Wealthfront Advisers LLC Invests $255,000 in Bloom Energy Corporation $BE

Wealthfront Advisers LLC bought a new position in Bloom Energy Corporation (NYSE:BEFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,938 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BE. Graticule Asia Macro Advisors LLC purchased a new stake in shares of Bloom Energy in the 3rd quarter worth about $402,494,000. Trivest Advisors Ltd lifted its position in shares of Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Bloom Energy in the 3rd quarter worth about $141,679,000. Man Group plc lifted its position in shares of Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after purchasing an additional 1,530,167 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Bloom Energy by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after purchasing an additional 1,240,819 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bloom Energy

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

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $295.31 on Wednesday. The business has a fifty day simple moving average of $175.20 and a two-hundred day simple moving average of $139.65. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $82.85 billion, a P/E ratio of -5,904.92 and a beta of 3.82. Bloom Energy Corporation has a 12 month low of $16.05 and a 12 month high of $302.99.

Bloom Energy (NYSE:BEGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on BE. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Barclays raised their price objective on Bloom Energy to $177.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Wells Fargo & Company raised their price objective on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Evercore reissued an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.81.

Check Out Our Latest Report on Bloom Energy

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction dated 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 directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 490,092 shares of company stock worth $88,329,475 in the last 90 days. 3.00% of the stock is owned by company insiders.

About Bloom Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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