Bloom Energy Corporation $BE Shares Acquired by Swiss National Bank

Swiss National Bank increased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 659,400 shares of the company’s stock after purchasing an additional 50,200 shares during the period. Swiss National Bank’s holdings in Bloom Energy were worth $89,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BE. Blue Trust Inc. grew its stake 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 purchasing an additional 51 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Bloom Energy by 1.6% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the period. Cedar Mountain Advisors LLC grew its position in Bloom Energy by 29.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 334 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Bloom Energy by 2.9% in the 1st quarter. D.A. Davidson & CO. now owns 2,655 shares of the company’s stock valued at $360,000 after buying an additional 75 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Trading Down 8.0%

Shares of Bloom Energy stock opened at $197.80 on Tuesday. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. Bloom Energy Corporation has a 1 year low of $24.39 and a 1 year high of $351.28. The company has a market capitalization of $56.26 billion, a P/E ratio of -3,955.21 and a beta of 3.73. The business has a 50 day moving average price of $276.65 and a 200 day moving average price of $203.99.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts anticipate that Bloom Energy Corporation will post 1.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was 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 approximately $28,971,567.04. The trade was a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,827,339.44. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 153,617 shares of company stock worth $44,003,909 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BE shares. Mizuho set a $285.00 price target on shares of Bloom Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Truist Financial started coverage on Bloom Energy in a research report on Monday, July 13th. They set a “hold” rating and a $250.00 target price on the stock. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $250.41.

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.