6,946 Shares in Bloom Energy Corporation $BE Purchased by StoneCrest Wealth Management Inc.

StoneCrest Wealth Management Inc. acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,946 shares of the company’s stock, valued at approximately $604,000.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of Bloom Energy in the 3rd quarter valued at approximately $32,000. N.E.W. Advisory Services LLC bought a new position in Bloom Energy during the third quarter worth $32,000. Parkside Financial Bank & Trust boosted its holdings in Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after purchasing an additional 281 shares during the period. Cranbrook Wealth Management LLC acquired a new position in Bloom Energy in the third quarter worth $39,000. Finally, Lodestone Wealth Management LLC bought a new stake in Bloom Energy during the fourth quarter valued at $43,000. Institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 18,964 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the sale, the insider owned 232,365 shares of the company’s stock, valued at approximately $35,888,774.25. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary S. Pinkus sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $165.80, for a total value of $207,250.00. Following the transaction, the director owned 4,149 shares of the company’s stock, valued at approximately $687,904.20. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 380,092 shares of company stock valued at $62,724,725 in the last ninety days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BE shares. TD Cowen raised their price target on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Roth Mkm boosted their price objective on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group dropped their price objective on shares of Bloom Energy to $97.00 and set an “underperform” rating on the stock in a research note on Friday, March 27th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Wells Fargo & Company upped their target price on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $131.65.

Bloom Energy Stock Performance

Shares of BE opened at $135.40 on Friday. The firm has a fifty day moving average of $150.78 and a 200-day moving average of $120.99. The company has a market cap of $37.99 billion, a price-to-earnings ratio of -356.31, a price-to-earnings-growth ratio of 5.41 and a beta of 3.18. 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 1 year low of $15.15 and a 1 year high of $180.90.

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