Bloom Energy Corporation $BE Shares Sold by Udine Wealth Management Inc.

Udine Wealth Management Inc. decreased its stake in shares of Bloom Energy Corporation (NYSE:BE) by 40.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,426 shares of the company’s stock after selling 25,541 shares during the quarter. Bloom Energy comprises 1.5% of Udine Wealth Management Inc.’s portfolio, making the stock its 17th largest position. Udine Wealth Management Inc.’s holdings in Bloom Energy were worth $3,252,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Bloom Energy by 6.3% during 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 period. Graticule Asia Macro Advisors LLC acquired a new stake in Bloom Energy during the third quarter worth about $402,494,000. Trivest Advisors Ltd raised its holdings in shares of Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the period. Finally, Norges Bank purchased a new stake in shares of Bloom Energy during the 2nd quarter worth about $57,821,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

BE has been the topic of a number of recent research reports. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research report on Tuesday, January 27th. Roth Mkm lifted their target price on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Mizuho upped their price target on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Jefferies Financial Group cut their price objective on Bloom Energy to $97.00 and set an “underperform” rating on the stock in a research report on Friday, March 27th. Finally, Wells Fargo & Company upped their target price on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy has an average rating of “Hold” and an average price target of $131.65.

Insiders Place Their Bets

In other Bloom Energy news, insider Satish Chitoori sold 18,964 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the completion of the transaction, the insider directly owned 232,365 shares of the company’s stock, valued at $35,888,774.25. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 15,410 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $150.47, for a total transaction of $2,318,742.70. Following the completion of the sale, the insider directly owned 195,732 shares of the company’s stock, valued at $29,451,794.04. The trade was a 7.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 380,092 shares of company stock valued at $62,724,725. 3.60% of the stock is owned by insiders.

Bloom Energy Trading Up 2.2%

Shares of BE opened at $135.40 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 50-day moving average price of $150.78 and a 200 day moving average price of $120.99. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The company has a market capitalization of $37.99 billion, a P/E ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data 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. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the business earned $0.43 EPS. Bloom Energy’s revenue for the quarter was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Sell-side analysts forecast 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.