Bloom Energy Corporation $BE Position Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Bloom Energy Corporation (NYSE:BE) by 182.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 516,707 shares of the company’s stock after buying an additional 334,026 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.22% of Bloom Energy worth $44,897,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $32,000. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the 3rd quarter worth about $32,000. Parkside Financial Bank & Trust lifted its stake in 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 buying an additional 281 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Bloom Energy in the third quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Bloom Energy in the third quarter worth about $42,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. Roth Mkm raised their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. China Renaissance assumed coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective on the stock. UBS Group reissued a “buy” rating and set a $170.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Finally, Robert W. Baird set a $172.00 target price on Bloom Energy in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.65.

Insider Buying and Selling at Bloom Energy

In related news, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the sale, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maciej Kurzymski sold 7,800 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the completion of the sale, the insider owned 84,294 shares of the company’s stock, valued at $12,800,043.90. This represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 370,092 shares of company stock worth $61,365,925 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Bloom Energy Stock Down 2.2%

Shares of Bloom Energy stock opened at $132.48 on Thursday. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of -348.64, a P/E/G ratio of 5.53 and a beta of 3.11. The stock has a 50-day simple moving average of $150.98 and a 200-day simple moving average of $120.89. 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 current ratio of 5.98 and a quick ratio of 4.95.

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 firm 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 was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. 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.

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.