Tocqueville Asset Management L.P. Has $800,000 Stake in Bloom Energy Corporation $BE

Key Points

• Tocqueville Asset Management L.P. reduced its stake in Bloom Energy by 12.3%, selling 5,700 shares and leaving it with 40,700 shares valued at approximately $800,000 as of the latest SEC filing.
• Institutional investors and hedge funds own 77.04% of Bloom Energy stock, with major acquisitions from firms like Fuller & Thaler and Voloridge increasing their stakes significantly in Q4.
• Bloom Energy reported earnings of $0.10 per share for the last quarter, surpassing analysts' expectations, and had a revenue of $401.24 million, a 19.5% increase year-over-year.

Tocqueville Asset Management L.P. decreased its holdings in Bloom Energy Corporation (NYSE:BE - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,700 shares of the company's stock after selling 5,700 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Bloom Energy were worth $800,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new position in Bloom Energy in the 4th quarter valued at $61,968,000. Voloridge Investment Management LLC increased its holdings in Bloom Energy by 323.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company's stock valued at $31,992,000 after purchasing an additional 1,100,352 shares during the last quarter. DigitalBridge Group Inc. increased its holdings in Bloom Energy by 5.7% in the fourth quarter. DigitalBridge Group Inc. now owns 1,418,257 shares of the company's stock valued at $31,499,000 after purchasing an additional 75,974 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Bloom Energy by 306.3% in the fourth quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock worth $30,736,000 after acquiring an additional 1,043,326 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Bloom Energy by 98.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,380,034 shares of the company's stock worth $30,651,000 after acquiring an additional 685,100 shares in the last quarter. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Performance

NYSE:BE traded up $3.77 on Friday, hitting $48.60. The company's stock had a trading volume of 11,527,936 shares, compared to its average volume of 7,392,283. The company has a current ratio of 4.99, a quick ratio of 3.21 and a debt-to-equity ratio of 2.18. The stock has a fifty day moving average of $30.38 and a two-hundred day moving average of $24.12. The firm has a market capitalization of $11.37 billion, a P/E ratio of 1,215.30 and a beta of 3.28. Bloom Energy Corporation has a one year low of $9.02 and a one year high of $48.97.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $401.24 million for the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Bloom Energy has set its FY 2025 guidance at EPS. Research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 45,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $43.31, for a total transaction of $1,948,950.00. Following the transaction, the insider owned 229,682 shares in the company, valued at $9,947,527.42. This trade represents a 16.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Satish Chitoori sold 20,000 shares of the firm'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 transaction, the insider owned 234,493 shares in the company, valued at approximately $10,552,185. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,522 shares of company stock worth $3,580,387 in the last ninety days. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BE. JPMorgan Chase & Co. upgraded Bloom Energy from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $18.00 to $33.00 in a report on Wednesday, July 9th. Roth Capital upped their price objective on Bloom Energy from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Piper Sandler reduced their price objective 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. Wells Fargo & Company upped their price objective 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. Finally, Susquehanna upped their price objective on Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. 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 company has an average rating of "Moderate Buy" and a consensus target price of $26.39.

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.