Zevenbergen Capital Investments LLC Has $6.55 Million Stake in Bloom Energy Corporation $BE

Zevenbergen Capital Investments LLC lessened its position in shares of Bloom Energy Corporation (NYSE:BE) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,375 shares of the company’s stock after selling 29,375 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Bloom Energy were worth $6,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after purchasing an additional 1,240,819 shares during the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in shares of Bloom Energy in the third quarter valued at approximately $402,494,000. Trivest Advisors Ltd raised its holdings in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after buying an additional 3,201,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Bloom Energy by 50.3% during the 1st 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. Finally, Norges Bank bought a new stake in Bloom Energy during the 2nd quarter worth approximately $57,821,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Trading Down 10.3%

NYSE BE opened at $119.48 on Tuesday. The stock has a market capitalization of $33.52 billion, a P/E ratio of -314.41, a P/E/G ratio of 5.44 and a beta of 3.11. The business has a 50 day simple moving average of $151.66 and a 200 day simple moving average of $120.33. 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 Corporation has a one year low of $15.15 and a one year high of $180.90.

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 analysts’ consensus estimates of $0.25 by $0.20. The firm 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%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the transaction, the insider owned 190,521 shares in the company, valued at approximately $29,502,176.85. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Satish Chitoori sold 18,964 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the transaction, the insider directly owned 232,365 shares in the company, valued at $35,888,774.25. This trade represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 370,092 shares of company stock valued at $61,365,925. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BE. BMO Capital Markets increased their price objective on Bloom Energy to $149.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup assumed coverage on Bloom Energy in a research report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 price objective for the company. Wall Street Zen lowered Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, TD Cowen increased their target price on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $131.65.

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.