Bloom Energy Corporation $BE Shares Sold by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON reduced its stake in Bloom Energy Corporation by 7.7%, holding 49,599 shares worth approximately $975,000 as per its latest SEC filing.
• Bloom Energy reported $0.10 EPS for the quarter, exceeding analysts' expectations of $0.02, with a revenue increase of 19.5% year-over-year to $401.24 million.
• Institutional investors hold 77.04% of Bloom Energy's stock, with several firms significantly increasing their positions in the first quarter.

BROOKFIELD Corp ON lessened its stake in Bloom Energy Corporation (NYSE:BE - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,599 shares of the company's stock after selling 4,154 shares during the period. BROOKFIELD Corp ON's holdings in Bloom Energy were worth $975,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA increased its position in Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock valued at $30,000 after acquiring an additional 1,161 shares during the period. Harbour Investments Inc. boosted its holdings in Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after purchasing an additional 1,512 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after purchasing an additional 1,626 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in Bloom Energy in the 1st quarter valued at approximately $39,000. Finally, ORG Wealth Partners LLC purchased a new stake in Bloom Energy in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Trading Up 6.8%

Shares of BE opened at $67.25 on Friday. The stock has a fifty day moving average of $39.96 and a two-hundred day moving average of $27.18. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. The company has a market capitalization of $15.74 billion, a PE ratio of 1,681.67 and a beta of 3.28. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $68.74.

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

Analyst Ratings Changes

BE has been the topic of a number of analyst reports. Mizuho lifted their price objective on Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Roth Capital lifted their price objective on Bloom Energy from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Susquehanna boosted their price target on Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their price target on Bloom Energy from $22.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Robert W. Baird boosted their price target on Bloom Energy from $45.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.18.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,128 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $43.44, for a total transaction of $92,440.32. Following the completion of the sale, the insider directly owned 232,365 shares of the company's stock, valued at approximately $10,093,935.60. This represents a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aman Joshi sold 4,870 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $43.36, for a total transaction of $211,163.20. Following the sale, the insider directly owned 224,361 shares of the company's stock, valued at approximately $9,728,292.96. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,477 shares of company stock valued at $14,924,815 in the last quarter. Company insiders own 3.60% of the company's stock.

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.

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