4,186 Shares in Bloom Energy Corporation $BE Purchased by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,186 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BE. Fifth Third Bancorp bought a new position in Bloom Energy in the 3rd quarter worth approximately $32,000. N.E.W. Advisory Services LLC acquired a new position in Bloom Energy during the 3rd quarter valued at about $32,000. Parkside Financial Bank & Trust boosted its stake in shares of 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 purchasing an additional 281 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Bloom Energy during the third quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Bloom Energy in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BE. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Susquehanna upped their price objective on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Mizuho increased their price target on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $130.50.

Bloom Energy Stock Performance

NYSE BE opened at $158.85 on Friday. The company has a fifty day moving average price of $125.74 and a 200-day moving average price of $99.60. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The firm has a market cap of $44.57 billion, a price-to-earnings ratio of -418.04, a PEG ratio of 6.50 and a beta of 3.07. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $176.49.

Bloom Energy (NYSE:BE) last announced 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. 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 for the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter 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, equities research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Activity

In other Bloom Energy news, insider Aman Joshi sold 3,746 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $139.81, for a total value of $523,728.26. Following the transaction, the insider directly owned 201,072 shares in the company, valued at $28,111,876.32. This represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 12,294 shares of company stock valued at $1,520,974. Corporate insiders own 3.60% of the company’s stock.

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.