23,471 Shares in Bloom Energy Corporation $BE Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the third quarter, HoldingsChannel.com reports. The firm acquired 23,471 shares of the company’s stock, valued at approximately $1,985,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Bloom Energy by 3.3% during the third quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after acquiring an additional 162 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in Bloom Energy by 2.4% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock valued at $966,000 after purchasing an additional 270 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares during the period. Rothschild Investment LLC grew its holdings in Bloom Energy by 74.4% in the 3rd quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock worth $58,000 after buying an additional 290 shares in the last quarter. Finally, Prospera Financial Services Inc increased its position in Bloom Energy by 0.3% in the 2nd 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. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

NYSE:BE opened at $159.87 on Friday. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $180.90. The stock has a market cap of $44.85 billion, a P/E ratio of -420.71, a PEG ratio of 6.73 and a beta of 3.11. The company has a fifty day moving average price of $140.35 and a 200 day moving average price of $108.05. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BE shares. Bank of America set a $39.00 price target on Bloom Energy in a report on Tuesday, November 25th. Morgan Stanley increased their price objective on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Barclays started coverage on Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 target price on the stock. Wells Fargo & Company increased their price target on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Finally, Citigroup began coverage on Bloom Energy in a research note on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average price target of $131.87.

Insider Transactions at Bloom Energy

In related news, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the completion of the transaction, the insider directly owned 210,465 shares of the company’s stock, valued at $36,957,654. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at $372,277,730. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 268,788 shares of company stock valued at $45,575,889. 3.60% of the stock is owned by insiders.

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.