Fox Run Management L.L.C. Purchases Shares of 3,924 Bloom Energy Corporation $BE

Fox Run Management L.L.C. acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,924 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds have also modified their holdings of the company. MAI Capital Management boosted its holdings in Bloom Energy by 433.0% in the third quarter. MAI Capital Management now owns 5,644 shares of the company’s stock valued at $477,000 after purchasing an additional 4,585 shares during the period. Optiver Holding B.V. acquired a new stake in Bloom Energy in the 3rd quarter valued at about $169,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Bloom Energy in the 3rd quarter valued at about $568,000. Palumbo Wealth Management LLC increased its stake in shares of Bloom Energy by 45.8% during the third quarter. Palumbo Wealth Management LLC now owns 23,444 shares of the company’s stock worth $1,983,000 after buying an additional 7,368 shares during the period. Finally, Patten Group Inc. acquired a new stake in Bloom Energy in the third quarter valued at approximately $261,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total value of $1,756,000.00. Following the completion of the sale, the insider owned 210,465 shares in the company, valued at $36,957,654. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kr Sridhar sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the sale, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. This represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 268,788 shares of company stock worth $45,575,889. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BE. Citigroup initiated coverage on shares of Bloom Energy in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 price objective on the stock. Robert W. Baird set a $172.00 target price on Bloom Energy in a report on Tuesday, January 27th. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. Roth Mkm upped their price objective on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Up 6.7%

Bloom Energy stock opened at $166.07 on Tuesday. The company has a market capitalization of $46.59 billion, a P/E ratio of -437.03, a PEG ratio of 6.35 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The stock has a 50-day simple moving average of $136.29 and a 200-day simple moving average of $106.53.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

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.