Assenagon Asset Management S.A. Acquires New Position in Bloom Energy Corporation $BE

Assenagon Asset Management S.A. acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,141 shares of the company’s stock, valued at approximately $534,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after buying an additional 1,240,819 shares in the last quarter. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $402,494,000. Trivest Advisors Ltd increased its stake in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares in the last quarter. Finally, Norges Bank acquired a new position in Bloom Energy during the second quarter worth $57,821,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on BE shares. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup assumed coverage on Bloom Energy in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 price target for the company. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Evercore reiterated an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Finally, Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $131.65.

Bloom Energy Stock Performance

Bloom Energy stock opened at $132.48 on Thursday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The company has a market capitalization of $37.17 billion, a price-to-earnings ratio of -348.64, a PEG ratio of 5.53 and a beta of 3.11. The stock has a fifty day moving average of $150.98 and a two-hundred day moving average of $120.89. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. The business 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 business’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Transactions at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer directly owned 2,189,869 shares in the company, valued at $372,277,730. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aman Joshi sold 19,944 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were 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 of the company’s stock, valued at approximately $29,502,176.85. This represents a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 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.

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.