Bloom Energy Corporation $BE Shares Sold by Family CFO Inc

Family CFO Inc cut its position in shares of Bloom Energy Corporation (NYSE:BE) by 28.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,350 shares of the company’s stock after selling 19,650 shares during the period. Bloom Energy comprises about 5.2% of Family CFO Inc’s investment portfolio, making the stock its 6th largest position. Family CFO Inc’s holdings in Bloom Energy were worth $13,392,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jennison Associates LLC boosted its stake in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Bloom Energy in the 2nd quarter valued at $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bloom Energy by 78.3% in the 2nd 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 buying an additional 583,135 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $158,620,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Bloom Energy by 228.0% during the 1st quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock worth $79,660,000 after acquiring an additional 408,687 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen raised shares of Bloom Energy to a “hold” rating in a report on Monday, October 5th. UBS Group upped their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Monday, October 19th. KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a research report on Friday, October 23rd. Finally, Morgan Stanley raised their price target on shares of Bloom Energy from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $263.05.

Bloom Energy Stock Performance

Bloom Energy stock opened at $214.05 on Wednesday. The firm has a market capitalization of $63.28 billion, a P/E ratio of 102.75, a P/E/G ratio of 1.98 and a beta of 3.63. The stock has a fifty day moving average price of $248.26 and a two-hundred day moving average price of $220.48. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 138.1% compared to the same quarter last year. As a group, analysts anticipate that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Insider Activity

In related news, Director Jeffrey Immelt sold 30,000 shares of Bloom Energy stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the transaction, the director directly owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 8,437 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the completion of the transaction, the insider owned 147,092 shares in the company, valued at approximately $40,769,489.64. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,526 shares of company stock worth $20,492,938 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom and California Resources Corporation, including its Carbon TerraVault business, signed a non-binding MOU to evaluate at least 1 gigawatt of Bloom solid-oxide fuel-cell power paired with carbon capture and storage. The proposed projects could serve utilities, data centers and industrial customers, opening a sizable commercial opportunity. California Resources Corporation Announces Strategic Collaboration with Bloom Energy
• Positive Sentiment: Barclays upgraded Bloom to Overweight from Equal Weight, citing prospects for firm, on-site power, including demand from AI data centers. The analyst’s $289 price target still implies substantial potential upside from the price cited in the coverage, although it was reduced from $316. Bloom Energy Stock Upgrade Points to Staying Power for AI Data Centers
• Positive Sentiment: Recent operating results provide support for the growth story: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and raised its full-year revenue guidance to $4.4 billion–$4.6 billion. Why Did Bloom Energy Stock Jump Today?
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his stake by 4.24%; he still owned 199,505 shares after the transaction. SEC ownership filing
• Negative Sentiment: The California initiative remains an evaluation-stage, non-binding MOU, so the proposed capacity is not yet a firm order. Bloom’s elevated valuation also leaves the shares vulnerable if projects are delayed or fail to convert into revenue-generating contracts.

About Bloom Energy

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.