Sigma Planning Corp Trims Stock Position in Bloom Energy Corporation $BE

Sigma Planning Corp lessened its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 40.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,267 shares of the company's stock after selling 9,567 shares during the period. Sigma Planning Corp's holdings in Bloom Energy were worth $4,319,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after purchasing an additional 51 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Bloom Energy in the 1st quarter worth $27,000. Hantz Financial Services Inc. grew its position in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock worth $28,000 after buying an additional 100 shares in the last quarter. Godsey & Gibb Inc. grew its position in shares of Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company's stock worth $28,000 after buying an additional 200 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Bloom Energy during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider owned 163,807 shares in the company, valued at $49,202,708.59. The trade was a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Chambers sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the sale, the director directly owned 208,333 shares of the company's stock, valued at $52,083,250. The trade was a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 89,464 shares of company stock worth $22,131,255. 3.00% of the stock is owned by corporate insiders.

More Bloom Energy News

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

• Positive Sentiment: AI data-center demand remains the primary bullish catalyst. Bloom’s solid-oxide fuel cells can provide onsite electricity much faster than traditional grid infrastructure, supporting demand from data centers with urgent power needs. Analysts and bullish investors point to expanding deployments, constructive backlog expectations and the potential for backlog growth beyond the company’s previously reported $20 billion level. Prediction: Bloom Energy's Backlog Will Top $50 Billion Before Year's End
• Positive Sentiment: Power Connect could improve execution and accelerate revenue conversion. Bloom says its factory-integrated system pre-wires and tests equipment before delivery, potentially reducing onsite installation time by more than 40% and making the company’s solutions more attractive for rapidly expanding AI infrastructure projects. Bloom Energy Is Up 7.6% After Launching Power Connect To Speed Data Center Deployments
• Positive Sentiment: Recent fundamentals and comparisons remain supportive. Bloom recently exceeded quarterly EPS and revenue expectations, while coverage has highlighted its stronger AI-power growth outlook relative to FuelCell Energy and other energy-storage competitors. Bloom Energy vs. FuelCell Energy: Which Fuel Cell Stock Has an Edge?

Bloom Energy Trading Down 0.7%

Shares of NYSE BE opened at $209.37 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The stock has a market capitalization of $61.67 billion, a P/E ratio of 279.16, a price-to-earnings-growth ratio of 2.89 and a beta of 3.79. Bloom Energy Corporation has a 1-year low of $48.87 and a 1-year high of $351.28. The business has a fifty day moving average price of $235.51 and a 200 day moving average price of $219.52.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm's revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Equities research analysts expect that Bloom Energy Corporation will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BE shares. Sanford C. Bernstein restated a "market perform" rating and issued a $282.00 price objective on shares of Bloom Energy in a report on Thursday. Barclays increased their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 23rd. Citigroup reissued a "hold" rating on shares of Bloom Energy in a research report on Thursday, July 16th. Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $335.00 price target on shares of Bloom Energy in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $248.05.

Bloom Energy 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source