Candriam S.C.A. Buys 9,193 Shares of Bloom Energy Corporation $BE

Candriam S.C.A. grew its stake in shares of Bloom Energy Corporation (NYSE:BE) by 27.0% during the third quarter, Holdings Channel reports. The firm owned 43,287 shares of the company’s stock after purchasing an additional 9,193 shares during the period. Candriam S.C.A.’s holdings in Bloom Energy were worth $12,033,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. J. Derek Lewis & Associates Inc. raised its stake in Bloom Energy by 152.0% during the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 2,457 shares of the company’s stock worth $681,000 after acquiring an additional 1,482 shares in the last quarter. Ethic Inc. boosted its stake in Bloom Energy by 108.2% in the third quarter. Ethic Inc. now owns 11,951 shares of the company’s stock valued at $3,310,000 after acquiring an additional 6,211 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Bloom Energy by 21.0% during the third quarter. Pictet Asset Management Holding SA now owns 169,607 shares of the company’s stock worth $46,978,000 after purchasing an additional 29,410 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Bloom Energy by 23.1% during the third quarter. Alps Advisors Inc. now owns 12,046 shares of the company’s stock worth $3,337,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Providence First Trust Co purchased a new position in shares of Bloom Energy during the third quarter worth about $297,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

NYSE BE opened at $193.97 on Tuesday. The firm has a market cap of $57.35 billion, a P/E ratio of 119.00, a P/E/G ratio of 2.02 and a beta of 3.63. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The business’s 50-day moving average price is $245.69 and its 200 day moving average price is $221.20. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $0.15 EPS. The firm’s revenue was up 138.1% compared to the same quarter last year. On average, equities research analysts expect that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom’s data-center opportunity gained attention after reports highlighted about 1.6 gigawatts of fuel-cell projects, including a 900-megawatt agreement with NTT DATA and its role in Google’s planned Wyoming project. The deals reinforce demand for on-site power as data centers face grid constraints. Why Bloom Energy Stock Popped Today
• Positive Sentiment: Recent operating results provide further support: third-quarter revenue rose 138%, and Bloom raised its full-year guidance again. Is Bloom Energy Really Worth $200 Right Now? Here’s the Math.
• Neutral Sentiment: Some investors see clean, on-site fuel cells as a way for data centers to secure power while limiting pressure on the grid. That demand thesis could benefit Bloom, but its scale depends on projects moving forward and customers continuing to invest. Bloom Energy Blooming With Huge Electricity Demand
• Negative Sentiment: Valuation is a key concern: at roughly $200 a share, the stock was described as trading at more than 60 times the midpoint of projected 2026 adjusted EPS, leaving little room for execution disappointments. Is Bloom Energy Really Worth $200 Right Now? Here’s the Math.
• Negative Sentiment: Quiver’s six-month data showed 24 open-market insider sales and no purchases, a potential cautionary signal, though it does not establish the reason for those transactions. Bloom Energy rises as investors refocus on major data-center power deals

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BE. Wells Fargo & Company boosted their target price on Bloom Energy from $176.00 to $182.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a research note on Friday, October 23rd. Robert W. Baird lifted their price target on Bloom Energy from $310.00 to $351.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. TD Cowen upgraded Bloom Energy to a “hold” rating in a research note on Monday, October 5th. Finally, Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $263.05.

Insider Buying and Selling at Bloom Energy

In other news, Director Barbara Burger sold 2,333 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $215.05, for a total transaction of $501,711.65. Following the completion of the sale, the director owned 36,607 shares in the company, valued at $7,872,335.35. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Soderberg sold 2,870 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total value of $775,100.90. Following the sale, the insider directly owned 126,500 shares of the company’s stock, valued at approximately $34,163,855. This represents a 2.22% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 85,859 shares of company stock valued at $20,994,650. Corporate insiders own 3.00% of the company’s stock.

Bloom Energy 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.