Eleva Capital SAS Purchases 3,801 Shares of Bloom Energy Corporation $BE

Key Points

• Eleva Capital SAS acquired 3,801 Bloom Energy shares worth approximately $1.05 million, making the stock 0.9% of its portfolio. Institutional investors collectively own 77.04% of Bloom Energy.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $257.18, though targets range from $227 to $351.
• Bloom Energy shares rose 3.5% to $296.67, while the company reported quarterly EPS of $0.78 versus the $0.39 consensus and revenue of $1.07 billion, up 165.5% year over year.

Eleva Capital SAS acquired a new position in Bloom Energy Corporation (NYSE:BE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,801 shares of the company's stock, valued at approximately $1,053,000. Bloom Energy makes up 0.9% of Eleva Capital SAS's holdings, making the stock its 24th largest holding.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC bought a new stake in Bloom Energy in the second quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. grew its stake 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 worth $34,000 after purchasing an additional 37 shares during the last quarter. Markowski Investments bought a new stake in shares of Bloom Energy in the 2nd quarter worth approximately $37,000. Bogart Wealth LLC lifted its stake in Bloom Energy by 725.0% during the second quarter. Bogart Wealth LLC now owns 132 shares of the company's stock valued at $40,000 after purchasing an additional 116 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its holdings in Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BE. Mizuho increased their price objective on Bloom Energy from $242.00 to $351.00 and gave the company an "outperform" rating in a research report on Monday, September 14th. BTIG Research reaffirmed a "buy" rating and set a $295.00 target price on shares of Bloom Energy in a research report on Wednesday, July 29th. BMO Capital Markets decreased their price target on Bloom Energy from $279.00 to $227.00 and set a "market perform" rating for the company in a research report on Wednesday, July 29th. Wall Street Zen raised Bloom Energy from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $257.18.

Insider Activity at Bloom Energy

In other news, insider Shawn Soderberg 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 $270.07, for a total value of $775,100.90. Following the transaction, the insider owned 126,500 shares of the company's stock, valued at $34,163,855. This trade represents a 2.22% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,295 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total transaction of $616,023.90. Following the sale, the chief accounting officer directly owned 77,391 shares of the company's stock, valued at approximately $20,773,292.22. This represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,698 shares of company stock worth $21,780,758 in the last 90 days. Insiders own 3.00% of the company's stock.

Bloom Energy Stock Up 3.5%

Shares of NYSE:BE traded up $10.02 during midday trading on Tuesday, hitting $296.67. 6,266,078 shares of the stock were exchanged, compared to its average volume of 12,953,869. The company has a market capitalization of $87.38 billion, a PE ratio of 395.63, a P/E/G ratio of 3.70 and a beta of 3.77. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The business's fifty day simple moving average is $239.54 and its two-hundred day simple moving average is $239.48.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm's revenue was up 165.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, research analysts predict that Bloom Energy Corporation will post 2.06 earnings per share for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation NYSE: BE develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company's distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.

Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.