Profund Advisors LLC Takes $336,000 Position in Bloom Energy Corporation $BE

Profund Advisors LLC bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,970 shares of the company’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BE. N.E.W. Advisory Services LLC acquired a new position in shares of Bloom Energy during the third quarter valued at about $32,000. Parkside Financial Bank & Trust increased its position in Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after buying an additional 281 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Bloom Energy during the 3rd quarter worth approximately $42,000. Finally, ORG Partners LLC bought a new position in Bloom Energy in the third quarter worth approximately $49,000. 77.04% of the stock is owned by institutional investors.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,583 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the transaction, the insider owned 221,633 shares in the company, valued at $23,486,449.01. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 431 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total value of $37,979.72. Following the sale, the insider directly owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,278 shares of company stock valued at $488,001. 3.60% of the stock is owned by insiders.

Bloom Energy Stock Up 0.5%

BE opened at $139.70 on Friday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The firm has a market capitalization of $33.04 billion, a P/E ratio of -367.63, a PEG ratio of 5.75 and a beta of 3.07. The company’s 50-day moving average is $122.35 and its 200 day moving average is $96.45. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BE. Roth Mkm upped their target price on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Morgan Stanley boosted their price target on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. BTIG Research raised their price objective on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada set a $143.00 price objective on shares of Bloom Energy in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $132.61.

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.