Bloom Energy Corporation $BE Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,794 shares of the company’s stock after acquiring an additional 3,046 shares during the period. Independent Advisor Alliance’s holdings in Bloom Energy were worth $7,628,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp grew its holdings in Bloom Energy by 8.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,636 shares of the company’s stock valued at $142,000 after purchasing an additional 131 shares during the last quarter. World Investment Advisors acquired a new stake in Bloom Energy in the fourth quarter valued at $1,112,000. Meridian Wealth Management LLC lifted its position in shares of Bloom Energy by 13.1% in the fourth quarter. Meridian Wealth Management LLC now owns 7,397 shares of the company’s stock valued at $643,000 after acquiring an additional 854 shares in the last quarter. Proem Advisors LLC purchased a new stake in shares of Bloom Energy in the fourth quarter valued at $3,918,000. Finally, Bailard Inc. purchased a new stake in shares of Bloom Energy in the fourth quarter valued at $607,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Activity

In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the transaction, the director owned 108,524 shares of the company’s stock, valued at $28,971,567.04. This trade represents a 18.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aman Joshi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the transaction, the insider directly owned 180,521 shares in the company, valued at approximately $24,529,193.48. This represents a 5.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 515,092 shares of company stock worth $95,003,475 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BE. BTIG Research increased their target price on Bloom Energy to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. Barclays increased their target price on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, BMO Capital Markets increased their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Price Performance

Shares of NYSE BE opened at $281.23 on Wednesday. Bloom Energy Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $302.99. The business has a 50 day moving average price of $186.16 and a two-hundred day moving average price of $145.55. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a market cap of $79.99 billion, a PE ratio of -5,623.46 and a beta of 3.82.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. During the same quarter last year, the firm earned $0.03 EPS. Bloom Energy’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

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.