Jump Financial LLC Raises Stock Holdings in Bloom Energy Corporation $BE

Key Points

• Jump Financial LLC boosted its stake in Bloom Energy by 137.8% in Q2 to 332,722 shares (about 0.14% ownership), buying an additional 192,790 shares valued at roughly $7.96 million.
• Insiders have been net sellers recently — 119,589 shares were sold in the last three months for about $16.44 million (insiders now own 3.5%); Director Mary K. Bush alone sold 36,000 shares for roughly $5.14 million.
• Bloom beat the quarter (EPS $0.15 vs. $0.08; revenue $519.05M vs. $425.18M, up 57.1% YoY) but analysts maintain a consensus "Hold" with a $93.77 target, while the stock trades at a very high P/E and a wide 52‑week range ($15.15–$147.86).

Jump Financial LLC boosted its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 137.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,722 shares of the company's stock after purchasing an additional 192,790 shares during the period. Jump Financial LLC owned about 0.14% of Bloom Energy worth $7,959,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Banque Transatlantique SA raised its stake in shares of Bloom Energy by 227.6% during 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 during the period. Harbour Investments Inc. increased its holdings in Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock worth $31,000 after buying an additional 1,512 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Bloom Energy in the second quarter worth about $36,000. NewEdge Advisors LLC grew its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after acquiring an additional 1,626 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Bloom Energy by 1,560.8% in the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company's stock worth $50,000 after purchasing an additional 1,951 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer reissued a "market perform" rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Wedbush set a $39.00 price objective on Bloom Energy in a report on Tuesday, November 25th. Morgan Stanley upped their price objective on shares of Bloom Energy to $155.00 and gave the company an "overweight" rating in a report on Wednesday, October 29th. Wells Fargo & Company lifted their target price on shares of Bloom Energy to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 21st. Finally, Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of "Hold" and a consensus target price of $93.77.

Insider Activity

In other news, insider Aman Joshi sold 4,543 shares of the business's stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the sale, the insider directly owned 219,818 shares in the company, valued at approximately $23,988,738.34. The trade was a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary K. Bush sold 36,000 shares of the business's stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the completion of the sale, the director directly owned 133,524 shares of the company's stock, valued at $19,069,897.68. This represents a 21.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 119,589 shares of company stock worth $16,439,742. 3.50% of the stock is currently owned by insiders.

Bloom Energy Price Performance

Bloom Energy stock opened at $111.75 on Tuesday. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 662.11, a PEG ratio of 75.27 and a beta of 3.00. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98. The business has a 50-day simple moving average of $108.89 and a 200 day simple moving average of $63.25. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $147.86.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $519.05 million for the quarter, compared to the consensus estimate of $425.18 million. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. Bloom Energy's quarterly revenue was up 57.1% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal 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.

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