Bloom Energy Corporation $BE Stock: Abel Hall LLC Reduces Position

Abel Hall LLC reduced its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 38.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,779 shares of the company’s stock after selling 4,155 shares during the period. Abel Hall LLC’s holdings in Bloom Energy were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after acquiring an additional 2,673,710 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Bloom Energy during the second quarter valued at about $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Bloom Energy by 228.0% in the 1st quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock valued at $79,660,000 after purchasing an additional 408,687 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Bloom Energy by 106.0% in the 1st quarter. Renaissance Technologies LLC now owns 535,900 shares of the company’s stock valued at $72,609,000 after purchasing an additional 275,700 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Bloom Energy news, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director directly owned 201,243 shares in the company, valued at $48,078,965.13. This represents a 12.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% 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 89,698 shares of company stock valued at $21,780,758 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Performance

BE stock traded up $4.55 during midday trading on Monday, hitting $225.86. 9,940,285 shares of the stock traded hands, compared to its average volume of 13,011,356. The firm has a market cap of $66.52 billion, a P/E ratio of 301.15, a PEG ratio of 2.86 and a beta of 3.77. 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 stock’s fifty day simple moving average is $249.30 and its 200-day simple moving average is $246.99. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. Bloom Energy’s revenue for the quarter was up 165.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

BE has been the subject of several research reports. Barclays lifted their price objective on shares of Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 1st. Jefferies Financial Group upped their target price on Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a research report on Tuesday, September 29th. Susquehanna raised their target price on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy has an average rating of “Moderate Buy” and a consensus price target of $260.05.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.