PDT Partners LLC Takes Position in Bloom Energy Corporation $BE

Key Points

• PDT Partners LLC acquired 26,800 shares of Bloom Energy Corporation, valued at approximately $527,000, during the first quarter.
• Bloom Energy received positive adjustments from several analysts, with price targets ranging from $25.00 to $44.00, indicating strong investor interest.
• Insider sales at Bloom Energy included significant transactions, with one insider selling 45,000 shares for approximately $1.95 million, suggesting potential shifts in confidence among company executives.

PDT Partners LLC acquired a new position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,800 shares of the company's stock, valued at approximately $527,000.

Several other large investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in Bloom Energy by 23.7% during the 1st quarter. CWM LLC now owns 3,360 shares of the company's stock worth $66,000 after buying an additional 644 shares in the last quarter. Xponance Inc. lifted its holdings in Bloom Energy by 6.4% during the 1st quarter. Xponance Inc. now owns 15,484 shares of the company's stock worth $304,000 after buying an additional 935 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Bloom Energy by 1.7% during the 4th quarter. Mackenzie Financial Corp now owns 63,372 shares of the company's stock worth $1,407,000 after buying an additional 1,035 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Bloom Energy by 47.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company's stock worth $66,000 after buying an additional 1,081 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Bloom Energy by 3.7% during the 1st quarter. Sei Investments Co. now owns 33,424 shares of the company's stock worth $691,000 after buying an additional 1,184 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Analyst Ratings Changes

BE has been the topic of several research reports. Roth Capital upped their price objective on Bloom Energy from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised Bloom Energy from a "neutral" rating to an "overweight" rating and increased their price target for the company from $18.00 to $33.00 in a research note on Wednesday, July 9th. Mizuho increased their price target on Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Robert W. Baird increased their price target on Bloom Energy from $45.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, UBS Group increased their price target on Bloom Energy from $29.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.18.

Bloom Energy Trading Up 17.3%

Bloom Energy stock traded up $9.52 during mid-day trading on Wednesday, hitting $64.52. 9,420,029 shares of the company's stock were exchanged, compared to its average volume of 7,558,706. The company's 50 day simple moving average is $38.29 and its 200-day simple moving average is $26.62. The firm has a market capitalization of $15.10 billion, a P/E ratio of 1,613.40 and a beta of 3.28. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $65.49.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.08. The firm had revenue of $401.24 million during the quarter, compared to analysts' expectations of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 45,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $43.31, for a total transaction of $1,948,950.00. Following the completion of the transaction, the insider owned 229,682 shares in the company, valued at approximately $9,947,527.42. This represents a 16.38% 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 Satish Chitoori sold 20,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the transaction, the insider owned 234,493 shares of the company's stock, valued at approximately $10,552,185. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,477 shares of company stock worth $14,924,815. 3.50% of the stock is currently owned by insiders.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.