Bloom Energy Corporation $BE Shares Acquired by Swiss National Bank

Swiss National Bank raised its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 7.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 427,800 shares of the company’s stock after buying an additional 31,400 shares during the period. Swiss National Bank owned about 0.18% of Bloom Energy worth $36,179,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Bloom Energy during the 3rd quarter worth $165,000. Russell Investments Group Ltd. raised its position in shares of Bloom Energy by 1,081.2% during the third quarter. Russell Investments Group Ltd. now owns 84,938 shares of the company’s stock worth $7,183,000 after purchasing an additional 77,747 shares during the period. Inceptionr LLC purchased a new stake in shares of Bloom Energy during the third quarter valued at $910,000. Private Advisor Group LLC purchased a new stake in shares of Bloom Energy during the third quarter valued at $503,000. Finally, Rathbones Group PLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. UBS Group reissued a “buy” rating and issued a $170.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Royal Bank Of Canada set a $143.00 price target on shares of Bloom Energy in a report on Tuesday, January 20th. Morgan Stanley upped their price target on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Mizuho raised their price objective on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $131.87.

Insider Activity at Bloom Energy

In related news, insider Maciej Kurzymski sold 3,264 shares of the company’s 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 completion of the sale, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Aman Joshi sold 10,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the transaction, the insider directly owned 210,465 shares in the company, valued at $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 268,788 shares of company stock worth $45,575,889 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Up 0.6%

Shares of Bloom Energy stock traded up $0.99 during trading on Friday, hitting $158.16. 1,860,396 shares of the stock traded hands, compared to its average volume of 11,754,307. The stock has a market cap of $44.37 billion, a P/E ratio of -418.04, a PEG ratio of 6.50 and a beta of 3.11. The company has a fifty day moving average price of $146.69 and a two-hundred day moving average price of $111.72. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

Bloom Energy (NYSE:BE) last released 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 for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

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.