L & S Advisors Inc Has $6.81 Million Stock Holdings in Bloom Energy Corporation $BE

L & S Advisors Inc lowered its position in Bloom Energy Corporation (NYSE:BE) by 25.5% during the third quarter, HoldingsChannel.com reports. The firm owned 80,539 shares of the company’s stock after selling 27,500 shares during the quarter. L & S Advisors Inc’s holdings in Bloom Energy were worth $6,811,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Graticule Asia Macro Advisors LLC bought a new position in Bloom Energy during the third quarter valued at approximately $402,494,000. Norges Bank bought a new position in shares of Bloom Energy in the second quarter valued at approximately $57,821,000. Man Group plc boosted its holdings in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after buying an additional 1,530,167 shares during the period. Vanguard Group Inc. grew its stake in Bloom Energy by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after buying an additional 1,240,819 shares during the last quarter. Finally, Elemental Capital Partners LLC bought a new position in shares of Bloom Energy in the third quarter worth about $101,720,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This represents a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America set a $39.00 price target on shares of Bloom Energy in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $130.50.

Bloom Energy Trading Up 8.1%

BE stock opened at $157.16 on Thursday. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $176.49. The company has a market cap of $44.09 billion, a P/E ratio of -413.57, a PEG ratio of 6.01 and a beta of 3.07. The business has a fifty day moving average of $124.74 and a 200-day moving average of $99.19.

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

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.