Strs Ohio Sells 3,800 Shares of Bloom Energy Corporation $BE

Strs Ohio lowered its position in Bloom Energy Corporation (NYSE:BE) by 9.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 37,400 shares of the company’s stock after selling 3,800 shares during the quarter. Strs Ohio’s holdings in Bloom Energy were worth $5,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy during the fourth quarter valued at about $347,560,000. Norges Bank bought a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $239,683,000. Amundi raised its position in shares of Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after purchasing an additional 2,511,426 shares during the period. Man Group plc lifted 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 buying an additional 1,530,167 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $98,444,000. 77.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 35,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 228,617 shares of company stock valued at $59,843,659 over the last quarter. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

BE has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Citigroup restated a “neutral” rating on shares of Bloom Energy in a research report on Thursday, May 28th. Sanford C. Bernstein initiated coverage on Bloom Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Finally, Wells Fargo & Company boosted their price objective on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $238.82.

Bloom Energy Price Performance

BE stock traded down $24.56 during midday trading on Tuesday, reaching $270.49. The company had a trading volume of 2,330,536 shares, compared to its average volume of 11,596,428. 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 $23.94 and a 1 year high of $351.28. The company has a market capitalization of $76.94 billion, a P/E ratio of -5,412.28 and a beta of 3.73. The firm has a 50-day moving average price of $282.46 and a 200-day moving average price of $193.57.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post 1.34 earnings per share for the current fiscal year.

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.