Bloom Energy Corporation $BE Shares Sold by Convergence Investment Partners LLC

Key Points

• Convergence Investment Partners cut its Bloom Energy stake by 62.1%, selling 27,815 shares and now holding 16,964 shares valued at about $1.435 million.
• Company insiders have been net sellers—120,410 shares sold in the last three months (≈$16.56M), including transactions by Aman Joshi and Maciej Kurzymski, leaving insiders with about 3.5% ownership.
• Analysts are mixed (average rating "Hold" and target $109.83) while the stock trades near $151 with a very high P/E of 840.94 and a 52‑week range of $15.15–$167.57.

Convergence Investment Partners LLC lowered its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 62.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,964 shares of the company's stock after selling 27,815 shares during the quarter. Convergence Investment Partners LLC's holdings in Bloom Energy were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new position in Bloom Energy in the second quarter valued at approximately $108,000. Mizuho Markets Americas LLC raised its position in Bloom Energy by 29.9% in the 2nd quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company's stock valued at $9,460,000 after purchasing an additional 90,980 shares during the last quarter. Udine Wealth Management Inc. grew its position in Bloom Energy by 27.8% during the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company's stock worth $5,325,000 after purchasing an additional 13,684 shares during the last quarter. Straight Path Wealth Management purchased a new stake in Bloom Energy during the 3rd quarter valued at approximately $1,099,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Bloom Energy in the third quarter valued at approximately $766,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 29th. Roth Mkm reiterated a "neutral" rating and issued a $103.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. Wedbush set a $39.00 target price on shares of Bloom Energy in a report on Tuesday, November 25th. Truist Financial set a $68.00 price target on shares of Bloom Energy in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Bloom Energy to $129.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $109.83.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $151.37 on Monday. The company has a market cap of $35.80 billion, a P/E ratio of 840.94, a P/E/G ratio of 12.75 and a beta of 3.07. The firm's fifty day moving average is $113.51 and its two-hundred day moving average is $88.94. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $167.57.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 4,543 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $109.13, for a total transaction of $495,777.59. Following the sale, the insider owned 219,818 shares in the company, valued at approximately $23,988,738.34. This represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the company's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 120,410 shares of company stock worth $16,557,185. 3.50% of the stock is currently owned by company insiders.

Bloom Energy 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.

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