Whittier Trust Co. of Nevada Inc. Acquires Shares of 36,110 Bloom Energy Corporation $BE

Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) during the first quarter, HoldingsChannel.com reports. The fund acquired 36,110 shares of the company’s stock, valued at approximately $4,875,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in shares of Bloom Energy during the 1st quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new position in Bloom Energy in the 1st quarter worth approximately $1,820,000. NewEdge Advisors LLC boosted its holdings in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. grew its position in Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after acquiring an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after acquiring an additional 4,716 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 10.2%

Shares of BE stock traded down $30.18 during mid-day trading on Tuesday, reaching $264.87. 4,029,389 shares of the company were exchanged, compared to its average volume of 11,610,299. 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 business’s 50 day simple moving average is $282.46 and its 200 day simple moving average is $193.57. The company has a market capitalization of $75.34 billion, a P/E ratio of -5,292.02 and a beta of 3.73. Bloom Energy Corporation has a fifty-two week low of $23.94 and a fifty-two week high of $351.28.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the prior year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Research analysts predict that Bloom Energy Corporation will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on BE. Sanford C. Bernstein initiated coverage on shares of Bloom Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $276.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Roth Capital lifted their price target on shares of Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. UBS Group boosted their price objective on shares of Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Zacks Research cut shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $238.82.

Insider Activity at Bloom Energy

In related news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares of the company’s stock, valued at $28,971,567.04. This represents a 18.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider owned 341,731 shares in the company, valued at approximately $95,342,949. This trade represents a 9.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,617 shares of company stock worth $59,843,659 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Bloom Energy 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.