Straight Path Wealth Management Decreases Stock Holdings in Bloom Energy Corporation $BE

Straight Path Wealth Management reduced its stake in shares of Bloom Energy Corporation (NYSE:BE) by 57.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the company’s stock after selling 7,500 shares during the quarter. Straight Path Wealth Management’s holdings in Bloom Energy were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BE. Hantz Financial Services Inc. raised its stake in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. WPG Advisers LLC raised its stake in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Bloom Energy in the third quarter valued at about $32,000. Lodestone Wealth Management LLC purchased a new stake in Bloom Energy in the fourth quarter valued at about $43,000. Finally, TFC Financial Management Inc. raised its stake in Bloom Energy by 56,600.0% in the fourth quarter. TFC Financial Management Inc. now owns 567 shares of the company’s stock valued at $49,000 after buying an additional 566 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on BE shares. Robert W. Baird increased their price target on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Barclays increased their price target on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada increased their price target on Bloom Energy to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $217.48.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the transaction, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the transaction, the director owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 323,777 shares of company stock valued at $71,485,514. 3.00% of the stock is owned by company insiders.

Key Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy continues to benefit from major AI data center power opportunities, including reported gigawatt-scale fuel-cell agreements, which could materially expand future revenue and reinforce its role in AI infrastructure. The Bull Case For Bloom Energy (BE) Could Change Following New AI Data Center Contracts And Governance Shift
• Positive Sentiment: Jim Cramer publicly called Bloom Energy a “huge believer,” adding to bullish sentiment around the stock as investors rotate into AI-related names. Jim Cramer Says He Is a “Huge Believer” in Bloom Energy
• Positive Sentiment: Bloom Energy was also highlighted as a beneficiary of rising demand for renewable power and battery-related infrastructure, with analysts pointing to AI growth as a tailwind for the company. Buy These Renewable Energy & Battery Stocks Amid Global Energy Crisis
• Positive Sentiment: The CEO said Bloom Energy does not need to raise capital despite the AI boom, which may reduce concerns about dilution and signal confidence in the company’s funding position. Bloom Energy CEO sees no need to raise capital despite AI boom
• Neutral Sentiment: The company also appeared in commentary about data-center opposition, with management arguing that resistance to new data centers could increase demand for Bloom’s distributed power solutions. NIMBY pushback to data centers a boon for San Jose-based Bloom Energy, CEO Says
• Negative Sentiment: Bloom Energy also moved lower at times amid a broader pullback in fuel-cell and high-momentum energy stocks, suggesting some profit-taking after a strong rally. FuelCell Energy Plunges 10%, Plug Power Falls 6% in Fuel Cell Rout as Bloom Energy Slips
• Negative Sentiment: One notable headwind is insider selling: Director John T. Chambers sold 55,000 shares, which can weigh on sentiment even if it does not change the company’s fundamentals. Bloom Energy (NYSE:BE) Director John Chambers Sells 55,000 Shares

Bloom Energy Trading Up 1.5%

Shares of NYSE:BE opened at $291.70 on Friday. Bloom Energy Corporation has a 52-week low of $19.97 and a 52-week high of $322.83. The stock has a market cap of $82.97 billion, a price-to-earnings ratio of -5,832.79 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The business has a 50-day moving average price of $231.82 and a 200-day moving average price of $165.22.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts predict that Bloom Energy Corporation will post 1.31 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.