Artemis Wealth Advisors LLC Invests $677,000 in Bloom Energy Corporation $BE

Artemis Wealth Advisors LLC purchased a new stake in Bloom Energy Corporation (NYSE:BE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $677,000. Bloom Energy makes up 0.1% of Artemis Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in BE. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the third quarter worth about $32,000. Fifth Third Bancorp purchased a new stake in Bloom Energy in the third quarter valued at $32,000. Parkside Financial Bank & Trust lifted its stake in shares of Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Bloom Energy during the 2nd quarter worth $36,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 3.0%

Bloom Energy stock opened at $159.87 on Friday. The stock has a market cap of $44.85 billion, a PE ratio of -420.71, a P/E/G ratio of 6.73 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The stock’s fifty day moving average is $140.35 and its two-hundred day moving average is $108.05. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $180.90.

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

Insider Buying and Selling

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 shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, the insider owned 90,005 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,869 shares in the company, valued at $372,277,730. This trade represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 268,788 shares of company stock valued at $45,575,889 over the last three months. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BE. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. Jefferies Financial Group set a $102.00 target price on Bloom Energy in a report on Tuesday, February 10th. Morgan Stanley upped their price target on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Barclays initiated coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price target on the stock. Finally, Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average price target of $131.87.

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.