175,068 Shares in Bloom Energy Corporation $BE Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 175,068 shares of the company’s stock, valued at approximately $14,806,000. TimesSquare Capital Management LLC owned approximately 0.07% of Bloom Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BE. Norges Bank purchased a new stake in shares of Bloom Energy in the 2nd quarter valued at $57,821,000. Man Group plc increased its position in shares of Bloom Energy by 177.4% in the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after acquiring an additional 1,530,167 shares during the period. Elemental Capital Partners LLC bought a new stake in shares of Bloom Energy in the third quarter worth about $101,720,000. Goldman Sachs Group Inc. increased its holdings in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Bloom Energy during the 2nd quarter valued at approximately $18,808,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 approximately $20,219,045.88. This trade represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

Bloom Energy Price Performance

NYSE BE opened at $139.70 on Monday. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $176.49. The stock has a 50-day moving average of $122.35 and a 200 day moving average of $97.30.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BE. Evercore ISI set a $179.00 price target on Bloom Energy and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Truist Financial set a $68.00 price objective on shares of Bloom Energy in a report on Friday, January 9th. Finally, Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research report on Tuesday, January 20th. Two equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $132.61.

Bloom Energy 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.