Envestnet Asset Management Inc. Purchases 105,159 Shares of Bloom Energy Corporation $BE

Envestnet Asset Management Inc. raised its position in shares of Bloom Energy Corporation (NYSE:BE) by 330.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,988 shares of the company’s stock after purchasing an additional 105,159 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Bloom Energy were worth $11,585,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new position in Bloom Energy during the second quarter valued at approximately $108,000. Meridian Wealth Management LLC bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $553,000. Mizuho Markets Americas LLC boosted its position in shares of Bloom Energy by 29.9% during the 2nd quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after acquiring an additional 90,980 shares during the last quarter. Udine Wealth Management Inc. grew its holdings in shares of Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after purchasing an additional 13,684 shares in the last quarter. Finally, Straight Path Wealth Management bought a new stake in Bloom Energy in the third quarter worth $1,099,000. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Up 3.7%

Shares of NYSE BE opened at $144.91 on Wednesday. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $176.49. The firm has a 50-day simple moving average of $123.63 and a two-hundred day simple moving average of $98.78. The company has a market cap of $40.65 billion, a P/E ratio of -381.34, a PEG ratio of 5.78 and a beta of 3.07. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 431 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the sale, the insider directly owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Mizuho lifted their price target on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Roth Mkm boosted their price objective on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $130.50.

About Bloom Energy

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.