Oppenheimer & Co. Inc. Sells 20,631 Shares of Bloom Energy Corporation $BE

Oppenheimer & Co. Inc. lowered its stake in Bloom Energy Corporation (NYSE:BE) by 53.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,124 shares of the company’s stock after selling 20,631 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Bloom Energy were worth $1,533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Bloom Energy by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after acquiring an additional 95,990 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Bloom Energy by 50.3% in the 1st 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 in the last quarter. Norges Bank purchased a new stake in Bloom Energy during the 2nd quarter valued at about $57,821,000. Man Group plc increased its stake in Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after purchasing an additional 1,530,167 shares in the last quarter. Finally, Elemental Capital Partners LLC purchased a new position in Bloom Energy in the third quarter worth about $101,720,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the transaction, the insider owned 229,449 shares in the company, valued at $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 available through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,583 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $105.97, for a total transaction of $167,750.51. Following the sale, the insider directly owned 221,633 shares of the company’s stock, valued at approximately $23,486,449.01. The trade was a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,278 shares of company stock valued at $488,001. 3.60% of the stock is owned by insiders.

Bloom Energy Stock Performance

Shares of BE opened at $139.70 on Friday. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $176.49. The business has a fifty day moving average of $122.35 and a 200 day moving average of $96.88. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88. The firm has a market capitalization of $33.04 billion, a P/E ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analysts Set New Price Targets

BE has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Susquehanna increased their target price on Bloom Energy to $157.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Evercore restated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a research note on Friday, February 6th. Morgan Stanley upped their price target on Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Bank of America set a $39.00 price objective on Bloom Energy in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Bloom Energy has an average rating of “Hold” and a consensus target price of $132.61.

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.