Patriot Financial Group Insurance Agency LLC Purchases Shares of 4,002 Bloom Energy Corporation $BE

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Bloom Energy Corporation (NYSE:BEFree Report) during the first quarter, Holdings Channel.com reports. The firm purchased 4,002 shares of the company’s stock, valued at approximately $542,000.

Several other large investors also recently modified their holdings of BE. Geode Capital Management LLC increased its stake in shares of Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after acquiring an additional 269,662 shares in the last quarter. Brooklands Fund Management Ltd bought a new position in Bloom Energy during the fourth quarter worth $347,560,000. Amundi boosted its stake in Bloom Energy by 390.7% during the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock worth $274,068,000 after acquiring an additional 2,511,426 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the fourth quarter worth $239,683,000. Finally, Goldman Sachs Group Inc. grew its holdings in Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Trending Headlines about Bloom Energy

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. Sanford C. Bernstein assumed coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 target price for the company. Roth Mkm set a $225.00 target price on Bloom Energy in a research report on Wednesday, April 29th. Barclays upped their price target on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.36.

Get Our Latest Analysis on BE

Bloom Energy Stock Up 10.0%

Bloom Energy stock opened at $302.41 on Wednesday. Bloom Energy Corporation has a 1-year low of $21.52 and a 1-year high of $351.28. The firm has a market capitalization of $86.02 billion, a price-to-earnings ratio of -6,047.03 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm’s fifty day moving average price is $278.07 and its two-hundred day moving average price is $188.33.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company’s quarterly revenue was up 130.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 35,000 shares of the company’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 completion of the sale, the insider owned 341,731 shares in the company, valued at approximately $95,342,949. This represents a 9.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 220,274 shares of company stock valued at $57,337,672. 3.00% of the stock is currently owned by company insiders.

About Bloom Energy

(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.

See Also

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

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