Handelsbanken Fonder AB Sells 27,160 Shares of Bloom Energy Corporation $BE

Handelsbanken Fonder AB decreased its holdings in shares of Bloom Energy Corporation (NYSE:BEFree Report) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,238,618 shares of the company’s stock after selling 27,160 shares during the quarter. Handelsbanken Fonder AB’s holdings in Bloom Energy were worth $107,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BE. Graticule Asia Macro Advisors LLC bought a new stake in shares of Bloom Energy during the 3rd quarter valued at about $402,494,000. Trivest Advisors Ltd boosted its position in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Bloom Energy during the 3rd quarter valued at about $141,679,000. Man Group plc boosted its position in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after purchasing an additional 1,530,167 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after purchasing an additional 1,240,819 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of several research analyst reports. Evercore restated an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Barclays upped their target price on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target on the stock in a research note on Tuesday, April 14th. Roth Mkm set a $225.00 price target on Bloom Energy in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their price target on Bloom Energy to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $217.48.

Get Our Latest Stock Report on Bloom Energy

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 2,746 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $259.42, for a total value of $712,367.32. Following the completion of the sale, the insider directly owned 135,107 shares of the company’s stock, valued at $35,049,457.94. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total value of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This trade represents a 7.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 525,271 shares of company stock valued at $99,167,479. Corporate insiders own 3.00% of the company’s stock.

More Bloom Energy News

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Bloom Energy Stock Down 6.2%

BE stock opened at $258.93 on Tuesday. The stock’s 50 day simple moving average is $195.89 and its 200 day simple moving average is $150.45. Bloom Energy Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $310.00. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company has a market cap of $73.65 billion, a P/E ratio of -5,177.58 and a beta of 3.82.

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

About Bloom Energy

(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.

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

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