Bloom Energy Corporation $BE Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors cut its Bloom Energy stake by 74.1% in the third quarter, selling 10,333 shares and retaining 3,618 shares valued at about $1.0 million. Institutional investors and hedge funds collectively own roughly 77% of the stock.
• Bloom Energy reported strong quarterly results: EPS of $0.94 beat the $0.69 consensus, while revenue of $1.24 billion rose 138.1% year over year. The article also highlights growing data-center power demand and major fuel-cell project opportunities.
• Analyst opinion is mixed, with a consensus “Hold” rating and an average $263.05 price target. Valuation and insider selling are potential risks; directors and other insiders sold shares recently.

Calamos Advisors LLC lessened its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 74.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,618 shares of the company's stock after selling 10,333 shares during the period. Calamos Advisors LLC's holdings in Bloom Energy were worth $1,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BE. Jennison Associates LLC raised its holdings in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company's stock valued at $364,066,000 after buying an additional 2,673,710 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 worth $299,688,000 after buying an additional 126,649 shares during the period. 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 worth $401,849,000 after acquiring an additional 583,135 shares during the period. Elemental Capital Partners LLC increased its holdings in Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company's stock valued at $287,791,000 after purchasing an additional 25,625 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bloom Energy in the 2nd quarter valued at about $296,413,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Stock Performance

BE opened at $193.97 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average of $245.69 and a 200-day moving average of $221.20. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28. The stock has a market cap of $57.35 billion, a price-to-earnings ratio of 119.00, a PEG ratio of 2.02 and a beta of 3.63.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $0.15 earnings per share. The company's quarterly revenue was up 138.1% on a year-over-year basis. On average, equities research analysts expect that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Analysts Set New Price Targets

BE has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $242.00 price objective on shares of Bloom Energy in a research note on Friday, October 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $335.00 target price on shares of Bloom Energy in a research note on Monday. TD Cowen raised shares of Bloom Energy to a "hold" rating in a research note on Monday, October 5th. UBS Group increased their target price on Bloom Energy from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, October 7th. Finally, BTIG Research lowered their price objective on shares of Bloom Energy from $295.00 to $250.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $263.05.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom’s data-center opportunity gained attention after reports highlighted about 1.6 gigawatts of fuel-cell projects, including a 900-megawatt agreement with NTT DATA and its role in Google’s planned Wyoming project. The deals reinforce demand for on-site power as data centers face grid constraints. Why Bloom Energy Stock Popped Today
• Positive Sentiment: Recent operating results provide further support: third-quarter revenue rose 138%, and Bloom raised its full-year guidance again. Is Bloom Energy Really Worth $200 Right Now? Here's the Math.
• Neutral Sentiment: Some investors see clean, on-site fuel cells as a way for data centers to secure power while limiting pressure on the grid. That demand thesis could benefit Bloom, but its scale depends on projects moving forward and customers continuing to invest. Bloom Energy Blooming With Huge Electricity Demand
• Negative Sentiment: Valuation is a key concern: at roughly $200 a share, the stock was described as trading at more than 60 times the midpoint of projected 2026 adjusted EPS, leaving little room for execution disappointments. Is Bloom Energy Really Worth $200 Right Now? Here's the Math.
• Negative Sentiment: Quiver’s six-month data showed 24 open-market insider sales and no purchases, a potential cautionary signal, though it does not establish the reason for those transactions. Bloom Energy rises as investors refocus on major data-center power deals

Insider Activity at Bloom Energy

In related news, Director John Chambers sold 15,000 shares of Bloom Energy stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director directly owned 208,333 shares of the company's stock, valued at approximately $52,083,250. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Immelt sold 30,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares of the company's stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 85,859 shares of company stock valued at $20,994,650 in the last 90 days. Corporate insiders own 3.00% of the company's stock.

About Bloom Energy

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.

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.