Geode Capital Management LLC Boosts Stock Position in Bloom Energy Corporation $BE

Key Points

• Geode Capital Management increased its Bloom Energy stake by 5.4% in the fourth quarter, bringing its holdings to 5,277,461 shares worth about $461.3 million.
• Bloom Energy continues to attract bullish analyst coverage, including a Daiwa upgrade to Outperform with a $324 price target, while the broader consensus remains Moderate Buy.
• The company posted a strong quarter, with EPS of $0.44 and revenue of $751.05 million, both well above estimates and up sharply year over year.

Geode Capital Management LLC grew its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,277,461 shares of the company's stock after buying an additional 269,662 shares during the period. Geode Capital Management LLC owned 2.23% of Bloom Energy worth $461,272,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BE. WPG Advisers LLC boosted its stake in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company's stock worth $28,000 after acquiring an additional 67 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock worth $28,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp bought a new position in shares of Bloom Energy in the third quarter worth about $32,000. NewEdge Advisors LLC boosted its stake in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock worth $37,000 after acquiring an additional 1,626 shares during the period. Finally, Lodestone Wealth Management LLC bought a new position in shares of Bloom Energy in the fourth quarter worth about $43,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy continues to get bullish attention from analysts and media, including a recent Daiwa upgrade to Outperform with a $324 price target, citing an inflection in orders, capacity, and margins. Here’s Why Bloom Energy (BE) Is Among the Best Future Stocks to Buy Right Now
• Positive Sentiment: Recent commentary also highlights Bloom Energy’s strong growth outlook, with articles pointing to rising interest in its fuel-cell technology and improving earnings potential. Bloom Energy: Spare Capacity May Lead To Surging EPS Growth
• Neutral Sentiment: Several comparison pieces versus FuelCell Energy kept Bloom in the spotlight, with analysts favoring BE’s estimate upgrades and return on invested capital over FCEL’s lower leverage. Bloom Energy vs. FuelCell Energy: Which Clean Energy Stock Leads?
• Negative Sentiment: The main driver of weakness appears to be profit-taking after a steep recent move, as traders unwind positions tied to the AI data-center power-demand theme. Bloom Energy Stock Is Sliding: What's Driving The Move?
• Negative Sentiment: Another note from Thursday said BE was already slipping as investors reassessed how much upside was left after the recent surge. What's Going On With Bloom Energy Stock Today?

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares of the company's stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the transaction, the insider directly owned 341,731 shares of the company's stock, valued at approximately $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 268,777 shares of company stock valued at $55,112,564 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BE shares. Zacks Research raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. TD Cowen upped their price objective on Bloom Energy to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, April 29th. Citigroup reaffirmed a "neutral" rating on shares of Bloom Energy in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bloom Energy in a research note on Friday, April 24th. Finally, Robert W. Baird upped their price objective on Bloom Energy to $242.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.48.

Bloom Energy Price Performance

Shares of Bloom Energy stock opened at $284.48 on Monday. The stock has a 50 day moving average of $220.81 and a 200 day moving average of $160.38. Bloom Energy Corporation has a 12 month low of $18.12 and a 12 month high of $322.83. The firm has a market cap of $80.92 billion, a PE ratio of -5,688.50 and a beta of 3.74. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm's revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, research analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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.