Bloom Energy Corporation $BE Shares Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its stake in Bloom Energy Corporation (NYSE:BE) by 55.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,719 shares of the company’s stock after purchasing an additional 3,450 shares during the quarter. Praxis Investment Management Inc.’s holdings in Bloom Energy were worth $1,317,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio raised its position in shares of Bloom Energy by 24.8% in the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after buying an additional 8,200 shares during the period. Fortem Financial Group LLC purchased a new stake in Bloom Energy during the fourth quarter valued at about $369,000. SPX Gestao de Recursos Ltda acquired a new stake in Bloom Energy during the third quarter worth about $1,691,000. Norges Bank acquired a new stake in Bloom Energy during the fourth quarter worth about $239,683,000. Finally, Cidel Asset Management Inc. purchased a new position in shares of Bloom Energy in the 1st quarter worth about $445,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

Shares of NYSE BE opened at $271.13 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. Bloom Energy Corporation has a 1-year low of $22.81 and a 1-year high of $351.28. The company has a market capitalization of $77.12 billion, a price-to-earnings ratio of -5,421.48 and a beta of 3.73. The business has a 50-day moving average of $281.32 and a 200-day moving average of $191.39.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company’s revenue was up 130.4% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post 1.34 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider directly owned 207,417 shares of the company’s stock, valued at approximately $59,966,328.87. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of Bloom Energy stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.63, for a total transaction of $820,286.46. Following the sale, the insider directly owned 132,265 shares in the company, valued at $38,175,646.95. This trade represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 228,617 shares of company stock valued at $59,843,659. 3.00% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Brookfield expanded its AI power-financing partnership with Bloom Energy to $25 billion, strengthening Bloom’s growth story and potential fuel-cell deployments for data centers. Shorting the Grid: Bloom Energy’s $25B AI Power Play
• Positive Sentiment: Multiple reports highlighted Bloom Energy as a leading beneficiary of AI-related power demand, reinforcing investor confidence in the company’s long-term opportunity. Bloom Energy’s $25B partnership targets AI’s next bottleneck
• Neutral Sentiment: Insider Aman Joshi sold 8,343 shares, which may add modest caution but does not by itself signal a change in Bloom Energy’s fundamentals. Bloom Energy Insider Aman Joshi Sells 8,343 Shares
• Negative Sentiment: Bloom Energy saw a recent pullback after a strong rally, reflecting some profit-taking and valuation concerns among investors. Bloom Energy Stock Moves -6.43%: What You Should Know
• Negative Sentiment: Some analysts and commentators warned the stock may already be priced for near-perfect execution, which could limit upside if growth slows or deals take longer to convert into revenue.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BE shares. Susquehanna lifted their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $236.14.

About Bloom Energy

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.