Citizens Financial Group Inc. RI bought a new stake in shares of Bloom Energy Corporation (NYSE:BE – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,588 shares of the company’s stock, valued at approximately $486,000.
Other hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC grew its holdings in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Fifth Third Bancorp bought a new position in Bloom Energy during the 3rd quarter valued at about $32,000. N.E.W. Advisory Services LLC bought a new position in Bloom Energy during the 3rd quarter valued at about $32,000. Parkside Financial Bank & Trust grew its holdings in Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in Bloom Energy during the 4th quarter valued at about $43,000. 77.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday. BTIG Research upped their price target on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, TD Cowen upped their price target on shares of Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.81.
Insider Activity at Bloom Energy
In related news, insider Aman Joshi sold 19,944 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction 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. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 490,092 shares of company stock valued at $88,329,475 over the last 90 days. 3.00% of the stock is currently owned by insiders.
Bloom Energy Price Performance
Shares of BE stock opened at $288.11 on Tuesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The company has a market capitalization of $80.83 billion, a P/E ratio of -5,761.11 and a beta of 3.82. The company’s 50-day simple moving average is $172.25 and its two-hundred day simple moving average is $138.39. Bloom Energy Corporation has a one year low of $16.05 and a one year high of $302.99.
Bloom Energy (NYSE:BE – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million for 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%. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts anticipate 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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