Bosun Asset Management LLC Increases Holdings in Bloom Energy Corporation $BE

Key Points

• Bosun Asset Management LLC increased its holdings in Bloom Energy Corporation by 280% in Q1, now owning 118,862 shares, which constitutes about 1.0% of its total portfolio.
• Despite a net margin of just 1.45%, Bloom Energy reported a 19.5% year-over-year increase in revenue, totaling $401.24 million for the quarter.
• Several analysts have upgraded their price targets for Bloom Energy, with UBS lifting its price objective from $29.00 to $41.00 and Morgan Stanley raising theirs from $35.00 to $44.00, indicating strong market interest.

Bosun Asset Management LLC increased its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 280.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,862 shares of the company's stock after acquiring an additional 87,581 shares during the quarter. Bloom Energy comprises about 1.0% of Bosun Asset Management LLC's holdings, making the stock its 14th biggest holding. Bosun Asset Management LLC owned 0.05% of Bloom Energy worth $2,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BE. Harbour Investments Inc. boosted its position in shares of Bloom Energy by 2,160.0% during the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after acquiring an additional 1,512 shares during the last quarter. Banque Transatlantique SA boosted its holdings in shares of Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock worth $30,000 after purchasing an additional 1,161 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Bloom Energy during the 1st quarter valued at about $41,000. Vision Financial Markets LLC purchased a new position in shares of Bloom Energy during the 1st quarter valued at about $39,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Bloom Energy in the 4th quarter worth approximately $49,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy Trading Up 2.2%

NYSE BE opened at $52.48 on Thursday. The stock's 50 day moving average is $35.69 and its 200 day moving average is $25.80. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $12.28 billion, a PE ratio of 1,312.33 and a beta of 3.28. Bloom Energy Corporation has a twelve month low of $9.02 and a twelve month high of $55.07.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $401.24 million during the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share. Bloom Energy has set its FY 2025 guidance at EPS. Research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BE has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Mizuho raised their price objective on Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Morgan Stanley lifted their price objective on Bloom Energy from $35.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Susquehanna upped their price target on shares of Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. upgraded shares of Bloom Energy from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $18.00 to $33.00 in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of "Moderate Buy" and a consensus target price of $26.39.

Insider Buying and Selling at Bloom Energy

In other news, CEO Kr Sridhar sold 60,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,368,951 shares in the company, valued at approximately $117,736,864.70. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the completion of the sale, the insider owned 234,493 shares in the company, valued at $10,552,185. The trade was a 7.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 308,477 shares of company stock valued at $14,924,815. 3.60% of the stock is currently owned by company insiders.

Bloom Energy 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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