Oppenheimer Asset Management Inc. Invests $382,000 in Bloom Energy Corporation $BE

Oppenheimer Asset Management Inc. purchased a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, Holdings Channel reports. The fund purchased 4,517 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy in the third quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its position in Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after buying an additional 281 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Bloom Energy during the 2nd quarter valued at $36,000. NewEdge Advisors LLC boosted its stake in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after buying an additional 1,626 shares during the period. Finally, Cranbrook Wealth Management LLC purchased a new position in shares of Bloom Energy during the 3rd quarter valued at $39,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider directly owned 229,449 shares in the company, valued at approximately $20,219,045.88. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.50% of the company’s stock.

Bloom Energy Stock Up 0.5%

Shares of BE stock opened at $139.70 on Tuesday. The stock’s 50 day simple moving average is $122.91 and its 200 day simple moving average is $98.02. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $176.49. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. 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.

Bloom Energy (NYSE:BE) last announced 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. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Ratings Changes

BE has been the subject of several recent research reports. Jefferies Financial Group set a $102.00 price objective on Bloom Energy in a report on Tuesday, February 10th. China Renaissance assumed coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price on the stock. Bank of America set a $39.00 price target on Bloom Energy in a research note on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price target on Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $132.61.

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.