Defender Capital LLC. Makes New $478,000 Investment in Bloom Energy Corporation $BE

Key Points

• Defender Capital LLC has made a new investment of $478,000 in Bloom Energy Corporation, acquiring 20,000 shares, which now accounts for approximately 0.2% of their portfolio.
• Recently, several institutional investors have increased their holdings in Bloom Energy, with notable increases from Public Investment Fund (16.8% increase) and Goldman Sachs Group Inc. (50.3% increase).
• Bloom Energy's stock performance has been strong, with a current market cap of $25.74 billion and a notable price jump, reaching highs of $115.21 over the past twelve months.

Defender Capital LLC. bought a new position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the company's stock, valued at approximately $478,000. Bloom Energy makes up approximately 0.2% of Defender Capital LLC.'s portfolio, making the stock its 28th largest position.

A number of other institutional investors also recently modified their holdings of the company. Public Investment Fund lifted its holdings in shares of 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 purchasing an additional 546,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 821,814 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 836,810 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of 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 purchasing an additional 60,141 shares in the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new stake in shares of Bloom Energy in the first quarter valued at about $22,609,000. 77.04% of the stock is currently owned by institutional investors.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 20,000 shares of the business'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 transaction of $900,000.00. Following the transaction, the insider owned 234,493 shares of the company's stock, valued at $10,552,185. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aman Joshi sold 4,870 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $43.36, for a total value of $211,163.20. Following the transaction, the insider directly owned 224,361 shares in the company, valued at approximately $9,728,292.96. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 302,205 shares of company stock valued at $14,919,283. 3.50% of the stock is owned by insiders.

Bloom Energy Price Performance

Shares of NYSE BE opened at $110.00 on Tuesday. The business's 50 day moving average price is $63.06 and its two-hundred day moving average price is $36.20. The company has a market cap of $25.74 billion, a PE ratio of 2,750.59, a price-to-earnings-growth ratio of 137.79 and a beta of 3.48. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. Bloom Energy Corporation has a twelve month low of $9.02 and a twelve month high of $115.21.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BE. Robert W. Baird boosted their price target on Bloom Energy from $45.00 to $61.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Hsbc Global Res lowered Bloom Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 9th. Royal Bank Of Canada set a $75.00 target price on Bloom Energy in a report on Tuesday, September 30th. BTIG Research upped their target price on Bloom Energy from $42.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, Roth Capital upped their target price on Bloom Energy from $34.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.13.

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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