Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases Shares of 7,699 Bloom Energy Corporation $BE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,699 shares of the company’s stock, valued at approximately $651,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC increased its holdings in Bloom Energy by 3.3% in the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock valued at $432,000 after purchasing an additional 162 shares in the last quarter. Seelaus Asset Management LLC boosted its holdings in Bloom Energy by 2.4% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after acquiring an additional 270 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Bloom Energy by 250.9% during the third 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 period. Rothschild Investment LLC lifted its position in shares of Bloom Energy by 74.4% during the third quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock worth $58,000 after purchasing an additional 290 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in Bloom Energy by 0.3% during the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock valued at $2,285,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Activity

In other news, insider Satish Chitoori sold 1,521 shares of Bloom Energy stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77. Following the sale, the insider owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aman Joshi sold 3,746 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $139.81, for a total value of $523,728.26. Following the completion of the transaction, the insider directly owned 201,072 shares of the company’s stock, valued at $28,111,876.32. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,294 shares of company stock worth $1,520,974 over the last ninety days. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BE has been the subject of a number of analyst reports. Daiwa Securities Group set a $98.00 price objective on shares of Bloom Energy in a research report on Tuesday, December 2nd. Morgan Stanley raised their price objective on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Truist Financial set a $68.00 price target on shares of Bloom Energy in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $130.50.

Bloom Energy Price Performance

Shares of NYSE BE opened at $160.14 on Tuesday. 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 firm has a market capitalization of $44.93 billion, a PE ratio of -421.43, a P/E/G ratio of 6.10 and a beta of 3.07. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $176.49. The business’s fifty day moving average price is $128.20 and its two-hundred day moving average price is $102.12.

Bloom Energy (NYSE:BE) last released its quarterly 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. The business had revenue of $777.68 million during 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 company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

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.