Cibc World Market Inc. Invests $592,000 in Bloom Energy Corporation $BE

Cibc World Market Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $592,000.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on BE shares. BMO Capital Markets increased their price objective on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Roth Mkm raised their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company upped their target price on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, Bank of America set a $39.00 price target on Bloom Energy in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $130.50.

Bloom Energy Stock Up 8.1%

NYSE BE opened at $157.16 on Thursday. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The company has a market cap of $44.09 billion, a price-to-earnings ratio of -413.57, a PEG ratio of 6.01 and a beta of 3.07. The company has a 50 day moving average of $124.74 and a 200-day moving average of $99.19. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $176.49.

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

Insider Activity

In other news, insider Satish Chitoori sold 431 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the sale, the insider owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy 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 transaction, the insider directly owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.60% of the stock is owned by company insiders.

About Bloom Energy

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.