Vanguard Personalized Indexing Management LLC Purchases New Shares in Bloom Energy Corporation $BE

Vanguard Personalized Indexing Management LLC bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,235 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently modified their holdings of the business. Blair William & Co. IL boosted its holdings in shares of Bloom Energy by 2.8% during the 2nd quarter. Blair William & Co. IL now owns 16,246 shares of the company’s stock valued at $389,000 after buying an additional 437 shares in the last quarter. CWM LLC boosted its holdings in shares of Bloom Energy by 23.7% during the 1st quarter. CWM LLC now owns 3,360 shares of the company’s stock valued at $66,000 after buying an additional 644 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Bloom Energy by 6.4% during the 1st quarter. Xponance Inc. now owns 15,484 shares of the company’s stock valued at $304,000 after buying an additional 935 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Bloom Energy by 7.4% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 14,459 shares of the company’s stock valued at $346,000 after buying an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Bloom Energy by 47.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company’s stock valued at $66,000 after buying an additional 1,081 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 2,474 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $70.47, for a total value of $174,342.78. Following the completion of the transaction, the insider owned 106,374 shares of the company’s stock, valued at approximately $7,496,175.78. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 4,870 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $43.36, for a total value of $211,163.20. Following the completion of the transaction, the insider directly owned 224,361 shares of the company’s stock, valued at approximately $9,728,292.96. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,193 shares of company stock worth $14,893,710 in the last quarter. Insiders own 3.60% of the company’s stock.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $110.29 on Friday. Bloom Energy Corporation has a fifty-two week low of $9.19 and a fifty-two week high of $125.75. The business has a 50-day simple moving average of $75.34 and a two-hundred day simple moving average of $41.53. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 2,757.94, a price-to-earnings-growth ratio of 160.87 and a beta of 3.48.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The business had revenue of $401.24 million during the quarter, compared to analyst estimates of $382.23 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. Bloom Energy’s revenue was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. On average, analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

BE has been the subject of several recent analyst reports. UBS Group lifted their price target on Bloom Energy to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $123.00 price target on shares of Bloom Energy in a research report on Monday. Hsbc Global Res lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. BMO Capital Markets lifted their price target on Bloom Energy from $33.00 to $97.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 14th. Finally, BTIG Research lifted their price target on Bloom Energy from $42.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.70.

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.