6,308 Shares in Bloom Energy Corporation $BE Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new stake in Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,308 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BE. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Bloom Energy during the second quarter worth approximately $36,000. NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in Bloom Energy in the 3rd quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Bloom Energy in the 3rd quarter valued at $42,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BE has been the topic of several analyst reports. BMO Capital Markets set a $136.00 target price on Bloom Energy in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. Roth Mkm restated a “neutral” rating and set a $103.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Bloom Energy to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Bloom Energy has an average rating of “Hold” and a consensus price target of $102.43.

Bloom Energy Stock Performance

NYSE:BE opened at $139.07 on Tuesday. The company has a 50 day simple moving average of $108.94 and a two-hundred day simple moving average of $85.25. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $155.87. The company has a market capitalization of $32.89 billion, a PE ratio of 804.94, a P/E/G ratio of 12.20 and a beta of 3.01.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share 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%. Bloom Energy’s quarterly revenue was up 57.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share. Research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 36,666 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $141.00, for a total value of $5,169,906.00. Following the transaction, the insider directly owned 225,949 shares of the company’s stock, valued at approximately $31,858,809. The trade was a 13.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $109.13, for a total transaction of $495,777.59. Following the completion of the sale, the insider owned 219,818 shares of the company’s stock, valued at $23,988,738.34. The trade was a 2.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 120,410 shares of company stock valued at $16,557,185. 3.50% of the stock is owned by insiders.

Bloom Energy 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.