Range Financial Group LLC Makes New Investment in Bloom Energy Corporation $BE

Range Financial Group LLC bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the first quarter, Holdings Channel.com reports. The firm bought 9,215 shares of the company’s stock, valued at approximately $1,249,000.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its position in Bloom Energy by 37.2% in 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 last quarter. HB Wealth Management LLC boosted its position in Bloom Energy by 1.6% in the 1st quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $466,000 after buying an additional 54 shares during the last quarter. WPG Advisers LLC boosted its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Orion Capital Management LLC increased its stake in shares of Bloom Energy by 0.7% in the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after buying an additional 83 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of Bloom Energy by 1.5% in the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after buying an additional 87 shares during the period. 77.04% of the stock is owned by institutional investors.

Bloom Energy Stock Up 0.8%

NYSE:BE opened at $256.26 on Friday. Bloom Energy Corporation has a 12-month low of $24.04 and a 12-month high of $351.28. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $72.89 billion, a P/E ratio of -5,124.28 and a beta of 3.73. The stock’s fifty day simple moving average is $284.20 and its 200-day simple moving average is $197.33.

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

Insider Activity at Bloom Energy

In related news, insider Aman Joshi sold 8,343 shares of Bloom Energy 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 transaction, the insider owned 163,807 shares of the company’s stock, valued at $49,202,708.59. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 228,617 shares of company stock worth $59,843,659. 3.00% of the stock is owned by company insiders.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy said it “categorically rejects” the short-seller report, with traders and retail investors viewing the allegations as overblown and buying the dip. Bloom Energy Shares Climb After Company Rebuts Short-Seller Report (BE)
• Positive Sentiment: Robert W. Baird reaffirmed an outperform rating and set a $310 price target, signaling confidence that the stock still has room to rise. Benzinga coverage of Baird reaffirmation
• Neutral Sentiment: The company’s recent partnership expansion with Brookfield to support AI infrastructure remains a longer-term catalyst, but it has been overshadowed in the near term by the short-report controversy. Brookfield, Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Bloom Energy after the short-seller allegations, which could increase headline risk and pressure sentiment. Securities Fraud Investigation Into Bloom Energy Corporation (BE) Announced

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BE shares. Barclays boosted their target price on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. TD Cowen boosted their price objective on Bloom Energy to $235.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Mizuho set a $285.00 target price on shares of Bloom Energy in a research report on Friday, May 1st. Finally, Jefferies Financial Group lifted their price target on shares of Bloom Energy from $207.00 to $246.00 and gave the stock a “hold” rating in a research report on Monday. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $241.91.

Bloom Energy Company 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.