Bloom Energy Corporation $BE Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Bloom Energy Corporation (NYSE:BE) by 2,076.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,208 shares of the company’s stock after purchasing an additional 9,739 shares during the period. Farther Finance Advisors LLC’s holdings in Bloom Energy were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in Bloom Energy by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 86,665 shares of the company’s stock valued at $1,704,000 after acquiring an additional 26,077 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Bloom Energy by 634.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,327 shares of the company’s stock valued at $11,763,000 after acquiring an additional 516,833 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Bloom Energy by 662.4% during the 1st quarter. Teacher Retirement System of Texas now owns 73,518 shares of the company’s stock valued at $1,445,000 after acquiring an additional 63,875 shares in the last quarter. Comerica Bank grew its stake in Bloom Energy by 5.8% during the 1st quarter. Comerica Bank now owns 88,554 shares of the company’s stock valued at $1,741,000 after acquiring an additional 4,885 shares in the last quarter. Finally, Torray Investment Partners LLC purchased a new stake in Bloom Energy during the 1st quarter valued at about $904,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $43.31, for a total value of $1,948,950.00. Following the completion of the transaction, the insider owned 229,682 shares of the company’s stock, valued at $9,947,527.42. This trade represents a 16.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Maciej Kurzymski sold 2,474 shares of Bloom Energy stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $70.47, for a total transaction of $174,342.78. Following the sale, the insider directly owned 106,374 shares of the company’s stock, valued at approximately $7,496,175.78. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 302,205 shares of company stock worth $14,919,283 over the last three months. 3.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BE. Mizuho upped their price objective on shares of Bloom Energy from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Morgan Stanley increased their price target on shares of Bloom Energy from $35.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada set a $75.00 price target on shares of Bloom Energy in a research note on Tuesday. UBS Group increased their price target on shares of Bloom Energy from $29.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company increased their price target on shares of Bloom Energy from $38.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.29.

Bloom Energy Stock Performance

Shares of BE stock opened at $84.70 on Wednesday. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. Bloom Energy Corporation has a 52 week low of $9.02 and a 52 week high of $86.89. The stock has a market capitalization of $19.82 billion, a PE ratio of 2,118.03 and a beta of 3.28. The firm has a 50 day moving average of $53.04 and a two-hundred day moving average of $31.92.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The company had revenue of $401.24 million during the quarter, compared to analysts’ expectations of $382.23 million. During the same quarter last year, the company posted ($0.06) EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Bloom Energy has set its FY 2025 guidance at EPS. On average, research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.