Bloom Energy Corporation $BE Stock: Kercheville Advisors LLC Boosts Holdings

Key Points

• Kercheville Advisors increased its Bloom Energy stake by 69% in the third quarter to 31,712 shares valued at approximately $8.8 million. Hedge funds and institutional investors collectively own 77.04% of the company.
• Bloom Energy reported quarterly EPS of $0.78, beating estimates of $0.39, while revenue reached $1.07 billion and rose 165.5% year over year.
• Analysts maintain a consensus rating of “Moderate Buy” with an average price target of $260.05, while insiders sold roughly $21.8 million of stock over the past three months.

Kercheville Advisors LLC raised its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 69.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,712 shares of the company's stock after purchasing an additional 12,947 shares during the quarter. Bloom Energy accounts for approximately 2.4% of Kercheville Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Kercheville Advisors LLC's holdings in Bloom Energy were worth $8,784,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in shares of Bloom Energy during the 2nd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. lifted its holdings in shares of Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock valued at $34,000 after buying an additional 37 shares during the period. Markowski Investments purchased a new stake in shares of Bloom Energy in the second quarter worth about $37,000. Bogart Wealth LLC boosted its stake in shares of Bloom Energy by 725.0% in the second quarter. Bogart Wealth LLC now owns 132 shares of the company's stock worth $40,000 after buying an additional 116 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

Shares of Bloom Energy stock traded up $4.55 on Monday, hitting $225.86. The company's stock had a trading volume of 9,940,285 shares, compared to its average volume of 13,011,356. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy Corporation has a 1 year low of $75.70 and a 1 year high of $351.28. The firm has a fifty day moving average price of $249.30 and a 200-day moving average price of $246.99. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 301.15, a price-to-earnings-growth ratio of 2.86 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. Bloom Energy's quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BE has been the subject of a number of analyst reports. Truist Financial boosted their price target on Bloom Energy from $218.00 to $240.00 and gave the company a "hold" rating in a report on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $335.00 price objective on shares of Bloom Energy in a research note on Monday, September 28th. Citigroup reiterated a "hold" rating on shares of Bloom Energy in a research note on Thursday, July 16th. JPMorgan Chase & Co. decreased their target price on shares of Bloom Energy from $346.00 to $314.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. Finally, UBS Group increased their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bloom Energy has a consensus rating of "Moderate Buy" and a consensus price target of $260.05.

Insiders Place Their Bets

In other news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the transaction, the director owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the transaction, the chief accounting officer owned 77,391 shares in the company, valued at $20,773,292.22. This trade represents a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is owned by insiders.

Bloom Energy Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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