Bloom Energy Corporation $BE Shares Newly Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,700 shares of the company’s stock, valued at approximately $4,072,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. raised its holdings in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after buying an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Bloom Energy by 13.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after buying an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Bloom Energy by 51.7% during the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after acquiring an additional 46 shares in the last quarter. Finally, Truefg LLC increased its position in shares of Bloom Energy by 2.4% during the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after acquiring an additional 48 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors.

Trending Headlines about Bloom Energy

Investors following BE have been watching these headlines:

• Positive Sentiment: Bloom Energy joined a rally in power stocks after CoreWeave’s strong earnings renewed enthusiasm for AI infrastructure and the companies supplying power to data centers. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Recent coverage also highlighted Bloom Energy’s AI data-center business and reported revenue growth, reinforcing the potential demand story behind its fuel-cell systems. Bloom Energy lands a major AI data center deal as revenue surges
• Negative Sentiment: Investors still face execution and valuation risks: one analysis questioned whether long-term cash generation can support the stock’s sharp multi-year appreciation, while other recent coverage cited negative free cash flow and a pullback in AI-related stocks. Can Bloom Energy justify its price on future cash flow?

Wall Street Analyst Weigh In

BE has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Monday, October 19th. Roth Capital set a $230.00 price target on Bloom Energy in a research note on Friday, October 23rd. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. BMO Capital Markets downgraded Bloom Energy from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 3rd. Finally, Truist Financial increased their price objective on Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $263.05.

Insider Buying and Selling at Bloom Energy

In other news, Director John T. Chambers sold 8,828 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $203.43, for a total value of $1,795,880.04. Following the transaction, the director directly owned 199,505 shares in the company, valued at $40,585,302.15. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total value of $775,100.90. Following the completion of the sale, the insider directly owned 126,500 shares of the company’s stock, valued at $34,163,855. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 70,859 shares of company stock worth $17,244,650. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Stock Up 13.2%

BE opened at $209.93 on Thursday. 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 50 day moving average price of $245.20 and a 200-day moving average price of $221.73. Bloom Energy Corporation has a twelve month low of $75.70 and a twelve month high of $351.28. The stock has a market capitalization of $62.07 billion, a price-to-earnings ratio of 128.79, a PEG ratio of 1.87 and a beta of 3.63.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) 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 company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 138.1% on a year-over-year basis. Equities research analysts forecast that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.