Bloom Energy Corporation $BE Stock Acquired by Kercheville Advisors LLC

Kercheville Advisors LLC increased its stake in shares of Bloom Energy Corporation (NYSE:BE) by 69.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,712 shares of the company’s stock after purchasing an additional 12,947 shares during the period. Bloom Energy accounts for approximately 2.4% of Kercheville Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Kercheville Advisors LLC’s holdings in Bloom Energy were worth $8,784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BE. Jennison Associates LLC boosted its holdings in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Bloom Energy during the 2nd quarter worth approximately $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Bloom Energy by 228.0% during the first quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock valued at $79,660,000 after acquiring an additional 408,687 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bloom Energy by 106.0% in the first quarter. Renaissance Technologies LLC now owns 535,900 shares of the company’s stock valued at $72,609,000 after acquiring an additional 275,700 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

BE stock traded up $4.55 during mid-day trading on Monday, reaching $225.86. The company’s stock had a trading volume of 9,940,285 shares, compared to its average volume of 13,011,356. The stock has a market cap of $66.52 billion, a PE ratio of 301.15, a P/E/G ratio of 2.86 and a beta of 3.77. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. Bloom Energy Corporation has a fifty-two week low of $75.70 and a fifty-two week high of $351.28. The company’s 50 day moving average is $249.30 and its two-hundred day moving average is $246.99.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business’s revenue was up 165.5% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities research analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BE. BMO Capital Markets lowered their price target on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 29th. Barclays increased their price objective on Bloom Energy from $276.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, October 1st. Roth Capital restated a “neutral” rating and issued a $260.00 price objective on shares of Bloom Energy in a report on Tuesday, October 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.05.

Insider Transactions at Bloom Energy

In other Bloom Energy news, CAO Maciej Kurzymski sold 2,295 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total value of $616,023.90. Following the completion of the sale, the chief accounting officer directly owned 77,391 shares in the company, valued at $20,773,292.22. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the sale, the insider owned 147,092 shares of the company’s stock, valued at approximately $40,769,489.64. The trade was a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.