49,804 Shares in Bloom Energy Corporation $BE Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in Bloom Energy Corporation (NYSE:BEFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 49,804 shares of the company’s stock, valued at approximately $4,327,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BE. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. N.E.W. Advisory Services LLC bought a new stake in shares of Bloom Energy in the third quarter valued at about $32,000. Parkside Financial Bank & Trust grew its stake in shares of Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares in the last quarter. Cranbrook Wealth Management LLC bought a new position in Bloom Energy during the third quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Bloom Energy during the third quarter worth about $42,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Trading Down 10.2%

BE opened at $149.65 on Friday. The stock has a market capitalization of $41.98 billion, a price-to-earnings ratio of -393.82, a P/E/G ratio of 6.13 and a beta of 3.11. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. The company has a 50-day simple moving average of $152.13 and a 200 day simple moving average of $116.55.

Bloom Energy (NYSE:BEGet Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the sale, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 18,964 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.45, for a total value of $2,928,989.80. Following the completion of the sale, the insider directly owned 232,365 shares in the company, valued at approximately $35,888,774.25. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 370,092 shares of company stock worth $61,365,925 in the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Bank of America set a $39.00 target price on shares of Bloom Energy in a research report on Tuesday, November 25th. Morgan Stanley raised their target price on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. UBS Group reiterated a “buy” rating and issued a $170.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Finally, Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Bloom Energy has a consensus rating of “Hold” and an average target price of $131.87.

View Our Latest Report on Bloom Energy

Bloom Energy News Summary

Here are the key news stories impacting Bloom Energy this week:

Bloom Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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