Parametrica Management Ltd bought a new stake in shares of Bloom Energy Corporation (NYSE:BE – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,500 shares of the company’s stock, valued at approximately $1,523,000. Bloom Energy comprises 1.1% of Parametrica Management Ltd’s investment portfolio, making the stock its 18th largest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Continuum Advisory LLC acquired a new stake in Bloom Energy during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of Bloom Energy in the third quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. boosted its holdings in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the period. Markowski Investments acquired a new position in shares of Bloom Energy in the second quarter worth about $37,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Bloom Energy in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 77.04% of the company’s stock.
Bloom Energy Stock Performance
BE stock opened at $218.63 on Wednesday. The firm has a 50 day simple moving average of $247.45 and a 200 day simple moving average of $218.49. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The business’s revenue for the quarter was up 138.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, sell-side analysts forecast that Bloom Energy Corporation will post 2.04 earnings per share for the current year.
Insider Buying and Selling at Bloom Energy
In related news, insider Aman Joshi sold 8,437 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the sale, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the sale, the insider directly owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 over the last 90 days. 3.00% of the stock is currently owned by insiders.
Trending Headlines about Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Fuel-cell stocks are rallying broadly as the selloff following Bloom Energy’s third-quarter report continues to unwind. The move suggests concerns about the company’s cash flow and near-term funding needs are losing influence. Fuel Cell Stocks Rally as Post-Earnings Selloff Keeps Unwinding
- Positive Sentiment: Bloom Energy raised its 2026 guidance, reinforcing expectations for continued demand and improving operating performance. BMO set a $260 price target, while Barclays previously raised its target to $316. Bloom Energy Raises 2026 Guidance; BMO Targets $260
- Positive Sentiment: The company’s latest quarter showed explosive growth: revenue rose 138% year over year to $1.24 billion, while adjusted earnings of $0.94 per share exceeded the $0.69 consensus estimate. Investors also continue to view Bloom as a potential beneficiary of AI-related power consumption. Bloom Energy Stock Has Plunged Despite Explosive Growth
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on BE shares. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday. BTIG Research reduced their price target on shares of Bloom Energy from $295.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird raised their price objective on shares of Bloom Energy from $310.00 to $351.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of “Moderate Buy” and a consensus target price of $259.00.
Read Our Latest Stock Report on BE
About Bloom Energy
Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.
The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.
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