Oppenheimer Asset Management Inc. Acquires New Holdings in Bloom Energy Corporation $BE

Oppenheimer Asset Management Inc. bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,517 shares of the company’s stock, valued at approximately $382,000.

Several other large investors also recently made changes to their positions in BE. Gruss & Co. LLC acquired a new position in shares of Bloom Energy during the third quarter worth approximately $423,000. Smartleaf Asset Management LLC raised its stake in Bloom Energy by 113.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,372 shares of the company’s stock valued at $116,000 after acquiring an additional 729 shares in the last quarter. Alps Advisors Inc. acquired a new position in Bloom Energy during the 3rd quarter worth $1,099,000. Wellington Shields Capital Management LLC bought a new position in shares of Bloom Energy in the third quarter worth $15,322,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Bloom Energy in the third quarter worth $327,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BE. Barclays started coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective on the stock. Daiwa Securities Group set a $98.00 price target on shares of Bloom Energy in a research report on Tuesday, December 2nd. Bank of America set a $39.00 price objective on shares of Bloom Energy in a research note on Tuesday, November 25th. Roth Mkm boosted their target price on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $132.61.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider directly owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Stock Up 0.5%

NYSE BE opened at $139.70 on Tuesday. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $176.49. The company has a market capitalization of $39.19 billion, a P/E ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07. The company’s 50 day simple moving average is $122.91 and its 200 day simple moving average is $98.02. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative net margin of 4.37% and a positive return on equity of 7.88%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Bloom Energy 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.