Bloom Energy Corporation $BE Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management lowered its stake in Bloom Energy Corporation (NYSE:BE) by 60.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,122 shares of the company’s stock after selling 48,433 shares during the quarter. Neo Ivy Capital Management’s holdings in Bloom Energy were worth $2,717,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BE. SPX Gestao de Recursos Ltda bought a new stake in shares of Bloom Energy during the 3rd quarter worth about $1,691,000. Artemis Wealth Advisors LLC acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $677,000. Marietta Investment Partners LLC bought a new stake in Bloom Energy during the third quarter worth approximately $8,663,000. Heron Bay Capital Management acquired a new stake in Bloom Energy in the third quarter worth approximately $297,000. Finally, Consolidated Portfolio Review Corp bought a new position in Bloom Energy during the 3rd quarter valued at $244,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Performance

Bloom Energy stock opened at $135.80 on Friday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The firm’s 50 day simple moving average is $141.26 and its 200-day simple moving average is $108.67. 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 company has a market cap of $38.10 billion, a P/E ratio of -357.37, a price-to-earnings-growth ratio of 6.53 and a beta of 3.11.

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 negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. During the same quarter last year, the business posted $0.43 EPS. The company’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, equities research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BE. TD Cowen upped their price objective on Bloom Energy to $160.00 and gave the company a “hold” rating in a report on Friday, February 6th. Mizuho upped their price target on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Morgan Stanley boosted their target price on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Jefferies Financial Group set a $102.00 price target on shares of Bloom Energy in a research report on Tuesday, February 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $131.87.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 1,521 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total value of $211,981.77. Following the transaction, the insider directly owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Marie Soderberg sold 25,244 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total value of $4,491,664.92. Following the sale, the insider owned 227,048 shares of the company’s stock, valued at approximately $40,398,650.64. This represents a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 268,788 shares of company stock worth $45,575,889. Company insiders own 3.60% of the company’s stock.

Bloom Energy 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.