Alps Advisors Inc. Invests $1.10 Million in Bloom Energy Corporation $BE

Alps Advisors Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,990 shares of the company’s stock, valued at approximately $1,099,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC purchased a new position in Bloom Energy in the third quarter valued at about $15,322,000. Wellington Shields & Co. LLC purchased a new stake in shares of Bloom Energy in the third quarter worth about $327,000. Fortitude Advisory Group L.L.C. acquired a new stake in shares of Bloom Energy in the third quarter valued at about $274,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at about $239,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Bloom Energy during the 3rd quarter worth approximately $369,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Up 4.8%

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

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm’s revenue for the quarter 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. On average, analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction 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 sale, the insider owned 90,005 shares of the company’s stock, 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 through this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $109.13, for a total transaction of $495,777.59. Following the completion of the transaction, the insider owned 219,818 shares in the company, valued at approximately $23,988,738.34. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,639 shares of company stock valued at $1,496,660. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BE has been the subject of several recent research reports. Mizuho increased their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday. Evercore reaffirmed an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. TD Cowen upped their price objective on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Finally, UBS Group restated a “buy” rating and set a $170.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $132.61.

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.