3,924 Bloom Energy Corporation $BE Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. raised its position in Bloom Energy Corporation (NYSE:BE) by 3,114.3% during the third quarter, Holdings Channel reports. The institutional investor owned 4,050 shares of the company’s stock after buying an additional 3,924 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Bloom Energy were worth $1,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Bloom Energy by 6.1% during the first quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after acquiring an additional 126,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares during the period. Elemental Capital Partners LLC boosted its holdings in Bloom Energy by 2.5% in the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after acquiring an additional 25,625 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Bloom Energy in the second quarter valued at about $296,413,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Monday, October 19th. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 target price on shares of Bloom Energy in a research report on Friday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Bloom Energy in a research note on Friday, October 23rd. Finally, Robert W. Baird lifted their price target on shares of Bloom Energy from $310.00 to $351.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $263.05.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $173.35 on Monday. The firm has a fifty day moving average of $246.00 and a two-hundred day moving average of $220.98. The stock has a market capitalization of $51.25 billion, a price-to-earnings ratio of 106.35, a PEG ratio of 1.75 and a beta of 3.63. Bloom Energy Corporation has a 52 week low of $75.70 and a 52 week high of $351.28. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 138.1% on a year-over-year basis. As a group, equities research analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In related news, Director John Chambers sold 8,828 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $203.43, for a total value of $1,795,880.04. Following the completion of the sale, the director owned 199,505 shares in the company, valued at approximately $40,585,302.15. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the transaction, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 85,859 shares of company stock valued at $20,994,650 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.