6,619 Shares in Bloom Energy Corporation $BE Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,619 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Bloom Energy by 3.3% in the third quarter. CWM LLC now owns 5,111 shares of the company’s stock valued at $432,000 after purchasing an additional 162 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in Bloom Energy by 2.4% during the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after purchasing an additional 270 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Bloom Energy by 250.9% in the 3rd 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. Prospera Financial Services Inc increased its stake in Bloom Energy by 0.3% in the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock valued at $2,285,000 after buying an additional 313 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Bloom Energy by 14.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock valued at $229,000 after buying an additional 335 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Trading Up 3.7%

Shares of Bloom Energy stock opened at $144.91 on Wednesday. The stock has a market capitalization of $40.65 billion, a P/E ratio of -381.34, a P/E/G ratio of 5.78 and a beta of 3.07. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $176.49. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The stock’s 50-day simple moving average is $123.63 and its 200 day simple moving average is $98.78.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Susquehanna boosted their target price on Bloom Energy to $157.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Jefferies Financial Group set a $102.00 price target on Bloom Energy in a report on Tuesday, February 10th. Daiwa Securities Group set a $98.00 price objective on Bloom Energy in a research note on Tuesday, December 2nd. Truist Financial set a $68.00 target price on Bloom Energy in a research report on Friday, January 9th. Finally, BTIG Research lifted their target price on Bloom Energy to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and an average target price of $130.50.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the completion of the transaction, the insider owned 229,449 shares in the company, valued at $20,219,045.88. This trade represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Company 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.