Valmark Advisers Inc. acquired a new stake in Bloom Energy Corporation (NYSE:BE – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,249 shares of the company’s stock, valued at approximately $305,000.
A number of other institutional investors have also recently added to or reduced their stakes in BE. Strs Ohio raised its holdings in Bloom Energy by 24.8% during 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 last quarter. Fortem Financial Group LLC acquired a new stake in Bloom Energy in the fourth quarter valued at $369,000. Norges Bank acquired a new stake in Bloom Energy in the fourth quarter valued at $239,683,000. Cidel Asset Management Inc. purchased a new position in shares of Bloom Energy in the first quarter valued at $445,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Bloom Energy in the fourth quarter valued at $7,574,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Insider Activity
In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the sale, the director directly owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. This trade represents a 18.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Chambers sold 55,000 shares of Bloom Energy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This trade represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 153,617 shares of company stock valued at $44,003,909 in the last three months. Company insiders own 3.00% of the company’s stock.
Bloom Energy Trading Up 4.3%
Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business’s revenue was up 130.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts forecast that Bloom Energy Corporation will post 1.4 EPS for the current year.
Trending Headlines about Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: UBS reiterated a Buy rating on Bloom Energy and kept a $350 price target, reinforcing the bullish case that the stock’s recent pullback may be a buying opportunity. UBS says ‘buy the dip’ in Bloom Energy stock
- Positive Sentiment: Multiple recent stories highlighted Bloom Energy as an AI infrastructure winner, with demand for alternative power and data-center backup systems supporting the stock’s longer-term growth narrative. Alternative Power Demand Drives Bloom Energy (BE) Higher
- Positive Sentiment: Coverage noted Bloom Energy’s expanded AI power partnership and growing exposure to data-center buildouts, which continues to attract investors looking for beneficiaries of rising electricity demand. Bloom Energy Is Expanding This Key AI Power Partnership to $25 Billion. Time to Buy the Fuel Cell Stock?
- Neutral Sentiment: Analysts and market commentators continued to debate whether Bloom Energy is still below fair value after a massive multi-year run, suggesting the stock may remain volatile as investors weigh growth against a premium valuation. Bloom Energy (BE) Stock Could Be Below Fair Value After A 12x Run
- Negative Sentiment: A new short-seller attack on Bloom Energy’s supply-chain claims added pressure, raising fresh questions about the company’s execution and giving bears a reason to challenge the stock’s rally. Short seller Hunterbrook attacked Bloom Energy’s supply-chain claims. BE stock is bruised, but not broken.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on BE shares. Roth Capital lifted their price target on Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Barclays raised their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. UBS Group lifted their target price on shares of Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Susquehanna upped their price target on shares of Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. Finally, Sanford C. Bernstein initiated coverage on shares of Bloom Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $250.41.
Get Our Latest Stock Report on Bloom Energy
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.
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