4,152 Bloom Energy Corporation $BE Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Bloom Energy Corporation (NYSE:BE) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 289,649 shares of the company’s stock after buying an additional 4,152 shares during the period. Russell Investments Group Ltd.’s holdings in Bloom Energy were worth $80,709,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in Bloom Energy during the third quarter worth $26,000. REAP Financial Group LLC bought a new stake in Bloom Energy during the third quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. boosted its position in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after purchasing an additional 37 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Bloom Energy in the third quarter worth $35,000. Institutional investors own 77.04% of the company’s stock.

Recent Bloom Energy Headlines

Investors following BE have been watching these headlines:

• Positive Sentiment: Investor fears about AI data-center spending eased after customer CoreWeave reported strong results, helping lift Bloom and other power-related stocks earlier in the week. Bloom’s fuel cells can also provide on-site power without waiting for grid connections. Bloom Energy Soars 13%, Vertiv Up 14% in a Week as Data-Center Fears Ease Bloom Energy vs. Constellation Energy
• Neutral Sentiment: Recent coverage emphasizes strong demand potential from AI data centers, but also notes that Bloom’s rapid growth and large orders need to be weighed against cash burn and the possibility that an AI investment slowdown would curb power demand. Bloom Energy Has Found an Unexpected Customer: AI These Energy Stocks Can’t Escape Nvidia’s Wake
• Negative Sentiment: Valuation is a near-term risk after the stock’s large run-up, and investors may be taking profits while reassessing whether recent earnings and orders justify the share price. Coverage also describes a steep monthly pullback, underscoring the stock’s volatility. Bloom Energy stock faces valuation test after profit surge Bloom Energy Is Down 27% in a Month

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. lowered their target price on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a report on Friday, October 23rd. Finally, Jefferies Financial Group restated a “hold” rating and set a $242.00 price target on shares of Bloom Energy in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $263.05.

Insiders Place Their Bets

In other Bloom Energy news, Director Barbara J. Burger sold 2,333 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total transaction of $501,711.65. Following the completion of the transaction, the director owned 36,607 shares in the company, valued at $7,872,335.35. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the transaction, the insider owned 126,500 shares of the company’s stock, valued at $34,163,855. The trade was a 2.22% 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. Insiders sold a total of 61,234 shares of company stock worth $14,941,626 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Stock Performance

NYSE:BE traded down $10.47 during trading hours on Friday, reaching $191.46. The stock had a trading volume of 15,916,343 shares, compared to its average volume of 18,112,472. The stock has a market cap of $56.61 billion, a P/E ratio of 117.46, a price-to-earnings-growth ratio of 2.04 and a beta of 3.63. The stock has a 50 day simple moving average of $244.02 and a 200 day simple moving average of $222.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business’s revenue for the quarter was up 138.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, research analysts forecast that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

About Bloom Energy

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.