Bloom Energy Corporation $BE Stock: ProShare Advisors LLC Increases Position

ProShare Advisors LLC lifted its holdings in Bloom Energy Corporation (NYSE:BE) by 5,260.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,423 shares of the company’s stock after buying an additional 45,557 shares during the period. ProShare Advisors LLC’s holdings in Bloom Energy were worth $12,858,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BE. Jennison Associates LLC increased its position in shares of Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Bloom Energy in the second quarter worth $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Bloom Energy by 78.3% in 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 worth $401,849,000 after purchasing an additional 583,135 shares during the last quarter. Bessemer Group Inc. boosted its position in Bloom Energy by 228.0% in the first quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock worth $79,660,000 after purchasing an additional 408,687 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in 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 period. 77.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial raised their target price on Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, October 16th. Citigroup boosted their price target on shares of Bloom Energy from $281.00 to $284.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. BTIG Research cut their price target on shares of Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price objective on shares of Bloom Energy from $176.00 to $182.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bloom Energy has an average rating of “Hold” and a consensus target price of $263.05.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Soderberg sold 2,895 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $233.60, for a total transaction of $676,272.00. Following the sale, the insider owned 129,370 shares of the company’s stock, valued at $30,220,832. The trade was a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider owned 202,494 shares in the company, valued at approximately $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 83,526 shares of company stock worth $20,492,938 in the last 90 days. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $214.05 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $63.28 billion, a PE ratio of 131.32, a P/E/G ratio of 1.98 and a beta of 3.63. Bloom Energy Corporation has a twelve month low of $75.70 and a twelve month high of $351.28. The company has a 50-day moving average price of $248.26 and a two-hundred day moving average price of $220.48.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue was up 138.1% on a year-over-year basis. Equities analysts forecast that Bloom Energy Corporation will post 2.61 EPS for the current year.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom and California Resources Corporation, including its Carbon TerraVault business, signed a non-binding MOU to evaluate at least 1 gigawatt of Bloom solid-oxide fuel-cell power paired with carbon capture and storage. The proposed projects could serve utilities, data centers and industrial customers, opening a sizable commercial opportunity. California Resources Corporation Announces Strategic Collaboration with Bloom Energy
• Positive Sentiment: Barclays upgraded Bloom to Overweight from Equal Weight, citing prospects for firm, on-site power, including demand from AI data centers. The analyst’s $289 price target still implies substantial potential upside from the price cited in the coverage, although it was reduced from $316. Bloom Energy Stock Upgrade Points to Staying Power for AI Data Centers
• Positive Sentiment: Recent operating results provide support for the growth story: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and raised its full-year revenue guidance to $4.4 billion–$4.6 billion. Why Did Bloom Energy Stock Jump Today?
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his stake by 4.24%; he still owned 199,505 shares after the transaction. SEC ownership filing
• Negative Sentiment: The California initiative remains an evaluation-stage, non-binding MOU, so the proposed capacity is not yet a firm order. Bloom’s elevated valuation also leaves the shares vulnerable if projects are delayed or fail to convert into revenue-generating contracts.

Bloom Energy Company Profile

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.