12,000 Shares in Bloom Energy Corporation $BE Acquired by Viking Fund Management LLC

Key Points

• Viking Fund Management LLC purchased a new stake of 12,000 shares in Bloom Energy during Q4, worth about $1.043 million, while institutional investors own roughly 77.04% of the stock.
• Insiders have sold a total of 370,092 shares valued at approximately $61.37 million over the last quarter — including large sales by Satish Chitoori and Shawn Soderberg — leaving insiders with about 3.5% ownership.
• Bloom Energy beat quarterly expectations (EPS $0.45 vs. $0.25; revenue $777.7M, +35.9% YoY) and set FY2026 guidance of 1.33–1.48 EPS, yet analysts hold a mixed view with an average rating of "Hold" and an average target of $131.87 despite several recent price-target raises.

Viking Fund Management LLC purchased a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,000 shares of the company's stock, valued at approximately $1,043,000.

A number of other large investors have also recently bought and sold shares of BE. Fifth Third Bancorp bought a new position in shares of Bloom Energy during the third quarter valued at $32,000. N.E.W. Advisory Services LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth about $32,000. Parkside Financial Bank & Trust increased its position in shares of Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company's stock worth $33,000 after purchasing an additional 281 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Bloom Energy during the 3rd quarter valued at about $42,000. 77.04% of the stock is currently owned by institutional investors.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 18,964 shares of Bloom Energy stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.45, for a total value of $2,928,989.80. Following the completion of the sale, the insider directly owned 232,365 shares in the company, valued at $35,888,774.25. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 15,410 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $150.47, for a total value of $2,318,742.70. Following the sale, the insider directly owned 195,732 shares of the company's stock, valued at $29,451,794.04. This represents a 7.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 370,092 shares of company stock valued at $61,365,925 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BE. JPMorgan Chase & Co. upped their price objective on shares of Bloom Energy to $166.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Bank of America set a $39.00 target price on Bloom Energy in a report on Tuesday, November 25th. BTIG Research increased their price target on Bloom Energy to $165.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. TD Cowen raised their price target on Bloom Energy to $160.00 and gave the company a "hold" rating in a report on Friday, February 6th. Finally, Morgan Stanley lifted their price objective on Bloom Energy to $184.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. One research 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 given a Sell rating to the company's stock. According to MarketBeat, Bloom Energy presently has an average rating of "Hold" and an average price target of $131.87.

Bloom Energy Price Performance

BE opened at $145.79 on Wednesday. Bloom Energy Corporation has a one year low of $15.15 and a one 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's 50 day simple moving average is $152.35 and its 200-day simple moving average is $118.24. The stock has a market capitalization of $40.90 billion, a P/E ratio of -383.66, a price-to-earnings-growth ratio of 5.77 and a beta of 3.11.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data 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. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million during the quarter, compared to analysts' expectations of $647.59 million. During the same quarter in the previous year, the company posted $0.43 EPS. Bloom Energy's revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Bloom Energy Company Profile

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.

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:BE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.