Hartline Investment Corp trimmed its position in Bloom Energy Corporation (NYSE:BE – Free Report) by 62.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,585 shares of the company’s stock after selling 2,676 shares during the period. Hartline Investment Corp’s holdings in Bloom Energy were worth $215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC boosted its holdings in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Hantz Financial Services Inc. increased its stake in Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Inc. increased its stake in Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Bloom Energy during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 77.04% of the company’s stock.
Insider Activity at Bloom Energy
In other news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the sale, the insider owned 212,365 shares in the company, valued at $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 228,617 shares of company stock worth $59,843,659 in the last quarter. Company insiders own 3.00% of the company’s stock.
Bloom Energy Price Performance
Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly 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 company 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%. Bloom Energy’s revenue was up 130.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts expect that Bloom Energy Corporation will post 1.34 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BE. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Barclays raised their price target on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Wells Fargo & Company increased their target price on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, BTIG Research raised their target price on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $238.82.
View Our Latest Research Report on BE
Key Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy and Brookfield expanded their strategic alliance to support up to $25 billion of AI power infrastructure projects, boosting the company’s growth outlook and highlighting strong demand for its fuel cell technology. Brookfield, Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
- Positive Sentiment: Market commentary says the Brookfield financing expansion could make BE look undervalued, with some analysts arguing the pullback may be an entry point if AI power demand keeps scaling. Bloom Energy Won a $25 Billion AI Power Deal. Then the Stock Fell 8%. That’s Your Entry Point.
- Neutral Sentiment: Bloom Energy also announced it will report second-quarter 2026 results on July 28, which could become the next catalyst for the stock. Bloom Energy to Announce Second Quarter 2026 Financial Results on July 28, 2026
- Negative Sentiment: Some trading reports say the stock’s recent surge in fuel-cell and hydrogen names is triggering profit-taking, which helps explain why shares have been under pressure despite the positive Brookfield news. FuelCell Energy Drops 10%, Bloom Energy Slides 8%, Plug Power Falls 5% Despite Positive News as Profit-Taking Hits Fuel Cell Stocks
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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