Teamwork Financial Advisors LLC bought a new position in shares of Bloom Energy Corporation (NYSE:BE – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,218 shares of the company’s stock, valued at approximately $1,722,000.
Several other hedge funds also recently made changes to their positions in BE. Jennison Associates LLC boosted its stake in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the period. Bank of America Corp DE increased its stake in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bloom Energy by 78.3% during 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 worth $401,849,000 after acquiring an additional 583,135 shares during the period. Elemental Capital Partners LLC increased its stake in Bloom Energy by 2.5% during the 3rd 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 period. Finally, Bank of New York Mellon Corp acquired a new position in Bloom Energy in the 2nd quarter valued at $296,413,000. 77.04% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Monday, September 28th. Finally, Susquehanna upped their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.05.
Get Our Latest Stock Analysis on Bloom Energy
Bloom Energy Price Performance
NYSE:BE traded up $4.55 during mid-day trading on Monday, reaching $225.86. The stock had a trading volume of 9,940,285 shares, compared to its average volume of 13,011,356. Bloom Energy Corporation has a 12 month low of $75.70 and a 12 month high of $351.28. The stock has a market capitalization of $66.52 billion, a PE ratio of 301.15, a P/E/G ratio of 2.86 and a beta of 3.77. 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 stock has a 50-day simple moving average of $249.30 and a two-hundred day simple moving average of $246.99.
Bloom Energy (NYSE:BE – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company’s quarterly revenue was up 165.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current year.
Insider Activity at Bloom Energy
In related news, Director John Chambers sold 15,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director directly owned 208,333 shares in the company, valued at $52,083,250. This represents a 6.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 89,698 shares of company stock worth $21,780,758 in the last three months. Insiders own 3.00% of the company’s stock.
Bloom Energy Profile
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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