Bloom Energy Corporation $BE Stock: Csenge Advisory Group Boosts Holdings

Csenge Advisory Group grew its stake in shares of Bloom Energy Corporation (NYSE:BE) by 385.9% during the 3rd quarter, Holdings Channel reports. The firm owned 5,495 shares of the company’s stock after buying an additional 4,364 shares during the period. Csenge Advisory Group’s holdings in Bloom Energy were worth $1,522,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Montanova Capital LLC bought a new stake in Bloom Energy in the 2nd quarter valued at $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 worth $401,849,000 after buying an additional 583,135 shares in the last quarter. Militia Capital Management LLC bought a new position in Bloom Energy in the first quarter valued at approximately $813,000. Assenagon Asset Management S.A. increased its stake in Bloom Energy by 3,398.3% in the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock valued at $72,611,000 after acquiring an additional 233,020 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in Bloom Energy during the first quarter valued at approximately $8,468,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Bloom Energy

Here are a few of the latest headlines about BE:

• Positive Sentiment: Bloom Energy joined a rally in power stocks after CoreWeave’s strong earnings renewed enthusiasm for AI infrastructure and the companies supplying power to data centers. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Recent coverage also highlighted Bloom Energy’s AI data-center business and reported revenue growth, reinforcing the potential demand story behind its fuel-cell systems. Bloom Energy lands a major AI data center deal as revenue surges
• Negative Sentiment: Investors still face execution and valuation risks: one analysis questioned whether long-term cash generation can support the stock’s sharp multi-year appreciation, while other recent coverage cited negative free cash flow and a pullback in AI-related stocks. Can Bloom Energy justify its price on future cash flow?

Bloom Energy Trading Up 13.2%

Shares of Bloom Energy stock opened at $209.93 on Thursday. The firm has a market capitalization of $62.07 billion, a PE ratio of 128.79, a price-to-earnings-growth ratio of 1.87 and a beta of 3.63. The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $245.20 and its 200 day moving average is $221.73. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company’s quarterly revenue was up 138.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. Equities research analysts forecast that Bloom Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the sale, the insider owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing 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, insider Shawn Soderberg sold 2,895 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the sale, the insider owned 129,370 shares in the company, valued at $30,220,832. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 70,859 shares of company stock valued at $17,244,650. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BE shares. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research note on Friday, October 23rd. Sanford C. Bernstein lifted their price target on Bloom Energy from $282.00 to $306.00 and gave the company a “market perform” rating in a research note on Friday, October 23rd. KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a report on Friday, October 23rd. Roth Capital set a $230.00 price objective on Bloom Energy in a research report on Friday, October 23rd. Finally, UBS Group upped their price objective on Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $263.05.

About Bloom Energy

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.