R Squared Ltd acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,888 shares of the company's stock, valued at approximately $685,000.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company's stock valued at $1,759,726,000 after acquiring an additional 1,240,819 shares during the period. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $402,494,000. Trivest Advisors Ltd grew its stake in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company's stock valued at $289,229,000 after acquiring an additional 3,201,000 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company's stock valued at $49,127,000 after acquiring an additional 836,810 shares during the period. Finally, Man Group plc grew its stake in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company's stock valued at $57,239,000 after acquiring an additional 1,530,167 shares during the period. 77.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Royal Bank Of Canada set a $143.00 price objective on Bloom Energy in a research note on Tuesday, January 20th. BTIG Research boosted their price objective on Bloom Energy to $165.00 and gave the company a "buy" rating in a research note on Friday, February 6th. TD Cowen boosted their price objective on Bloom Energy to $160.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Susquehanna dropped their price target on Bloom Energy to $173.00 and set a "positive" rating for the company in a research note on Thursday, April 9th. Finally, Mizuho upped their price target on Bloom Energy to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $155.95.
View Our Latest Stock Analysis on Bloom Energy
Bloom Energy News Roundup
Here are the key news stories impacting Bloom Energy this week:
Insider Buying and Selling
In related news, insider Shawn Marie Soderberg sold 25,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $225.13, for a total value of $5,628,250.00. Following the completion of the sale, the insider directly owned 140,732 shares in the company, valued at $31,682,995.16. This trade represents a 15.08% 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 10,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the sale, the insider owned 180,521 shares of the company's stock, valued at approximately $24,529,193.48. This represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 455,092 shares of company stock valued at $78,564,475 in the last three months. Corporate insiders own 3.00% of the company's stock.
Bloom Energy Price Performance
Bloom Energy stock opened at $234.75 on Tuesday. The company has a market cap of $65.86 billion, a price-to-earnings ratio of -617.77, a PEG ratio of 9.28 and a beta of 3.18. The firm's fifty day moving average is $165.53 and its 200 day moving average is $134.97. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. Bloom Energy Corporation has a 52-week low of $16.05 and a 52-week high of $242.20.
Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. Bloom Energy's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 1 EPS for the current fiscal year.
Bloom Energy Profile
(
Free Report)
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.
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