TimesSquare Capital Management LLC Invests $14.81 Million in Bloom Energy Corporation $BE

TimesSquare Capital Management LLC acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 175,068 shares of the company’s stock, valued at approximately $14,806,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BE. Geode Capital Management LLC boosted its stake in shares of Bloom Energy by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after purchasing an additional 95,990 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares during the period. Norges Bank bought a new position in shares of Bloom Energy in the second quarter worth about $57,821,000. Man Group plc grew its stake in Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares in the last quarter. Finally, Elemental Capital Partners LLC bought a new stake in shares of Bloom Energy in the third quarter valued at about $101,720,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Trading Up 0.5%

NYSE BE opened at $139.70 on Monday. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $176.49. The company has a fifty day simple moving average of $122.35 and a two-hundred day simple moving average of $97.30. 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 cap of $39.19 billion, a P/E ratio of -367.63, a P/E/G ratio of 5.78 and a beta of 3.07.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the prior year, the firm earned $0.43 EPS. The firm’s 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. On average, analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 in the company, valued at approximately $20,219,045.88. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

BE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Barclays assumed coverage on Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 target price for the company. China Renaissance initiated coverage on Bloom Energy in a report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price target on the stock. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Wednesday, October 29th. Finally, Morgan Stanley raised their price objective on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and a consensus target price of $132.61.

Bloom Energy 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.