Elemental Capital Partners LLC Has $101.91 Million Holdings in Bloom Energy Corporation $BE

Elemental Capital Partners LLC reduced its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,172,900 shares of the company’s stock after selling 29,892 shares during the period. Bloom Energy comprises about 54.2% of Elemental Capital Partners LLC’s investment portfolio, making the stock its biggest position. Elemental Capital Partners LLC owned 0.50% of Bloom Energy worth $101,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. TB Alternative Assets Ltd. bought a new position in Bloom Energy during the fourth quarter worth about $417,000. Lodestone Wealth Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $43,000. Nisa Investment Advisors LLC raised its holdings in shares of Bloom Energy by 9.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,152 shares of the company’s stock worth $2,533,000 after buying an additional 2,453 shares in the last quarter. Nikulski Financial Inc. acquired a new position in shares of Bloom Energy in the 4th quarter worth approximately $322,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Bloom Energy by 182.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 516,707 shares of the company’s stock worth $44,897,000 after buying an additional 334,026 shares during the period. Institutional investors own 77.04% of the company’s stock.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 19,944 shares of the stock in a transaction dated 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 sale, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 18,964 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the completion of the sale, the insider owned 232,365 shares of the company’s stock, valued at $35,888,774.25. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 380,092 shares of company stock worth $62,724,725 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Bloom Energy Trading Up 2.2%

BE stock opened at $135.40 on Friday. The business has a fifty day moving average price of $150.78 and a 200 day moving average price of $120.99. 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 Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The stock has a market capitalization of $37.99 billion, a price-to-earnings ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18.

Bloom Energy (NYSE:BE) last posted 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 company had revenue of $777.68 million for 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 revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Mizuho lifted their price objective on Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. China Renaissance assumed coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price on the stock. TD Cowen upped their target price on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Roth Mkm increased their target price on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $131.65.

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.