Valliance Asset Management Ltd acquired a new position in shares of Bloom Energy Corporation (NYSE:BE – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 88,000 shares of the company’s stock, valued at approximately $7,646,000. Bloom Energy accounts for about 3.2% of Valliance Asset Management Ltd’s holdings, making the stock its 9th biggest position.
Other hedge funds also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new position in shares of Bloom Energy during the third quarter worth about $1,825,000. Strs Ohio grew its holdings in shares of Bloom Energy by 24.8% during the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after purchasing an additional 8,200 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Bloom Energy during the third quarter worth about $1,985,000. Fortem Financial Group LLC purchased a new position in shares of Bloom Energy during the fourth quarter worth about $369,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in shares of Bloom Energy during the third quarter worth about $1,691,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Insider Buying and Selling
In other Bloom Energy news, insider Satish Chitoori sold 2,111 shares of Bloom Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.24, for a total value of $608,474.64. Following the sale, the insider owned 210,254 shares of the company’s stock, valued at approximately $60,603,612.96. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares in the company, valued at $70,949,350.77. This represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 247,262 shares of company stock worth $59,700,045 in the last three months. Company insiders own 3.00% of the company’s stock.
Bloom Energy News Roundup
- 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 Upgrades and Downgrades
Several brokerages have issued reports on BE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Wells Fargo & Company raised their price objective on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a report on Wednesday. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Roth Mkm set a $225.00 price target on Bloom Energy in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.48.
Check Out Our Latest Research Report on BE
Bloom Energy Stock Performance
NYSE BE opened at $260.39 on Monday. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. Bloom Energy Corporation has a 52-week low of $20.93 and a 52-week high of $322.83. The business’s 50-day moving average price is $246.21 and its 200 day moving average price is $171.72. The firm has a market cap of $74.07 billion, a P/E ratio of -5,206.80 and a beta of 3.74.
Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.
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.
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