Vise Technologies Inc. Buys New Stake in Bloom Energy Corporation $BE

Vise Technologies Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,172 shares of the company’s stock, valued at approximately $1,709,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Bloom Energy during the 2nd quarter worth about $296,413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after acquiring an additional 583,135 shares during the period. Bessemer Group Inc. boosted its holdings in Bloom Energy by 228.0% during the 1st quarter. Bessemer Group Inc. now owns 587,947 shares of the company’s stock valued at $79,660,000 after acquiring an additional 408,687 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Bloom Energy by 106.0% during the 1st quarter. Renaissance Technologies LLC now owns 535,900 shares of the company’s stock valued at $72,609,000 after acquiring an additional 275,700 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

Analyst Ratings Changes

BE has been the topic of several research reports. TD Cowen raised shares of Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird increased their target price on shares of Bloom Energy from $310.00 to $351.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $335.00 price target on shares of Bloom Energy in a research note on Friday, October 23rd. Finally, BTIG Research cut their price objective on Bloom Energy from $295.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $263.05.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Soderberg sold 2,870 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total transaction of $775,100.90. Following the completion of the transaction, the insider owned 126,500 shares in the company, valued at approximately $34,163,855. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $277.17, for a total value of $2,338,483.29. Following the completion of the transaction, the insider directly owned 147,092 shares in the company, valued at $40,769,489.64. This trade represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 85,859 shares of company stock worth $20,994,650. 3.00% of the stock is currently owned by company insiders.

Bloom Energy Stock Up 3.5%

Shares of BE stock traded up $5.83 during trading hours on Friday, reaching $173.35. 23,195,131 shares of the stock were exchanged, compared to its average volume of 15,504,418. The business’s fifty day moving average is $246.00 and its two-hundred day moving average is $220.98. The firm has a market capitalization of $51.25 billion, a P/E ratio of 106.35, a P/E/G ratio of 1.98 and a beta of 3.63. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 138.1% on a year-over-year basis. As a group, research analysts expect that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.