Bloom Energy Corporation $BE Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of Bloom Energy Corporation (NYSE:BE) by 18.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,586 shares of the company’s stock after purchasing an additional 10,158 shares during the period. Commonwealth Equity Services LLC’s holdings in Bloom Energy were worth $5,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new stake in Bloom Energy during the 2nd quarter worth approximately $36,000. NewEdge Advisors LLC boosted its stake in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Bloom Energy during the third quarter worth approximately $39,000. IFP Advisors Inc raised its stake in Bloom Energy by 1,560.8% in the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $50,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Bernard Wealth Management Corp. lifted its holdings in Bloom Energy by 150.0% in the 2nd quarter. Bernard Wealth Management Corp. now owns 2,500 shares of the company’s stock valued at $60,000 after purchasing an additional 1,500 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bloom Energy

In other Bloom Energy news, Director Mary K. Bush sold 36,000 shares of Bloom Energy stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the completion of the sale, the director directly owned 133,524 shares in the company, valued at $19,069,897.68. This trade represents a 21.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maciej Kurzymski sold 13,105 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $144.09, for a total transaction of $1,888,299.45. Following the transaction, the insider directly owned 93,269 shares of the company’s stock, valued at $13,439,130.21. The trade was a 12.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 120,410 shares of company stock valued at $16,557,185 over the last quarter. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BE. BTIG Research upped their target price on shares of Bloom Energy to $145.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America upped their price objective on shares of Bloom Energy from $26.00 to $39.00 and gave the company an “underperform” rating in a research note on Tuesday, November 25th. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. Mizuho set a $89.00 target price on Bloom Energy in a report on Wednesday, October 29th. Finally, Susquehanna increased their price target on Bloom Energy to $157.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.00.

Bloom Energy Price Performance

Shares of BE stock opened at $133.31 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. The company has a market capitalization of $31.53 billion, a PE ratio of 776.50, a price-to-earnings-growth ratio of 11.77 and a beta of 3.01. The firm’s 50-day moving average is $105.31 and its two-hundred day moving average is $78.02. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $147.86.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $519.05 million during the quarter, compared to the consensus estimate of $425.18 million. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The business’s revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) EPS. Analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Bloom Energy Company 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.