6,043 Shares in Bloom Energy Corporation $BE Bought by First National Trust Co

First National Trust Co purchased a new position in Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,043 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors also recently added to or reduced their stakes in BE. Geode Capital Management LLC increased its position in shares of Bloom Energy by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after purchasing an additional 95,990 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares in the last quarter. Norges Bank acquired a new position in Bloom Energy in the second quarter worth $57,821,000. Man Group plc increased its position in Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after acquiring an additional 1,530,167 shares in the last quarter. Finally, Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $101,720,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BE has been the subject of several recent research reports. Bank of America set a $39.00 target price on shares of Bloom Energy in a research report on Tuesday, November 25th. BMO Capital Markets increased their target price on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. BTIG Research lifted their price objective on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. increased their price objective on Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, China Renaissance began coverage on Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $132.61.

Insider Activity

In other news, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at $7,783,632.40. The trade was a 3.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the sale, the insider directly 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 have sold 14,639 shares of company stock worth $1,496,660. 3.60% of the stock is owned by insiders.

Bloom Energy Stock Up 4.8%

BE stock opened at $155.77 on Thursday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 2.88 and a current ratio of 5.98. The stock’s 50 day simple moving average is $121.53 and its 200 day simple moving average is $95.42. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The company has a market cap of $36.84 billion, a P/E ratio of -409.91, a price-to-earnings-growth ratio of 6.08 and a beta of 3.07.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business’s revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

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.