Chilton Capital Management LLC Grows Position in Bloom Energy Corporation $BE

Chilton Capital Management LLC lifted its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 29.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,000 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Chilton Capital Management LLC’s holdings in Bloom Energy were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA boosted its position in shares of Bloom Energy by 227.6% during the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after buying an additional 1,161 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock valued at $31,000 after buying an additional 1,512 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after buying an additional 1,626 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Bloom Energy during the first quarter valued at $39,000. Finally, IFP Advisors Inc boosted its position in Bloom Energy by 1,560.8% in the second quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock worth $50,000 after purchasing an additional 1,951 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BE has been the topic of several research reports. Susquehanna raised their target price on Bloom Energy from $43.00 to $105.00 and gave the stock a “positive” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. raised their target price on Bloom Energy from $40.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Roth Capital raised their target price on Bloom Energy from $34.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Wells Fargo & Company raised their target price on Bloom Energy to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Hsbc Global Res cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $65.70.

Insider Activity at Bloom Energy

In related news, CEO Kr Sridhar sold 37,955 shares of Bloom Energy stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $53.39, for a total transaction of $2,026,417.45. Following the sale, the chief executive officer owned 2,378,663 shares of the company’s stock, valued at approximately $126,996,817.57. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 4,870 shares of Bloom Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $43.36, for a total value of $211,163.20. Following the sale, the insider directly owned 224,361 shares in the company, valued at $9,728,292.96. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,193 shares of company stock worth $14,893,710 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Stock Up 8.7%

NYSE BE opened at $110.29 on Monday. The stock’s 50-day moving average price is $75.34 and its 200-day moving average price is $41.87. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. Bloom Energy Corporation has a 52 week low of $9.19 and a 52 week high of $125.75. The company has a market capitalization of $25.81 billion, a P/E ratio of 2,757.94, a price-to-earnings-growth ratio of 175.08 and a beta of 3.48.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The firm had revenue of $401.24 million for the quarter, compared to the consensus estimate of $382.23 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Bloom Energy has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

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.