Florida Financial Advisors LLC Buys 3,608 Shares of Bloom Energy Corporation $BE

Florida Financial Advisors LLC boosted its stake in Bloom Energy Corporation (NYSE:BE) by 27.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,744 shares of the company’s stock after buying an additional 3,608 shares during the quarter. Florida Financial Advisors LLC’s holdings in Bloom Energy were worth $2,269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BE. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% in the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Bloom Energy during the first quarter valued at about $27,000. Godsey & Gibb Inc. lifted its position in shares of Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in Bloom Energy by 10,000.0% during the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 300 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 8,343 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the sale, the insider directly owned 163,807 shares of the company’s stock, valued at $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Chambers sold 55,000 shares of the business’s 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 owned 238,333 shares in the company, valued at approximately $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. Insiders have sold 153,617 shares of company stock valued at $44,003,909 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Bloom Energy in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Finally, Roth Capital boosted their price objective on Bloom Energy from $225.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and an average price target of $250.41.

Bloom Energy Stock Performance

Shares of BE stock opened at $197.80 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 firm has a market cap of $56.26 billion, a price-to-earnings ratio of -3,955.21 and a beta of 3.73. Bloom Energy Corporation has a 52 week low of $24.39 and a 52 week high of $351.28. The firm’s 50-day simple moving average is $276.65 and its two-hundred day simple moving average is $203.99.

Bloom Energy (NYSE:BE) last released its earnings results 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 net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period in the prior year, the firm earned $0.03 EPS. The company’s 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, equities analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current 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.