Handelsbanken Fonder AB Sells 313,697 Shares of Bloom Energy Corporation $BE

Handelsbanken Fonder AB decreased its holdings in Bloom Energy Corporation (NYSE:BE) by 27.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 813,452 shares of the company’s stock after selling 313,697 shares during the period. Bloom Energy makes up 0.7% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 25th largest position. Handelsbanken Fonder AB’s holdings in Bloom Energy were worth $246,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BE. Fortem Financial Group LLC purchased a new position in shares of Bloom Energy in the fourth quarter valued at $369,000. Strs Ohio lifted its holdings in Bloom Energy by 24.8% during the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after purchasing an additional 8,200 shares in the last quarter. Norges Bank purchased a new stake in Bloom Energy during the 4th quarter worth about $239,683,000. Militia Capital Management LLC bought a new position in Bloom Energy in the 1st quarter worth about $813,000. Finally, Assenagon Asset Management S.A. boosted its stake in Bloom Energy by 3,398.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after purchasing an additional 233,020 shares during the period. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Trading Down 4.0%

Shares of Bloom Energy stock opened at $210.57 on Tuesday. Bloom Energy Corporation has a 1 year low of $36.80 and a 1 year high of $351.28. The firm has a market cap of $62.02 billion, a PE ratio of 280.76, a PEG ratio of 3.00 and a beta of 3.79. 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 company has a 50 day simple moving average of $252.90 and a two-hundred day simple moving average of $213.03.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business’s quarterly revenue was up 165.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Analysts expect that Bloom Energy Corporation will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Bloom Energy from $250.00 to $218.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Mizuho upgraded shares of Bloom Energy from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $285.00 to $242.00 in a research report on Thursday, July 30th. BTIG Research reaffirmed a “buy” rating and set a $295.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Finally, UBS Group decreased their target price on shares of Bloom Energy from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $246.18.

Insider Activity at Bloom Energy

In related news, Director John T. Chambers sold 15,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $205.58, for a total value of $3,083,700.00. Following the transaction, the director owned 223,333 shares of the company’s stock, valued at $45,912,798.14. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maciej Kurzymski sold 2,259 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.62, for a total value of $651,992.58. Following the sale, the chief accounting officer owned 79,686 shares in the company, valued at $22,998,973.32. The trade was a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 108,617 shares of company stock worth $30,648,609 in the last three months. 3.00% of the stock is owned by insiders.

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.