E Fund Management Hong Kong Co. Ltd. Increases Stake in Bloom Energy Corporation $BE

E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Bloom Energy Corporation (NYSE:BE) by 441.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,713 shares of the company’s stock after buying an additional 2,212 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Bloom Energy were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new position in shares of Bloom Energy during the third quarter valued at about $1,825,000. Meridian Wealth Management LLC purchased a new stake in Bloom Energy in the third quarter worth about $553,000. Udine Wealth Management Inc. grew its holdings in Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after purchasing an additional 13,684 shares during the period. Straight Path Wealth Management purchased a new stake in Bloom Energy in the third quarter worth about $1,099,000. Finally, Strs Ohio grew its holdings in Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after purchasing an additional 8,200 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Bloom Energy to $281.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. BTIG Research upped their price objective on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. China Renaissance assumed coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Finally, UBS Group upped their price objective on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.48.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy landed a large AI data center-related order, with Federal Pacific announcing its biggest-ever single contract to supply medium-voltage switchgear and engineering services for a Bloom-backed project, reinforcing demand for Bloom’s power solutions in AI infrastructure. Bloom Energy Lands Record AI Deal As Valuation Stretches Above Targets
• Positive Sentiment: Jim Cramer publicly backed Bloom Energy, saying investors “should buy it” and highlighting that data centers are “going crazy for it,” which may be boosting sentiment around the stock’s role in AI power demand. Jim Cramer on Bloom Energy: “All the Data Centers Are Going Crazy for It”
• Positive Sentiment: Barclays reportedly raised its price target on Bloom Energy, adding to the view that the company’s AI data center power opportunity is getting bigger. Barclays Just Hiked Bloom Energy Price Target to $254: AI Data Center Power Story Just Got Bigger
• Neutral Sentiment: Multiple articles framed Bloom Energy as a high-momentum, long-term growth stock, but these pieces are more commentary than new business developments. 2 Reasons Bloom Energy Is a Once-in-a-Decade Stock Pick for Long-Term Investors
• Neutral Sentiment: The company is also being mentioned in broader clean-energy and solid-oxide fuel cell market coverage, but this does not appear to be a direct near-term stock-moving catalyst. $143.66 Bn Solid Oxide Fuel Cell Market, 2040 with Adelan, Aisin, AVL List, Bloom Energy, Ceres Power Leading

Insider Transactions at Bloom Energy

In other news, Director Mary K. Bush sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the transaction, the director owned 108,524 shares in the company, valued at approximately $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kr Sridhar sold 200,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 2,189,869 shares in the company, 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. In the last quarter, insiders have sold 515,092 shares of company stock valued at $95,003,475. 3.00% of the stock is currently owned by insiders.

Bloom Energy Trading Up 3.3%

Shares of NYSE BE opened at $290.05 on Thursday. The firm’s 50 day moving average price is $188.64 and its 200-day moving average price is $146.87. The company has a market cap of $82.50 billion, a PE ratio of -5,799.74 and a beta of 3.82. Bloom Energy Corporation has a 52-week low of $17.01 and a 52-week high of $302.99. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

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 the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s revenue was up 130.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts expect that Bloom Energy Corporation will post 1.26 EPS for the current fiscal 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.