Profund Advisors LLC Makes New Investment in Bloom Energy Corporation $BE

Profund Advisors LLC bought a new position in Bloom Energy Corporation (NYSE:BE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,970 shares of the company’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new position in Bloom Energy during the 3rd quarter worth approximately $32,000. Parkside Financial Bank & Trust grew its stake in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Bloom Energy during the third quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Bloom Energy during the third quarter worth $42,000. Finally, ORG Partners LLC acquired a new position in shares of Bloom Energy during the third quarter worth $49,000. 77.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BE. Truist Financial set a $68.00 price objective on Bloom Energy in a report on Friday, January 9th. BMO Capital Markets increased their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Morgan Stanley boosted their price target on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. HSBC upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, October 29th. Finally, Daiwa Securities Group set a $98.00 target price on shares of Bloom Energy in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $132.61.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the sale, the insider directly owned 229,449 shares in the company, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 1,583 shares of Bloom Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the transaction, the insider directly owned 221,633 shares of the company’s stock, valued at approximately $23,486,449.01. This trade represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,278 shares of company stock valued at $488,001. 3.60% of the stock is currently owned by insiders.

Bloom Energy Stock Up 0.5%

Bloom Energy stock opened at $139.70 on Friday. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of -367.63, a PEG ratio of 5.75 and a beta of 3.07. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $176.49. The company has a debt-to-equity ratio of 3.54, a quick ratio of 2.88 and a current ratio of 5.98. The firm has a 50 day moving average price of $122.35 and a two-hundred day moving average price of $96.45.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Bloom Energy Company Profile

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.