Brookstone Capital Management Makes New $1.45 Million Investment in Bloom Energy Corporation $BE

Brookstone Capital Management acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,731 shares of the company’s stock, valued at approximately $1,454,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at approximately $1,825,000. Strs Ohio increased its stake in Bloom Energy by 24.8% in the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after buying an additional 8,200 shares during the last quarter. Fortem Financial Group LLC bought a new stake in Bloom Energy during the fourth quarter worth about $369,000. Teachers Retirement System of The State of Kentucky acquired a new position in Bloom Energy during the third quarter valued at approximately $1,985,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Bloom Energy in the third quarter valued at $1,691,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Stock Down 5.5%

NYSE:BE opened at $308.37 on Friday. Bloom Energy Corporation has a one year low of $21.50 and a one year high of $351.28. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The company has a market cap of $87.71 billion, a PE ratio of -6,166.13 and a beta of 3.73. The firm’s 50 day simple moving average is $273.94 and its 200 day simple moving average is $184.71.

Bloom Energy (NYSE:BE) last announced its quarterly 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 firm had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Mizuho set a $285.00 price target on Bloom Energy in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Bloom Energy in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.36.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,837 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total value of $820,205.07. Following the transaction, the insider owned 207,417 shares in the company, valued at $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Marie Soderberg sold 2,842 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total value of $820,286.46. Following the sale, the insider owned 132,265 shares in the company, valued at approximately $38,175,646.95. The trade was a 2.10% 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. In the last three months, insiders have sold 230,274 shares of company stock worth $58,696,472. Company insiders own 3.00% of the company’s stock.

Bloom Energy Company Profile

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.