Exchange Traded Concepts LLC Takes Position in Bloom Energy Corporation $BE

Exchange Traded Concepts LLC bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,972 shares of the company’s stock, valued at approximately $1,127,000.

Several other large investors have also added to or reduced their stakes in the business. Meridian Wealth Management LLC bought a new position in shares of Bloom Energy during the 3rd quarter worth approximately $553,000. Creekmur Asset Management LLC bought a new stake in shares of Bloom Energy in the 3rd quarter valued at $1,825,000. Udine Wealth Management Inc. increased its stake in shares of Bloom Energy by 27.8% in the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares in the last quarter. Straight Path Wealth Management acquired a new position in shares of Bloom Energy during the 3rd quarter valued at $1,099,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Bloom Energy during the 3rd quarter valued at $1,985,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Up 2.2%

Shares of NYSE:BE opened at $135.40 on Friday. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The stock has a market cap of $37.99 billion, a price-to-earnings ratio of -356.31, a PEG ratio of 5.41 and a beta of 3.18. The business’s 50 day moving average is $150.78 and its 200 day moving average is $120.99. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $180.90.

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

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 18,964 shares of Bloom Energy stock in a transaction that occurred 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 sale, the insider owned 232,365 shares of the company’s stock, valued at approximately $35,888,774.25. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares in the company, valued at approximately $29,502,176.85. The trade was a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 380,092 shares of company stock worth $62,724,725 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BE. BMO Capital Markets raised their price target on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. Zacks Research cut shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group restated a “buy” rating and issued a $170.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Finally, Citigroup initiated coverage on Bloom Energy in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.65.

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.