RWQ Financial Management Services Inc. Makes New Investment in Bloom Energy Corporation $BE

Key Points

• RWQ Financial Management Services initiated a Bloom Energy position by purchasing 11,745 shares worth approximately $3.25 million, representing 1.8% of its portfolio. Institutional investors collectively own 77.04% of the company.
• Bloom Energy insiders sold 89,698 shares worth about $21.8 million during the quarter, while the company’s chief accounting officer’s sale was disclosed as covering tax obligations tied to vested equity awards.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and a $260.05 target price. Shares recently traded at $225, while the company reported quarterly revenue of $1.07 billion and EPS of $0.78, exceeding estimates.

RWQ Financial Management Services Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,745 shares of the company's stock, valued at approximately $3,253,000. Bloom Energy comprises approximately 1.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds have also made changes to their positions in the company. SteelPeak Wealth LLC raised its stake in shares of Bloom Energy by 5.6% during the 3rd quarter. SteelPeak Wealth LLC now owns 15,664 shares of the company's stock worth $4,339,000 after buying an additional 826 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Bloom Energy in the 3rd quarter worth about $297,000. CRA Financial Services LLC grew its stake in Bloom Energy by 22.5% in the 3rd quarter. CRA Financial Services LLC now owns 866 shares of the company's stock valued at $240,000 after acquiring an additional 159 shares during the last quarter. Encompass More Asset Management acquired a new stake in Bloom Energy in the 3rd quarter valued at about $871,000. Finally, KRS Capital Management LLC acquired a new stake in Bloom Energy in the 3rd quarter valued at about $504,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In related news, insider Aman Joshi sold 8,437 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the transaction, the insider owned 147,092 shares of the company's stock, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Maciej Kurzymski sold 2,295 shares of the firm's stock in a transaction that occurred 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 owned 77,391 shares in the company, valued at approximately $20,773,292.22. This trade represents a 2.88% decrease in their position. 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. Over the last quarter, insiders sold 89,698 shares of company stock valued at $21,780,758. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Bloom Energy in a report on Tuesday, July 21st. Jefferies Financial Group upped their price target on shares of Bloom Energy from $229.00 to $264.00 and gave the company a "hold" rating in a report on Tuesday, September 29th. UBS Group upped their price target on shares of Bloom Energy from $325.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $282.00 price objective on shares of Bloom Energy in a research note on Wednesday, October 7th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.05.

Bloom Energy Price Performance

Shares of NYSE:BE traded up $3.69 on Monday, hitting $225.00. The company had a trading volume of 6,631,275 shares, compared to its average volume of 12,993,721. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The business has a 50 day moving average of $249.30 and a 200 day moving average of $246.99. The company has a market cap of $66.27 billion, a PE ratio of 299.96, a PEG ratio of 2.86 and a beta of 3.77.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm's quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts anticipate that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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