60,769 Bloom Energy Corporation $BE Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 90.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,633 shares of the company's stock after purchasing an additional 60,769 shares during the quarter. Commonwealth Equity Services LLC's holdings in Bloom Energy were worth $35,352,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BE. Jennison Associates LLC raised its position in shares of Bloom Energy by 20,074.4% during the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the last quarter. Bank of America Corp DE grew its holdings in Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company's stock valued at $299,688,000 after buying an additional 126,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company's stock valued at $401,849,000 after buying an additional 583,135 shares during the last quarter. Elemental Capital Partners LLC increased its position in Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company's stock worth $287,791,000 after buying an additional 25,625 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Bloom Energy during the second quarter worth $296,413,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, Director Barbara Burger sold 2,333 shares of Bloom Energy stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $215.05, for a total value of $501,711.65. Following the completion of the sale, the director owned 36,607 shares of the company's stock, valued at $7,872,335.35. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares of the company's stock, valued at $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 85,859 shares of company stock valued at $20,994,650. 3.00% of the stock is currently owned by insiders.

More Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

Bloom Energy Stock Up 0.1%

Shares of NYSE BE opened at $173.35 on Monday. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The firm's 50 day moving average price is $246.00 and its 200 day moving average price is $220.98. The firm has a market cap of $51.25 billion, a P/E ratio of 106.35, a price-to-earnings-growth ratio of 1.75 and a beta of 3.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the company earned $0.15 EPS. Bloom Energy's revenue for the quarter was up 138.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BE shares. JPMorgan Chase & Co. cut their price target on Bloom Energy from $314.00 to $292.00 and set an "overweight" rating for the company in a report on Friday, October 23rd. Sanford C. Bernstein increased their price objective on Bloom Energy from $282.00 to $306.00 and gave the company a "market perform" rating in a research note on Friday, October 23rd. Citigroup lifted their price objective on Bloom Energy from $281.00 to $284.00 and gave the stock a "neutral" rating in a research report on Thursday, October 29th. Truist Financial lifted their price objective on Bloom Energy from $218.00 to $240.00 and gave the stock a "hold" rating in a research report on Friday, October 16th. Finally, Clear Str raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $263.05.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.

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