Leonteq Securities AG Takes $1.96 Million Position in Bloom Energy Corporation $BE

Leonteq Securities AG acquired a new stake in shares of Bloom Energy Corporation (NYSE:BEFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 22,502 shares of the company’s stock, valued at approximately $1,955,000.

Several other institutional investors have also recently made changes to their positions in BE. WPG Advisers LLC raised its holdings in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Fifth Third Bancorp acquired a new position in shares of Bloom Energy during the third quarter valued at about $32,000. Parkside Financial Bank & Trust raised its holdings in shares of Bloom Energy by 250.9% during the third 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 period. NewEdge Advisors LLC raised its holdings in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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Bloom Energy Trading Up 8.0%

NYSE:BE opened at $282.33 on Thursday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The firm has a market cap of $80.30 billion, a price-to-earnings ratio of -5,645.37 and a beta of 3.82. Bloom Energy Corporation has a 52 week low of $17.01 and a 52 week high of $310.00. The firm has a 50-day moving average price of $201.03 and a two-hundred day moving average price of $152.45.

Bloom Energy (NYSE:BEGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other news, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the sale, the director owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Satish Chitoori sold 2,111 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.24, for a total transaction of $608,474.64. Following the sale, the insider owned 210,254 shares of the company’s stock, valued at approximately $60,603,612.96. The trade was a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 525,271 shares of company stock worth $99,167,479. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of analyst reports. BTIG Research upped their target price on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Bloom Energy to $267.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Susquehanna upped their target price on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Finally, UBS Group upped their target price on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.48.

View Our Latest Report on Bloom Energy

Bloom Energy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Corporation (NYSE:BEFree Report).

Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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