3,281 Shares in Bloom Energy Corporation $BE Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. bought a new position in Bloom Energy Corporation (NYSE:BE) in the first quarter, HoldingsChannel reports. The fund bought 3,281 shares of the company’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklands Fund Management Ltd purchased a new stake in shares of Bloom Energy during the 4th quarter valued at about $347,560,000. Norges Bank bought a new stake in shares of Bloom Energy in the fourth quarter worth approximately $239,683,000. Amundi raised its holdings in shares of Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after purchasing an additional 2,511,426 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $141,679,000. Finally, Man Group plc lifted its position in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after purchasing an additional 1,530,167 shares during the period. Institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider owned 212,365 shares in the company, valued at $43,371,303.95. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the sale, the director directly owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. The trade was a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 230,274 shares of company stock worth $58,696,472. Insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

BE opened at $308.37 on Friday. 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 company has a market cap of $87.71 billion, a price-to-earnings ratio of -6,166.13 and a beta of 3.73. The company’s 50 day moving average is $273.94 and its 200 day moving average is $184.71. Bloom Energy Corporation has a 12-month low of $21.50 and a 12-month high of $351.28.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BE. Roth Mkm set a $225.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research note on Tuesday, June 9th. Barclays boosted their target price on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. Finally, Robert W. Baird lifted their price objective on Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.36.

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.