Bloom Energy Corporation $BE Holdings Reduced by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lowered its position in Bloom Energy Corporation (NYSE:BE) by 68.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,135 shares of the company’s stock after selling 4,675 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Bloom Energy were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in Bloom Energy in the 1st quarter valued at approximately $2,055,000. AQR Capital Management LLC bought a new stake in Bloom Energy during the 1st quarter valued at $1,820,000. NewEdge Advisors LLC boosted its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. boosted its position in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after acquiring an additional 836,810 shares during the period. Finally, Focus Partners Wealth grew its stake in shares of Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 35,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the sale, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 230,274 shares of company stock worth $58,696,472. Corporate insiders own 3.00% of the company’s stock.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Bloom Energy is set to join the Russell 1000 index, which can trigger buying from index funds and helped fuel a rebound after last week’s selloff. Why Is BE Stock Rebounding After Last Week’s Selloff?
• Positive Sentiment: Investors remain focused on Bloom Energy’s role in powering AI data centers, with commentary highlighting strong backlog growth, raised revenue guidance, and expanding manufacturing capacity. Bloom Energy: The AI Power Play You Don’t Want To Leave Early
• Positive Sentiment: A fresh bullish take argues the market may be underestimating Bloom Energy’s long-running “time to power” thesis, which has been supported by repeated management commentary on earnings calls and has driven the stock’s huge multi-year run. The ‘Time To Power’ Signal The Market Missed In Bloom Energy Stock
• Neutral Sentiment: Bloom Energy is being mentioned alongside a broader rally in fuel-cell stocks, suggesting sector momentum is also supporting sentiment. FuelCell Energy stock breaks out bullishly on debt financing deal
• Negative Sentiment: Some recent commentary warns that Bloom Energy’s rally may be losing momentum, with concerns that the AI trade has become overheated and vulnerable to a pullback. Bloom Energy’s Momentum Fatigue Plays Out, AI Trade Too Hot To Handle
• Negative Sentiment: Another note points to Friday’s sharp decline as a warning sign, reflecting investor concern that the stock may have been extended after a massive run-up. Bloom Energy: Friday’s 18% Plunge Is A Warning

Analyst Ratings Changes

A number of brokerages have recently commented on BE. Mizuho set a $285.00 price target on Bloom Energy in a report on Friday, May 1st. Susquehanna increased their target price on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. BTIG Research raised their target price on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein initiated coverage on shares of Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.36.

Bloom Energy Trading Up 9.2%

Shares of NYSE:BE opened at $275.13 on Tuesday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The stock has a market capitalization of $78.26 billion, a price-to-earnings ratio of -5,501.58 and a beta of 3.74. Bloom Energy Corporation has a 1-year low of $21.52 and a 1-year high of $351.28. The company has a 50 day moving average price of $276.16 and a 200 day moving average price of $186.91.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The firm’s 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. On average, research analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

About Bloom Energy

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.