Verition Fund Management LLC Reduces Holdings in Bloom Energy Corporation $BE

Verition Fund Management LLC trimmed its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 18.3% in the fourth quarter, HoldingsChannel reports. The firm owned 186,246 shares of the company’s stock after selling 41,772 shares during the period. Verition Fund Management LLC’s holdings in Bloom Energy were worth $16,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Panagora Asset Management Inc. purchased a new position in shares of Bloom Energy during the 4th quarter worth approximately $6,335,000. MML Investors Services LLC increased its stake in shares of Bloom Energy by 9.3% during the 4th quarter. MML Investors Services LLC now owns 8,774 shares of the company’s stock worth $762,000 after purchasing an additional 750 shares in the last quarter. Mariner LLC increased its stake in shares of Bloom Energy by 27.9% during the 4th quarter. Mariner LLC now owns 33,580 shares of the company’s stock worth $2,918,000 after purchasing an additional 7,330 shares in the last quarter. Nicholas Investment Partners LP increased its stake in shares of Bloom Energy by 2.9% during the 4th quarter. Nicholas Investment Partners LP now owns 112,116 shares of the company’s stock worth $9,742,000 after purchasing an additional 3,182 shares in the last quarter. Finally, Fifth Lane Capital LP purchased a new position in shares of Bloom Energy during the 4th quarter worth approximately $348,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the transaction, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the completion of the transaction, the insider owned 180,521 shares in the company, valued at $24,529,193.48. This represents a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 234,188 shares of company stock worth $57,693,971 over the last three months. Insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

NYSE:BE opened at $274.49 on Tuesday. Bloom Energy Corporation has a twelve month low of $20.93 and a twelve month high of $322.83. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $78.08 billion, a price-to-earnings ratio of -5,488.72 and a beta of 3.74. The firm’s fifty day simple moving average is $248.99 and its 200 day simple moving average is $172.99.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same quarter in the previous year, the business posted $0.03 EPS. The firm’s revenue 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. As a group, equities research analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

BE has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. TD Cowen raised their price objective on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. UBS Group lifted their target price on shares of Bloom Energy to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. BTIG Research lifted their target price on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna lifted their target price on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.48.

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.