Bloom Energy Corporation $BE Stock Sold by Jackson Square Capital LLC

Key Points

• Jackson Square Capital cut its Bloom Energy stake by 79.6% in the third quarter, selling 6,385 shares and retaining 1,640 shares valued at approximately $454,000. Institutional investors collectively own 77.04% of Bloom Energy.
• Analyst sentiment remains broadly positive, with Bloom Energy holding a consensus “Moderate Buy” rating and an average price target of $260.05. However, ratings include 13 Holds, 12 Buys or Strong Buys, and one Sell.
• Bloom Energy reported quarterly EPS of $0.78 versus the $0.39 consensus estimate, while revenue rose 165.5% year over year to $1.07 billion. The stock recently traded at $227.19, with insiders having sold roughly $21.8 million of shares over the past 90 days.

Jackson Square Capital LLC decreased its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 79.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640 shares of the company's stock after selling 6,385 shares during the quarter. Jackson Square Capital LLC's holdings in Bloom Energy were worth $454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after buying an additional 51 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Bloom Energy in the second quarter worth about $25,000. Anchor Investment Management LLC purchased a new stake in shares of Bloom Energy during the first quarter worth about $27,000. Godsey & Gibb Inc. grew its stake in shares of Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. increased its holdings in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup restated a "hold" rating on shares of Bloom Energy in a research note on Thursday, July 16th. Zacks Research cut shares of Bloom Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Wall Street Zen upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, Barclays boosted their price objective on shares of Bloom Energy from $276.00 to $308.00 and gave the company an "equal weight" rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Bloom Energy has a consensus rating of "Moderate Buy" and an average price target of $260.05.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 89,698 shares of company stock worth $21,780,758. Corporate insiders own 3.00% of the company's stock.

Bloom Energy Stock Performance

Shares of NYSE:BE traded up $5.88 during trading on Monday, hitting $227.19. The stock had a trading volume of 6,185,214 shares, compared to its average volume of 12,990,677. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28. The stock has a market capitalization of $66.91 billion, a price-to-earnings ratio of 303.67, a price-to-earnings-growth ratio of 2.86 and a beta of 3.77. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. The stock has a 50-day simple moving average of $249.30 and a two-hundred day simple moving average of $246.99.

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

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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