Caxton Associates LLP Purchases New Position in Bloom Energy Corporation $BE

Key Points

• Caxton Associates LLP has invested approximately $384,000 in Bloom Energy by acquiring 19,556 shares during the first quarter of the year.
• Bloom Energy's stock has seen significant insider trading, with insider Shawn Marie Soderberg selling 25,000 shares worth $1.3 million, and over the last ninety days, insiders sold a total of 308,477 shares.
• Recent analysts' ratings have increased Bloom Energy's price targets, with Morgan Stanley raising its target from $35.00 to $44.00 and Wells Fargo increasing the target from $38.00 to $65.00, reflecting strong investor interest.

Caxton Associates LLP purchased a new stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,556 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors also recently bought and sold shares of the company. Public Investment Fund lifted its holdings in Bloom Energy by 16.8% in the first quarter. Public Investment Fund now owns 3,803,770 shares of the company's stock valued at $74,782,000 after acquiring an additional 546,372 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Bloom Energy by 29.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,611,925 shares of the company's stock valued at $71,010,000 after acquiring an additional 821,814 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company's stock valued at $49,127,000 after acquiring an additional 836,810 shares during the period. Northern Trust Corp lifted its holdings in Bloom Energy by 3.2% in the first quarter. Northern Trust Corp now owns 1,916,535 shares of the company's stock valued at $37,679,000 after acquiring an additional 60,141 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in Bloom Energy by 323.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company's stock valued at $31,992,000 after acquiring an additional 1,100,352 shares during the period. Institutional investors own 77.04% of the company's stock.

Insider Activity

In related news, insider Satish Chitoori sold 400 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $71.16, for a total transaction of $28,464.00. Following the completion of the sale, the insider owned 231,965 shares in the company, valued at approximately $16,506,629.40. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $52.00, for a total value of $1,300,000.00. Following the sale, the insider owned 225,949 shares of the company's stock, valued at $11,749,348. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,205 shares of company stock valued at $14,919,283 in the last three months. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BE has been the topic of a number of recent research reports. Susquehanna increased their target price on Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a report on Monday, July 21st. UBS Group upped their price target on Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Roth Capital upped their price target on Bloom Energy from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their price target on Bloom Energy from $38.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, September 12th. Finally, Mizuho upped their price target on Bloom Energy from $26.00 to $31.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Bloom Energy has an average rating of "Moderate Buy" and a consensus target price of $29.61.

Bloom Energy Price Performance

Shares of NYSE:BE traded up $1.41 during trading on Thursday, hitting $81.08. 15,358,150 shares of the company's stock were exchanged, compared to its average volume of 10,925,358. The company has a debt-to-equity ratio of 2.18, a current ratio of 4.99 and a quick ratio of 3.21. Bloom Energy Corporation has a 52-week low of $9.02 and a 52-week high of $84.02. The business's 50-day simple moving average is $44.78 and its 200 day simple moving average is $28.92. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 2,027.51 and a beta of 3.28.

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

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.