Union Bancaire Privee UBP SA Has $1.40 Million Holdings in Bloom Energy Corporation $BE

Union Bancaire Privee UBP SA reduced its holdings in Bloom Energy Corporation (NYSE:BEFree Report) by 78.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,328 shares of the company’s stock after selling 38,294 shares during the period. Union Bancaire Privee UBP SA’s holdings in Bloom Energy were worth $1,399,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BE. Blue Trust Inc. raised its position in shares of Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the period. WPG Advisers LLC lifted its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the period. Godsey & Gibb Inc. boosted its position in Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Bloom Energy during the fourth quarter worth $28,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Cowen increased their price target on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Roth Mkm set a $225.00 price objective on Bloom Energy in a research report on Wednesday, April 29th. Barclays lifted their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price target on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.36.

Get Our Latest Stock Analysis on Bloom Energy

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

Insider Buying and Selling at Bloom Energy

In related news, Director John T. Chambers sold 55,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the transaction, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 230,274 shares of company stock valued at $58,696,472 over the last 90 days. Insiders own 3.00% of the company’s stock.

Bloom Energy Stock Down 16.6%

Bloom Energy stock opened at $257.80 on Friday. Bloom Energy Corporation has a 52-week low of $21.52 and a 52-week high of $351.28. The firm has a 50 day moving average price of $274.84 and a two-hundred day moving average price of $185.22. The firm has a market cap of $73.33 billion, a price-to-earnings ratio of -5,154.99 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BEGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

Bloom Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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