Newbridge Financial Services Group Inc. Trims Stake in Bloom Energy Corporation $BE

Newbridge Financial Services Group Inc. decreased its position in shares of Bloom Energy Corporation (NYSE:BE) by 80.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,631 shares of the company’s stock after selling 11,128 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Bloom Energy were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its stake in Bloom Energy by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock valued at $113,000 after buying an additional 88 shares during the last quarter. Reliant Investment Management LLC grew its position in Bloom Energy by 3.6% during the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after purchasing an additional 90 shares during the last quarter. DAVENPORT & Co LLC grew its position in Bloom Energy by 5.4% during the 4th quarter. DAVENPORT & Co LLC now owns 2,559 shares of the company’s stock valued at $222,000 after purchasing an additional 131 shares during the last quarter. CWM LLC grew its position in Bloom Energy by 3.3% during the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock valued at $432,000 after purchasing an additional 162 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its holdings in Bloom Energy by 1.4% in the 4th quarter. Cypress Wealth Services LLC now owns 12,669 shares of the company’s stock worth $1,101,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 0.5%

Shares of BE stock opened at $135.72 on Wednesday. The stock has a 50 day moving average of $150.17 and a 200 day moving average of $122.83. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a market cap of $38.08 billion, a P/E ratio of -357.17, a P/E/G ratio of 5.54 and a beta of 3.18. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90.

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, topping 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 company 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 business earned $0.43 EPS. Bloom Energy’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, sell-side analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 18,964 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.45, for a total value of $2,928,989.80. Following the transaction, the insider owned 232,365 shares in the company, valued at $35,888,774.25. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 380,092 shares of company stock worth $62,724,725. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial set a $68.00 price objective on Bloom Energy in a research report on Friday, January 9th. Morgan Stanley increased their price objective on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. BTIG Research boosted their price objective on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Roth Mkm raised their price target on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.65.

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.