DNB Asset Management AS Sells 117,157 Shares of Bloom Energy Corporation $BE

DNB Asset Management AS decreased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 90.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,696 shares of the company’s stock after selling 117,157 shares during the period. DNB Asset Management AS’s holdings in Bloom Energy were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. N.E.W. Advisory Services LLC purchased a new position in Bloom Energy during the third quarter valued at $32,000. Fifth Third Bancorp bought a new position in shares of Bloom Energy in the third quarter worth about $32,000. Parkside Financial Bank & Trust raised 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 worth $33,000 after buying an additional 281 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Bloom Energy during the 2nd quarter valued at about $36,000. Finally, NewEdge Advisors LLC grew its stake in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $152.83 on Wednesday. The company has a market cap of $42.88 billion, a P/E ratio of -402.18, a P/E/G ratio of 6.78 and a beta of 3.11. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The firm’s fifty day moving average is $137.52 and its two-hundred day moving average is $107.28.

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

Insider Buying and Selling at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,869 shares in the company, valued at approximately $372,277,730. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 1,521 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 230,017 shares in the company, valued at $32,057,469.29. This represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 268,788 shares of company stock worth $45,575,889. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of several analyst reports. Royal Bank Of Canada set a $143.00 price target on shares of Bloom Energy in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. BTIG Research upped their target price on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Robert W. Baird set a $172.00 price target on Bloom Energy in a research note on Tuesday, January 27th. Finally, TD Cowen boosted their price objective on Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and a consensus price target of $131.87.

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.