RWQ Financial Management Services Inc. bought a new position in shares of Bloom Energy Corporation (NYSE:BE – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,745 shares of the company’s stock, valued at approximately $3,253,000. Bloom Energy accounts for 1.8% of RWQ Financial Management Services Inc.’s holdings, making the stock its 22nd biggest holding.
Several other large investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bloom Energy by 78.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares during the period. Jennison Associates LLC lifted its holdings in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after acquiring an additional 2,673,710 shares during the period. Bank of America Corp DE lifted its holdings in shares of Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after acquiring an additional 126,649 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Bloom Energy during the 2nd quarter worth about $296,413,000. Finally, Elemental Capital Partners LLC boosted its position in shares of Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock worth $287,791,000 after acquiring an additional 25,625 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BE. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. TD Cowen raised shares of Bloom Energy to a “hold” rating in a research note on Monday, October 5th. Wells Fargo & Company decreased their price target on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, UBS Group lifted their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus price target of $260.05.
Get Our Latest Report on Bloom Energy
Insiders Place Their Bets
In other Bloom Energy news, insider Shawn Soderberg sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the transaction, the insider directly owned 126,500 shares in the company, valued at $34,163,855. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was 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 represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $21,780,758. 3.00% of the stock is owned by insiders.
Bloom Energy Stock Up 1.7%
BE traded up $3.69 on Monday, reaching $225.00. The company’s stock had a trading volume of 6,631,275 shares, compared to its average volume of 12,993,721. The stock has a market cap of $66.27 billion, a price-to-earnings ratio of 299.96, a price-to-earnings-growth ratio of 2.86 and a beta of 3.77. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The business’s 50 day moving average is $249.30 and its 200 day moving average is $246.99.
Bloom Energy (NYSE:BE – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. Bloom Energy’s quarterly revenue was up 165.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, research analysts forecast that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.
About Bloom Energy
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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