Rhumbline Advisers Acquires 9,680 Shares of Bloom Energy Corporation $BE

Rhumbline Advisers raised its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 3.0% during the third quarter, HoldingsChannel reports. The fund owned 329,162 shares of the company’s stock after purchasing an additional 9,680 shares during the quarter. Rhumbline Advisers’ holdings in Bloom Energy were worth $27,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In related news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider directly owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This represents a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Price Performance

BE opened at $139.70 on Monday. 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 capitalization of $39.19 billion, a P/E ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07. The stock has a 50-day moving average price of $122.35 and a 200-day moving average price of $97.30. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $176.49.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Daiwa Securities Group set a $98.00 price target on shares of Bloom Energy in a report on Tuesday, December 2nd. China Renaissance initiated coverage on Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective for the company. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. BTIG Research raised their price target on Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Jefferies Financial Group set a $102.00 price target on Bloom Energy in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $132.61.

About Bloom Energy

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.