Teamwork Financial Advisors LLC Acquires New Holdings in Bloom Energy Corporation $BE

by · The Markets Daily

Teamwork Financial Advisors LLC acquired a new stake in Bloom Energy Corporation (NYSE:BE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,218 shares of the company’s stock, valued at approximately $1,722,000.

A number of other hedge funds have also recently added to or reduced their stakes in BE. Montanova Capital LLC bought a new position in Bloom Energy in the second quarter valued at about $10,231,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bloom Energy by 78.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after purchasing an additional 583,135 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of Bloom Energy during the first quarter worth about $813,000. Assenagon Asset Management S.A. grew its holdings in shares of Bloom Energy by 3,398.3% during the second quarter. Assenagon Asset Management S.A. now owns 239,877 shares of the company’s stock worth $72,611,000 after purchasing an additional 233,020 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Bloom Energy during the first quarter worth about $8,468,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 price objective on shares of Bloom Energy in a report on Monday, September 28th. Roth Capital reissued a “neutral” rating and set a $260.00 target price on shares of Bloom Energy in a report on Tuesday, October 13th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. JPMorgan Chase & Co. cut their price target on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.05.

Check Out Our Latest Research Report on Bloom Energy

Bloom Energy Trading Up 2.1%

BE stock traded up $4.55 during midday trading on Monday, hitting $225.86. The stock had a trading volume of 9,940,285 shares, compared to its average volume of 13,011,356. The firm has a market cap of $66.52 billion, a P/E ratio of 301.15, a price-to-earnings-growth ratio of 2.86 and a beta of 3.77. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. Bloom Energy Corporation has a 1-year low of $75.70 and a 1-year high of $351.28. The business has a fifty day moving average price of $249.30 and a two-hundred day moving average price of $246.99.

Bloom Energy (NYSE:BE – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Chambers sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the sale, the director owned 208,333 shares in the company, valued at $52,083,250. This represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aman Joshi sold 8,437 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $277.17, for a total value of $2,338,483.29. Following the sale, the insider directly owned 147,092 shares of the company’s stock, valued at $40,769,489.64. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 89,698 shares of company stock worth $21,780,758 over the last three months. Insiders own 3.00% of the company’s stock.

Bloom Energy Company Profile

(Free Report)

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.

Further Reading

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