billion, while earnings reached $0.94 per share versus a $0.69 consensus estimate. Operating margins also expanded, and the company raised full-year guidance. Bloom Energy Corporation 2026 Q3 Results
Wall Street Analyst Weigh In
BE has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 price objective on shares of Bloom Energy in a research note on Friday. Sanford C. Bernstein lifted their target price on Bloom Energy from $282.00 to $306.00 and gave the stock a “market perform” rating in a report on Friday. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research report on Monday. KeyCorp reiterated a “sector weight” rating on shares of Bloom Energy in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.00.
Read Our Latest Research Report on Bloom Energy
Bloom Energy Company Profile
Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.
The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.
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