2,938 Shares in Bloom Energy Corporation $BE Acquired by Reliant Investment Management LLC

Reliant Investment Management LLC bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) in the third quarter, Holdings Channel reports. The fund bought 2,938 shares of the company’s stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Bloom Energy by 20,074.4% in 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 increased its position 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 worth $299,688,000 after purchasing an additional 126,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Elemental Capital Partners LLC raised its stake in Bloom Energy by 2.5% in the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after purchasing an additional 25,625 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Bloom Energy in the 2nd quarter valued at $296,413,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Oracle support for Project Jupiter: Oracle reaffirmed Bloom Energy’s role in Project Jupiter, strengthening the case that Bloom could benefit from rising demand for on-site power infrastructure for data centers. Roth Capital raised its price target to $260 from $225, citing improving market acceptance ahead of Bloom’s third-quarter results. BE Stock Rises Overnight After Oracle Reaffirms Project Jupiter Role
• Positive Sentiment: Potential undervaluation based on future cash flow: One analysis argues Bloom may be about 34% undervalued following the Jersey Patch deal, provided the company can convert its expected growth into sustained cash generation. Bloom Energy Stock May Be 34% Undervalued After Jersey Patch Deal
• Neutral Sentiment: Growth expectations remain central: Commentary focused on whether Bloom can scale profits fast enough to justify its premium valuation. Shares trade at roughly 177.5 times adjusted trailing earnings in one analysis, while the company’s reported valuation metrics also reflect exceptionally high growth expectations. What Are Bloom Energy Investors Betting On?
• Negative Sentiment: Oil and inflation concerns pressured the stock: Crude oil’s rise and a hotter inflation reading revived fears that U.S. interest rates will remain elevated. Higher rates typically weigh on high-growth, capital-intensive data-center infrastructure companies such as Bloom Energy. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes

Bloom Energy Trading Down 9.4%

Shares of Bloom Energy stock opened at $238.80 on Thursday. The stock has a market cap of $70.33 billion, a P/E ratio of 318.40, a P/E/G ratio of 3.39 and a beta of 3.77. The stock’s 50 day simple moving average is $249.11 and its 200-day simple moving average is $245.54. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The business’s revenue was up 165.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Analysts predict that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BE. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Susquehanna lifted their target price on shares of Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research note on Friday, July 10th. Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Roth Capital reaffirmed a “neutral” rating and set a $260.00 target price on shares of Bloom Energy in a report on Tuesday. Finally, BTIG Research reiterated a “buy” rating and issued a $295.00 target price on shares of Bloom Energy in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.18.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the completion of the sale, the insider directly owned 202,494 shares in the company, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey R. Immelt sold 30,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the sale, the director owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,698 shares of company stock valued at $21,780,758 in the last 90 days. 3.00% of the stock is owned by insiders.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.