WT Asset Management Ltd Acquires New Position in Bloom Energy Corporation $BE

WT Asset Management Ltd purchased a new stake in Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 301,500 shares of the company’s stock, valued at approximately $25,498,000. Bloom Energy accounts for 1.2% of WT Asset Management Ltd’s portfolio, making the stock its 20th biggest holding. WT Asset Management Ltd owned about 0.13% of Bloom Energy at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BE. N.E.W. Advisory Services LLC purchased a new position in Bloom Energy in the third quarter valued at about $32,000. Fifth Third Bancorp purchased a new position in Bloom Energy in the third quarter worth $32,000. Parkside Financial Bank & Trust increased its position in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after purchasing an additional 281 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter valued at $36,000. Finally, NewEdge Advisors LLC grew its stake in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 3,332 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.56, for a total transaction of $465,013.92. Following the transaction, the insider directly owned 219,871 shares of the company’s stock, valued at $30,685,196.76. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 1,521 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77. Following the sale, the insider directly owned 230,017 shares of the company’s stock, valued at $32,057,469.29. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,294 shares of company stock valued at $1,520,974. Corporate insiders own 3.60% of the company’s stock.

Bloom Energy Stock Performance

Shares of NYSE:BE traded down $5.95 during trading on Friday, hitting $153.05. 1,294,481 shares of the stock traded hands, compared to its average volume of 12,192,800. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The company has a fifty day moving average price of $125.74 and a two-hundred day moving average price of $99.60. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $176.49. The company has a market cap of $42.94 billion, a price-to-earnings ratio of -404.82, a P/E/G ratio of 6.50 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced 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. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

BE has been the subject of several recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Daiwa Securities Group set a $98.00 target price on shares of Bloom Energy in a research report on Tuesday, December 2nd. Jefferies Financial Group set a $102.00 price target on shares of Bloom Energy in a report on Tuesday, February 10th. Truist Financial set a $68.00 target price on Bloom Energy in a research report on Friday, January 9th. Finally, China Renaissance began coverage on Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $130.50.

About Bloom Energy

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.