Blair William & Co. IL Buys 437 Shares of Bloom Energy Corporation $BE

Blair William & Co. IL grew its stake in shares of Bloom Energy Corporation (NYSE:BE) by 2.8% in the second quarter, HoldingsChannel.com reports. The firm owned 16,246 shares of the company’s stock after purchasing an additional 437 shares during the period. Blair William & Co. IL’s holdings in Bloom Energy were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in Bloom Energy by 23.7% during the 1st quarter. CWM LLC now owns 3,360 shares of the company’s stock worth $66,000 after purchasing an additional 644 shares in the last quarter. Xponance Inc. grew its position in Bloom Energy by 6.4% in the 1st quarter. Xponance Inc. now owns 15,484 shares of the company’s stock worth $304,000 after purchasing an additional 935 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Bloom Energy by 47.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company’s stock valued at $66,000 after buying an additional 1,081 shares during the last quarter. Banque Transatlantique SA lifted its position in shares of Bloom Energy by 227.6% during the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after buying an additional 1,161 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Bloom Energy by 3.7% during the 1st quarter. Sei Investments Co. now owns 33,424 shares of the company’s stock worth $691,000 after buying an additional 1,184 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Maciej Kurzymski sold 2,474 shares of Bloom Energy stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total transaction of $174,342.78. Following the completion of the sale, the insider directly owned 106,374 shares of the company’s stock, valued at approximately $7,496,175.78. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Aman Joshi sold 4,870 shares of Bloom Energy stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $43.36, for a total transaction of $211,163.20. Following the sale, the insider directly owned 224,361 shares of the company’s stock, valued at $9,728,292.96. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,193 shares of company stock worth $14,893,710. Company insiders own 3.60% of the company’s stock.

Bloom Energy Stock Down 3.2%

BE opened at $111.43 on Friday. The company has a fifty day moving average price of $69.22 and a 200-day moving average price of $38.58. The firm has a market capitalization of $26.07 billion, a P/E ratio of 2,786.45, a price-to-earnings-growth ratio of 182.55 and a beta of 3.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21. Bloom Energy Corporation has a one year low of $9.02 and a one year high of $125.75.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $401.24 million during the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. Equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BE has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Bloom Energy from $35.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on Bloom Energy from $40.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Robert W. Baird increased their price target on Bloom Energy from $45.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Bank of America increased their price target on Bloom Energy from $21.00 to $24.00 and gave the company an “underperform” rating in a research report on Tuesday, September 23rd. Finally, Royal Bank Of Canada set a $75.00 price target on Bloom Energy in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $61.70.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.