Pictet Asset Management Holding SA reduced its stake in Bloom Energy Corporation (NYSE:BE – Free Report) by 7.7% during the 1st quarter, HoldingsChannel reports. The firm owned 226,316 shares of the company’s stock after selling 18,879 shares during the period. Pictet Asset Management Holding SA’s holdings in Bloom Energy were worth $30,647,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of BE. Blue Trust Inc. grew its position in Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Godsey & Gibb Inc. raised its position in Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. CENTRAL TRUST Co raised its position in Bloom Energy by 10,000.0% during the 1st quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after buying an additional 300 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the period. Finally, WPG Advisers LLC lifted its stake in shares of Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Bloom Energy Stock Performance
NYSE:BE opened at $302.41 on Wednesday. The firm’s fifty day simple moving average is $278.07 and its 200-day simple moving average is $188.33. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The stock has a market cap of $86.02 billion, a PE ratio of -6,047.03 and a beta of 3.73. Bloom Energy Corporation has a fifty-two week low of $21.52 and a fifty-two week high of $351.28.
Analyst Upgrades and Downgrades
BE has been the topic of a number of recent analyst reports. Mizuho set a $285.00 price target on shares of Bloom Energy in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Susquehanna lifted their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a research report on Thursday, May 28th. Finally, Barclays increased their target price on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.36.
Check Out Our Latest Report on BE
Insider Buying and Selling
In other news, 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 transaction of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares in the company, valued at $95,342,949. This trade represents a 9.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 220,274 shares of company stock valued at $57,337,672 in the last 90 days. 3.00% of the stock is owned by corporate insiders.
Key Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy and Brookfield expanded their strategic AI infrastructure partnership, increasing the financing framework from $5 billion to $25 billion. The fivefold increase signals much stronger demand for Bloom Energy’s fuel-cell power solutions and could support a larger project pipeline globally. Article title: Brookfield and Bloom Energy Expand AI Infrastructure Partnership to 25 Billion
- Positive Sentiment: The stock has also been boosted by broader enthusiasm around Bloom Energy as an AI power play, with recent coverage highlighting accelerating revenue growth, expanding backlog, and rising demand for behind-the-meter power from data centers. Article title: The Time To Power Signal The Market Missed In Bloom Energy Stock
- Positive Sentiment: Bloom Energy is getting additional support from market momentum and index-related buying after reports that it was set to join the Russell 1000 index, which can attract passive investment flows. Article title: Bloom Energy stock is climbing Monday: What’s driving the move?
- Neutral Sentiment: Analyst and commentary pieces have been mixed, with some writers calling Bloom Energy’s valuation stretched even as others remain bullish on its AI infrastructure role. This does not add a clear near-term catalyst by itself. Article title: Bloom Energy: AI Boom Has Pushed It Precariously Close To The Cliff
- Negative Sentiment: Some coverage warns that expectations may be running very high after the stock’s huge run-up, which could make BE vulnerable if growth or deal execution slows. Article title: Bloom Energy’s Momentum Fatigue Plays Out, AI Trade Too Hot To Handle
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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