Envestnet Asset Management Inc. Acquires 105,159 Shares of Bloom Energy Corporation $BE

Envestnet Asset Management Inc. increased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 330.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,988 shares of the company’s stock after acquiring an additional 105,159 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Bloom Energy worth $11,585,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BE. Geode Capital Management LLC grew its stake in shares of Bloom Energy by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after acquiring an additional 95,990 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares in the last quarter. Norges Bank purchased a new stake in Bloom Energy during the 2nd quarter valued at about $57,821,000. Man Group plc grew its position in Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after purchasing an additional 1,530,167 shares during the last quarter. Finally, Elemental Capital Partners LLC bought a new stake in Bloom Energy during the 3rd quarter valued at about $101,720,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling

In other 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 owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Satish Chitoori sold 431 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the completion of the sale, the insider owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This trade represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Up 3.7%

Bloom Energy stock opened at $144.91 on Wednesday. The stock 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 quick ratio of 4.95 and a current ratio of 5.98. The stock has a fifty day moving average of $123.63 and a 200 day moving average of $98.78. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $176.49.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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 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 previous year, the company posted $0.43 EPS. The business’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. As a group, sell-side analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Susquehanna lifted their target price on Bloom Energy to $157.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their price target on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $130.50.

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.