Van ECK Associates Corp Sells 150,840 Shares of Bloom Energy Corporation $BE

Van ECK Associates Corp decreased its stake in Bloom Energy Corporation (NYSE:BE) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,681 shares of the company’s stock after selling 150,840 shares during the period. Van ECK Associates Corp’s holdings in Bloom Energy were worth $20,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Bloom Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after acquiring an additional 1,240,819 shares in the last quarter. Graticule Asia Macro Advisors LLC bought a new position in Bloom Energy in the third quarter valued at approximately $402,494,000. Geode Capital Management LLC grew its stake in Bloom Energy by 2.1% in the second 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 increased its position 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 worth $289,229,000 after purchasing an additional 3,201,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Bloom Energy by 50.3% during 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. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kr Sridhar sold 200,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total value of $34,000,000.00. Following the transaction, the chief executive officer owned 2,189,869 shares in the company, valued at approximately $372,277,730. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aman Joshi sold 10,000 shares of the 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 completion of the transaction, the insider directly owned 210,465 shares in the company, valued at approximately $36,957,654. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 268,788 shares of company stock valued at $45,575,889. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on BE shares. China Renaissance started coverage on Bloom Energy in a report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective for the company. TD Cowen boosted their target price on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Barclays began coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price target for the company. Citigroup initiated coverage on shares of Bloom Energy in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 price objective for the company. Finally, BTIG Research boosted their price objective on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $131.87.

Bloom Energy Stock Performance

Shares of BE stock traded down $0.68 during trading on Friday, reaching $156.49. 2,127,770 shares of the company’s stock were exchanged, compared to its average volume of 11,760,435. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. The firm’s fifty day moving average price is $146.69 and its 200-day moving average price is $111.72. 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 capitalization of $43.90 billion, a PE ratio of -411.96, a PEG ratio of 6.50 and a beta of 3.11.

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

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.