Avanza Fonder AB Invests $1.12 Million in Bloom Energy Corporation $BE

Avanza Fonder AB acquired a new stake in Bloom Energy Corporation (NYSE:BEFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,892 shares of the company’s stock, valued at approximately $1,120,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Bloom Energy during the 4th quarter valued at approximately $534,000. Nordea Investment Management AB acquired a new stake in shares of Bloom Energy during the fourth quarter worth $1,829,000. Parisi Gray Wealth Management purchased a new stake in shares of Bloom Energy during the fourth quarter valued at $340,000. Bay Rivers Group purchased a new stake in shares of Bloom Energy during the fourth quarter valued at $678,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Bloom Energy in the 4th quarter valued at $4,327,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Daiwa Securities Group set a $98.00 target price on Bloom Energy in a research note on Tuesday, December 2nd. Mizuho increased their price objective on Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. BMO Capital Markets raised their price objective on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $131.87.

Get Our Latest Report on Bloom Energy

Bloom Energy Trading Up 3.2%

NYSE BE opened at $145.79 on Wednesday. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $180.90. 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 company has a market capitalization of $40.90 billion, a PE ratio of -383.66, a P/E/G ratio of 5.77 and a beta of 3.11. The company has a fifty day moving average of $152.35 and a 200 day moving average of $118.24.

Bloom Energy (NYSE:BEGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.20. The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.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. Research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Key Headlines Impacting Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

Insider Activity

In related news, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider directly owned 190,521 shares in the company, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary S. Pinkus sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.80, for a total value of $207,250.00. Following the completion of the transaction, the director directly owned 4,149 shares of the company’s stock, valued at $687,904.20. The trade was a 23.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 370,092 shares of company stock valued at $61,365,925 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Bloom Energy Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BEFree Report).

Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.