JT Stratford LLC Acquires 21,918 Shares of Bloom Energy Corporation $BE

JT Stratford LLC grew its stake in Bloom Energy Corporation (NYSE:BE) by 72.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,103 shares of the company’s stock after buying an additional 21,918 shares during the period. JT Stratford LLC’s holdings in Bloom Energy were worth $4,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BE. Vanguard Group Inc. boosted its stake in Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after buying an additional 1,240,819 shares in the last quarter. Graticule Asia Macro Advisors LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $402,494,000. Geode Capital Management LLC boosted its stake in shares of Bloom Energy by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock valued at $113,790,000 after purchasing an additional 95,990 shares in the last quarter. Trivest Advisors Ltd grew its holdings in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position 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 during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Price Performance

Shares of BE stock opened at $164.87 on Thursday. The business’s fifty day moving average is $138.98 and its 200 day moving average is $107.69. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The stock has a market cap of $46.25 billion, a price-to-earnings ratio of -433.87, a PEG ratio of 6.25 and a beta of 3.11. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90.

Bloom Energy (NYSE:BE) last posted 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. Bloom Energy’s quarterly 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. Research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research note on Tuesday, January 27th. TD Cowen boosted their target price on Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Roth Mkm raised their price target on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Bank of America set a $39.00 price target on Bloom Energy in a research note on Tuesday, November 25th. Finally, BMO Capital Markets increased their price objective on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $131.87.

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the transaction, the insider owned 210,465 shares in the company, valued at approximately $36,957,654. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 1,521 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total value of $211,981.77. Following the completion of the transaction, the insider directly owned 230,017 shares in the company, valued at approximately $32,057,469.29. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 268,788 shares of company stock worth $45,575,889. 3.60% of the stock is owned by corporate insiders.

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.