5,137 Bloom Energy Corporation $BE Shares Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC increased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,702 shares of the company’s stock after acquiring an additional 5,137 shares during the quarter. Bloom Energy comprises 2.1% of Torray Investment Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Torray Investment Partners LLC’s holdings in Bloom Energy were worth $15,982,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. raised its holdings in Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Compound Planning Inc. lifted its stake in Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after purchasing an additional 38 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Bloom Energy by 13.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after purchasing an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 46 shares during the last quarter. Finally, Truefg LLC boosted its holdings in shares of Bloom Energy by 2.4% during the 3rd quarter. Truefg LLC now owns 2,048 shares of the company’s stock worth $567,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom and California Resources Corporation, including its Carbon TerraVault business, signed a non-binding MOU to evaluate at least 1 gigawatt of Bloom solid-oxide fuel-cell power paired with carbon capture and storage. The proposed projects could serve utilities, data centers and industrial customers, opening a sizable commercial opportunity. California Resources Corporation Announces Strategic Collaboration with Bloom Energy
• Positive Sentiment: Barclays upgraded Bloom to Overweight from Equal Weight, citing prospects for firm, on-site power, including demand from AI data centers. The analyst’s $289 price target still implies substantial potential upside from the price cited in the coverage, although it was reduced from $316. Bloom Energy Stock Upgrade Points to Staying Power for AI Data Centers
• Positive Sentiment: Recent operating results provide support for the growth story: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and raised its full-year revenue guidance to $4.4 billion–$4.6 billion. Why Did Bloom Energy Stock Jump Today?
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his stake by 4.24%; he still owned 199,505 shares after the transaction. SEC ownership filing
• Negative Sentiment: The California initiative remains an evaluation-stage, non-binding MOU, so the proposed capacity is not yet a firm order. Bloom’s elevated valuation also leaves the shares vulnerable if projects are delayed or fail to convert into revenue-generating contracts.

Bloom Energy Stock Performance

NYSE:BE opened at $214.05 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08. The firm has a market capitalization of $63.28 billion, a price-to-earnings ratio of 131.32, a PEG ratio of 1.98 and a beta of 3.63. The company’s 50-day moving average is $248.26 and its two-hundred day moving average is $220.48. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The business’s revenue was up 138.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. Analysts forecast that Bloom Energy Corporation will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Monday, October 19th. KeyCorp reiterated a “sector weight” rating on shares of Bloom Energy in a research report on Friday, October 23rd. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a research note on Friday, October 23rd. JPMorgan Chase & Co. dropped their target price on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $242.00 target price on shares of Bloom Energy in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and a consensus target price of $263.05.

Insider Transactions at Bloom Energy

In related news, Director Jeffrey Immelt sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the completion of the transaction, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. This represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Soderberg sold 2,895 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $233.60, for a total value of $676,272.00. Following the sale, the insider directly owned 129,370 shares of the company’s stock, valued at approximately $30,220,832. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 83,526 shares of company stock valued at $20,492,938 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

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.