Bloom Energy Corporation $BE Shares Sold by Torray Investment Partners LLC

Torray Investment Partners LLC trimmed its holdings in Bloom Energy Corporation (NYSE:BE) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,786 shares of the company’s stock after selling 5,845 shares during the quarter. Torray Investment Partners LLC’s holdings in Bloom Energy were worth $2,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in Bloom Energy by 1.5% in the fourth quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after buying an additional 87 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Bloom Energy by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock valued at $113,000 after buying an additional 88 shares during the last quarter. Reliant Investment Management LLC lifted its stake in Bloom Energy by 3.6% in the fourth quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after buying an additional 90 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Bloom Energy by 3.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,928 shares of the company’s stock valued at $254,000 after buying an additional 98 shares during the last quarter. Finally, Choreo LLC lifted its stake in Bloom Energy by 3.6% in the fourth quarter. Choreo LLC now owns 2,879 shares of the company’s stock valued at $251,000 after buying an additional 99 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Price Performance

NYSE:BE traded up $6.93 during trading hours on Thursday, hitting $236.68. The company’s stock had a trading volume of 1,435,744 shares, compared to its average volume of 11,253,159. The business’s 50-day moving average is $159.81 and its two-hundred day moving average is $131.54. The company has a market capitalization of $66.40 billion, a PE ratio of -622.34, a PEG ratio of 8.87 and a beta of 3.18. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a 52-week low of $16.05 and a 52-week high of $238.32.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts anticipate that Bloom Energy Corporation will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BE. China Renaissance began coverage on Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective for the company. Mizuho boosted their price objective on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Royal Bank Of Canada set a $143.00 price objective on Bloom Energy in a research note on Tuesday, January 20th. Truist Financial set a $68.00 price target on Bloom Energy in a research note on Friday, January 9th. Finally, Morgan Stanley upped their price target on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and an average price target of $154.86.

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 19,944 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares in the company, valued at approximately $29,502,176.85. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 20,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the transaction, the insider owned 212,365 shares of the company’s stock, valued at $43,371,303.95. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 455,092 shares of company stock worth $78,564,475. 3.60% of the stock is owned by insiders.

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.