Moors & Cabot Inc. Has $1.20 Million Holdings in Bloom Energy Corporation $BE

Moors & Cabot Inc. raised its stake in Bloom Energy Corporation (NYSE:BEFree Report) by 15.4% in the 4th quarter, HoldingsChannel reports. The fund owned 13,750 shares of the company’s stock after buying an additional 1,840 shares during the quarter. Moors & Cabot Inc.’s holdings in Bloom Energy were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC increased its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Hantz Financial Services Inc. increased its position in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Bloom Energy in the 3rd quarter valued at about $32,000. NewEdge Advisors LLC increased its position in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Bloom Energy in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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Bloom Energy Stock Down 1.9%

Bloom Energy stock opened at $284.48 on Friday. The company’s 50 day simple moving average is $220.81 and its 200 day simple moving average is $160.23. Bloom Energy Corporation has a fifty-two week low of $18.12 and a fifty-two week high of $322.83. The firm has a market capitalization of $80.92 billion, a price-to-earnings ratio of -5,688.50 and a beta of 3.82. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million for 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% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 2,111 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $288.24, for a total transaction of $608,474.64. Following the completion of the sale, the insider owned 210,254 shares of the company’s stock, valued at $60,603,612.96. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 4,813 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the sale, the insider directly owned 175,708 shares of the company’s stock, valued at $50,639,045.60. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 268,777 shares of company stock valued at $55,112,564 over the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

BE has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Susquehanna lifted their price target on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy has an average rating of “Moderate Buy” and a consensus target price of $217.48.

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Bloom Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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