Nomura Holdings Inc. Sells 105,844 Shares of Bloom Energy Corporation $BE

Key Points

• Nomura Holdings Inc. has reduced its stake in Bloom Energy Corporation by 11.1%, selling 105,844 shares to end the quarter with 847,210 shares valued at $16.66 million.
• Bloom Energy's stock is currently down by 3.3%, and it has experienced a 12-month price range with a low of $9.02 and a high of $55.07.
• The company reported an earnings per share (EPS) of $0.10, exceeding analysts' estimates, and its revenue increased by 19.5% compared to the previous year.

Nomura Holdings Inc. decreased its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 847,210 shares of the company's stock after selling 105,844 shares during the quarter. Nomura Holdings Inc. owned about 0.36% of Bloom Energy worth $16,656,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tree Line Advisors Hong Kong Ltd. bought a new stake in Bloom Energy during the first quarter worth approximately $22,609,000. Voloridge Investment Management LLC boosted its position in Bloom Energy by 323.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company's stock worth $31,992,000 after purchasing an additional 1,100,352 shares during the period. Driehaus Capital Management LLC bought a new stake in Bloom Energy during the first quarter worth approximately $21,066,000. Wellington Management Group LLP boosted its position in Bloom Energy by 306.3% during the fourth quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock worth $30,736,000 after purchasing an additional 1,043,326 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Bloom Energy during the fourth quarter worth approximately $20,871,000. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Down 3.3%

Shares of BE stock opened at $53.00 on Monday. Bloom Energy Corporation has a 12 month low of $9.02 and a 12 month high of $55.07. The firm has a market cap of $12.40 billion, a PE ratio of 1,325.33 and a beta of 3.28. The stock has a 50 day moving average of $33.89 and a 200-day moving average of $25.24. 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 (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.08. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The company had revenue of $401.24 million during the quarter, compared to analyst estimates of $382.23 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Bloom Energy has set its FY 2025 guidance at EPS. On average, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BE. Piper Sandler decreased their target price on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Roth Capital upped their target price 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 target price on Bloom Energy from $22.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised Bloom Energy from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $18.00 to $33.00 in a research report on Wednesday, July 9th. Finally, UBS Group upped their target price on Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.39.

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 20,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the completion of the transaction, the insider directly owned 234,493 shares in the company, valued at approximately $10,552,185. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 45,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $43.31, for a total value of $1,948,950.00. Following the completion of the transaction, the insider owned 229,682 shares of the company's stock, valued at $9,947,527.42. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 308,477 shares of company stock valued at $14,924,815 in the last ninety days. 3.60% of the stock is currently owned by insiders.

About Bloom Energy

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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