Caprock Group LLC Buys New Position in Bloom Energy Corporation $BE

Caprock Group LLC purchased a new position in Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,897 shares of the company’s stock, valued at approximately $414,000.

A number of other large investors also recently modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy in the third quarter worth $32,000. Parkside Financial Bank & Trust raised its stake in Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Bloom Energy in the 2nd quarter valued at $36,000. NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Cranbrook Wealth Management LLC acquired a new stake in Bloom Energy in the 3rd quarter worth $39,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on BE shares. Wells Fargo & Company upped their price objective on shares of Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Mizuho boosted their price objective on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Truist Financial set a $68.00 target price on Bloom Energy in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.50.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 431 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the sale, the insider directly owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by corporate insiders.

Bloom Energy Stock Up 3.7%

NYSE BE opened at $144.91 on Wednesday. The stock’s 50 day simple moving average is $123.63 and its 200 day simple moving average is $98.78. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $176.49. The firm has a market cap of $40.65 billion, a PE ratio of -381.34, a price-to-earnings-growth ratio of 5.78 and a beta of 3.07. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

About Bloom Energy

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.