Cinctive Capital Management LP Increases Stock Holdings in Bloom Energy Corporation $BE

Cinctive Capital Management LP raised its stake in Bloom Energy Corporation (NYSE:BE) by 12.2% during the 4th quarter, HoldingsChannel reports. The firm owned 78,817 shares of the company’s stock after acquiring an additional 8,561 shares during the period. Cinctive Capital Management LP’s holdings in Bloom Energy were worth $6,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in shares of Bloom Energy in the third quarter valued at approximately $1,825,000. Strs Ohio boosted its stake in shares of Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after buying an additional 8,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Bloom Energy in the third quarter valued at approximately $1,985,000. Fortem Financial Group LLC purchased a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $369,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Bloom Energy in the third quarter valued at approximately $1,691,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Barclays lifted their price target on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Wednesday, June 10th. Wells Fargo & Company boosted their target price on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.14.

Bloom Energy News Summary

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

• Positive Sentiment: Zacks called Bloom Energy a “Bull of the Day,” citing strong demand for its solid oxide fuel cells as a fast-deployable power solution for AI datacenter buildout. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Bernstein initiated coverage with a “Market Perform” rating and a $276 target, suggesting the stock may be fairly valued after its recent run-up. Has BE Stock Peaked Yet? Here’s What Wall Street And Retail Think
• Negative Sentiment: Four Bloom Energy insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski and Aman Joshi, sold shares near $289, which can create short-term pressure despite the sales being tied to tax withholding. SEC filing for Shawn Marie Soderberg sale

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares in the company, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the transaction, the insider owned 180,521 shares of the company’s stock, valued at $24,529,193.48. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 230,274 shares of company stock valued at $58,696,472. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

NYSE BE opened at $285.09 on Thursday. Bloom Energy Corporation has a fifty-two week low of $20.93 and a fifty-two week high of $322.83. The stock has a market cap of $81.09 billion, a price-to-earnings ratio of -5,700.68 and a beta of 3.73. The business has a fifty day moving average of $254.92 and a 200-day moving average of $175.55. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released 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 company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Bloom Energy Company Profile

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.