ABN AMRO Bank N.V. Acquires Shares of 18,680 Bloom Energy Corporation $BE

ABN AMRO Bank N.V. acquired a new stake in Bloom Energy Corporation (NYSE:BE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,680 shares of the company’s stock, valued at approximately $1,617,000.

A number of other hedge funds have also modified their holdings of BE. WPG Advisers LLC grew its position in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy in the third quarter valued at about $32,000. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy during the third quarter worth about $32,000. Parkside Financial Bank & Trust grew its holdings in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

Shares of BE opened at $284.43 on Tuesday. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock’s 50 day moving average is $183.64 and its two-hundred day moving average is $144.23. Bloom Energy Corporation has a twelve month low of $17.01 and a twelve month high of $302.99. The firm has a market capitalization of $80.90 billion, a PE ratio of -5,687.46 and a beta of 3.82.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Research analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the sale, the insider owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aman Joshi sold 19,944 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the sale, the insider owned 190,521 shares in the company, valued at $29,502,176.85. The trade was a 9.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 515,092 shares of company stock valued at $95,003,475 in the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BE. TD Cowen upped their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. BMO Capital Markets boosted their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Royal Bank Of Canada upped their price target on Bloom Energy to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Finally, UBS Group lifted their price objective on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average price target of $217.48.

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.