Candriam S.C.A. Sells 411,333 Shares of Bloom Energy Corporation $BE

Candriam S.C.A. decreased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 78.2% during the 3rd quarter, Holdings Channel reports. The firm owned 114,479 shares of the company’s stock after selling 411,333 shares during the quarter. Candriam S.C.A.’s holdings in Bloom Energy were worth $9,681,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in Bloom Energy in the first quarter valued at approximately $2,055,000. AQR Capital Management LLC bought a new stake in shares of Bloom Energy in the 1st quarter valued at $1,820,000. NewEdge Advisors LLC lifted its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. boosted its stake in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after acquiring an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after acquiring an additional 4,716 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

BE stock opened at $148.82 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. The business has a 50-day simple moving average of $120.47 and a two-hundred day simple moving average of $95.00. The company has a market capitalization of $35.20 billion, a P/E ratio of -391.63, a price-to-earnings-growth ratio of 12.54 and a beta of 3.07. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $176.49.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a positive return on equity of 8.38% and a negative net margin of 4.37%.The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Wednesday, October 29th. Morgan Stanley boosted their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday. Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a report on Friday. JPMorgan Chase & Co. raised their price objective on Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $128.71.

Insider Buying and Selling

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. The trade was a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 2,085 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $104.08, for a total transaction of $217,006.80. Following the completion of the sale, the insider owned 229,880 shares of the company’s stock, valued at approximately $23,925,910.40. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,639 shares of company stock valued at $1,496,660 in the last 90 days. Insiders own 3.50% of the company’s stock.

Bloom Energy 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.