Oppenheimer & Co. Inc. Sells 20,631 Shares of Bloom Energy Corporation $BE

by · The Cerbat Gem

Oppenheimer & Co. Inc. decreased its holdings in Bloom Energy Corporation (NYSE:BE – Free Report) by 53.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,124 shares of the company’s stock after selling 20,631 shares during the period. Oppenheimer & Co. Inc.’s holdings in Bloom Energy were worth $1,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Bloom Energy by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after purchasing an additional 95,990 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after acquiring an additional 836,810 shares during the last quarter. Norges Bank bought a new stake in shares of Bloom Energy in the 2nd quarter valued at about $57,821,000. Man Group plc boosted its holdings in Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after acquiring an additional 1,530,167 shares during the period. Finally, Elemental Capital Partners LLC bought a new position in Bloom Energy during the 3rd quarter worth approximately $101,720,000. Institutional investors own 77.04% of the company’s stock.

Insider Activity at Bloom Energy

In other news, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 431 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the transaction, the insider owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. The trade was a 0.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,278 shares of company stock worth $488,001 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BE has been the subject of a number of analyst reports. Susquehanna increased their price objective on Bloom Energy to $157.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Evercore reaffirmed an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. Bank of America set a $39.00 target price on shares of Bloom Energy in a report on Tuesday, November 25th. Finally, Roth Mkm boosted their price target on Bloom Energy to $133.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $132.61.

Check Out Our Latest Research Report on BE

Bloom Energy Price Performance

Shares of NYSE BE opened at $139.70 on Friday. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $176.49. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88. The company’s 50-day moving average is $122.35 and its 200 day moving average is $96.88. The stock has a market capitalization of $33.04 billion, a P/E ratio of -367.63, a P/E/G ratio of 5.78 and a beta of 3.07.

Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. Bloom Energy’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, sell-side analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Bloom Energy Company Profile

(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.

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