Insigneo Advisory Services LLC Acquires Shares of 6,428 Bloom Energy Corporation $BE

Insigneo Advisory Services LLC bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,428 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors have also modified their holdings of BE. Fifth Third Bancorp acquired a new stake in Bloom Energy during the 3rd quarter valued at approximately $32,000. N.E.W. Advisory Services LLC purchased a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew 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 buying an additional 281 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Bloom Energy during the third quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Bloom Energy in the third quarter valued at $42,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Transactions at Bloom Energy

In other Bloom Energy news, Director Gary S. Pinkus sold 1,250 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.80, for a total value of $207,250.00. Following the sale, the director directly owned 4,149 shares in the company, valued at approximately $687,904.20. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 1,521 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total transaction of $211,981.77. Following the transaction, the insider directly owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. This trade represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 268,788 shares of company stock valued at $45,575,889 over the last three months. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BE shares. Citigroup initiated coverage on shares of Bloom Energy in a report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 price objective for the company. UBS Group reiterated a “buy” rating and issued a $170.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a report on Tuesday, January 27th. Evercore reaffirmed an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a report on Friday, February 6th. Finally, Wells Fargo & Company lifted their target price on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $159.87 on Friday. 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 firm’s 50-day moving average price is $140.35 and its two-hundred day moving average price is $108.05. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The stock has a market capitalization of $44.85 billion, a P/E ratio of -420.71, a P/E/G ratio of 6.73 and a beta of 3.11.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The company had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current 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.