Pacific Point Advisors LLC Decreases Position in Bloom Energy Corporation $BE

Pacific Point Advisors LLC decreased its holdings in Bloom Energy Corporation (NYSE:BE) by 33.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after selling 10,000 shares during the quarter. Bloom Energy comprises about 1.0% of Pacific Point Advisors LLC’s portfolio, making the stock its 23rd biggest position. Pacific Point Advisors LLC’s holdings in Bloom Energy were worth $1,691,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. CWM LLC raised its stake in Bloom Energy by 3.3% in the third quarter. CWM LLC now owns 5,111 shares of the company’s stock valued at $432,000 after buying an additional 162 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in Bloom Energy by 2.4% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after purchasing an additional 270 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after purchasing an additional 281 shares during the last quarter. Prospera Financial Services Inc increased its stake in Bloom Energy by 0.3% during the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock valued at $2,285,000 after purchasing an additional 313 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Bloom Energy by 14.1% in the third quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock worth $229,000 after buying an additional 335 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,583 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the transaction, the insider owned 221,633 shares of the company’s stock, valued at $23,486,449.01. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 431 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the transaction, the insider owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,278 shares of company stock worth $488,001 over the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the topic of several research reports. Jefferies Financial Group set a $102.00 target price on Bloom Energy in a research report on Tuesday. Truist Financial set a $68.00 price objective on Bloom Energy in a research note on Friday, January 9th. Bank of America set a $39.00 price objective on shares of Bloom Energy in a research report on Tuesday, November 25th. BMO Capital Markets lifted their price target on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Finally, Barclays initiated coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.61.

Bloom Energy Stock Up 0.5%

Shares of NYSE:BE opened at $139.70 on Friday. The business has a 50-day moving average price of $122.35 and a 200 day moving average price of $96.45. The company has a market capitalization of $33.04 billion, a price-to-earnings ratio of -367.63, a PEG ratio of 5.75 and a beta of 3.07. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $176.49. The company has a current ratio of 5.98, a quick ratio of 2.88 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter last year, the company posted $0.43 EPS. The firm’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. Sell-side analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

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.