36,423 Shares of Bloom Energy Corporation $BE Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,423 shares of the company’s stock, valued at approximately $10,088,000.

A number of other large investors have also recently made changes to their positions in BE. Jennison Associates LLC raised its position in Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares during the period. Bank of America Corp DE boosted its position in shares of Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after buying an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares during the period. Elemental Capital Partners LLC boosted its position in shares of Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after buying an additional 25,625 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Bloom Energy during the second quarter valued at approximately $296,413,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bloom Energy

Here are a few of the latest stories about BE:

• Positive Sentiment: Bloom Energy joined a rally in power stocks after CoreWeave’s strong earnings renewed enthusiasm for AI infrastructure and the companies supplying power to data centers. Bloom Energy stock surges as CoreWeave earnings spur rally in power stocks
• Positive Sentiment: Royal Bank of Canada assigned Bloom Energy an “Outperform” rating, adding an analyst endorsement amid investor focus on the company’s AI-power opportunity. Bloom Energy earns Outperform rating from Royal Bank of Canada
• Positive Sentiment: Recent coverage also highlighted Bloom Energy’s AI data-center business and reported revenue growth, reinforcing the potential demand story behind its fuel-cell systems. Bloom Energy lands a major AI data center deal as revenue surges

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BE shares. Jefferies Financial Group reiterated a “hold” rating and issued a $242.00 price target on shares of Bloom Energy in a report on Friday, October 23rd. BMO Capital Markets lowered Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 3rd. Roth Capital set a $230.00 price objective on Bloom Energy in a report on Friday, October 23rd. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a report on Friday, October 23rd. Finally, BTIG Research cut their price objective on Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $263.05.

Insiders Place Their Bets

In other news, Director John Chambers sold 8,828 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the transaction, the director directly owned 199,505 shares of the company’s stock, valued at approximately $40,585,302.15. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the sale, the insider directly owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 70,859 shares of company stock worth $17,244,650. 3.00% of the stock is owned by company insiders.

Bloom Energy Trading Up 13.2%

BE stock opened at $209.93 on Thursday. The company has a market capitalization of $62.07 billion, a PE ratio of 128.79, a P/E/G ratio of 1.87 and a beta of 3.63. Bloom Energy Corporation has a 12 month low of $75.70 and a 12 month high of $351.28. The firm’s 50-day moving average is $245.20 and its 200 day moving average is $221.73. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current year.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen. Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.