Bloom Energy Corporation $BE Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has reduced its holdings in Bloom Energy Corporation by 6.6%, now owning approximately 0.19% of the company, valued at $8.43 million.
• In recent transactions, various institutional investors have modified their stakes in Bloom Energy, with Nisa Investment Advisors LLC increasing its position by 47.2% during the first quarter.
• Bloom Energy's stock has seen significant upward movement, opening at $48.55 and reporting a quarterly revenue increase of 19.5% year-over-year, outperforming analysts' expectations.

Hsbc Holdings PLC reduced its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,773 shares of the company's stock after selling 30,354 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Bloom Energy worth $8,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC grew its stake in shares of Bloom Energy by 23.7% during the first quarter. CWM LLC now owns 3,360 shares of the company's stock worth $66,000 after acquiring an additional 644 shares during the last quarter. Xponance Inc. lifted its stake in shares of Bloom Energy by 6.4% during the first quarter. Xponance Inc. now owns 15,484 shares of the company's stock worth $304,000 after buying an additional 935 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Bloom Energy by 1.7% during the fourth 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 during the period. Nisa Investment Advisors LLC grew its holdings in shares of Bloom Energy by 47.2% during the first quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company's stock valued at $66,000 after buying an additional 1,081 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Bloom Energy by 3.7% in the 1st quarter. Sei Investments Co. now owns 33,424 shares of the company's stock valued at $691,000 after acquiring an additional 1,184 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Trading Up 8.3%

Shares of Bloom Energy stock opened at $48.55 on Monday. The firm has a 50-day simple moving average of $30.92 and a two-hundred day simple moving average of $24.29. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $48.97. The company has a market cap of $11.36 billion, a P/E ratio of 1,214.05 and a beta of 3.28.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. The firm had revenue of $401.24 million for 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Maciej Kurzymski sold 1,012 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $25.27, for a total transaction of $25,573.24. Following the completion of the transaction, the insider directly owned 108,848 shares of the company's stock, valued at $2,750,588.96. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Marie Soderberg sold 1,465 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $46.35, for a total transaction of $67,902.75. Following the transaction, the insider owned 225,949 shares of the company's stock, valued at $10,472,736.15. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,522 shares of company stock valued at $3,580,387 over the last ninety days. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley lifted their price target on Bloom Energy from $35.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Susquehanna raised their price objective on Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. UBS Group upped their target price on Bloom Energy from $29.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Roth Capital raised their price target on shares of Bloom Energy from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Mizuho lifted their price objective on shares of Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.39.

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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