Thrivent Financial for Lutherans Purchases Shares of 6,619 Bloom Energy Corporation $BE

Thrivent Financial for Lutherans purchased a new position in Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,619 shares of the company’s stock, valued at approximately $560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Bloom Energy during the second quarter worth about $57,821,000. Man Group plc raised its holdings in shares of Bloom Energy by 177.4% in the 2nd 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 in the last quarter. Elemental Capital Partners LLC bought a new stake in shares of Bloom Energy during the 3rd quarter valued at about $101,720,000. Goldman Sachs Group Inc. grew its holdings in shares of Bloom Energy by 50.3% during the first 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. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Bloom Energy during the second quarter worth about $18,808,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Evercore restated an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. Susquehanna lifted their price objective on shares of Bloom Energy to $157.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. BMO Capital Markets increased their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group set a $102.00 price target on Bloom Energy in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $130.50.

Insiders Place Their Bets

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

Bloom Energy Trading Up 3.7%

Shares of BE stock opened at $144.91 on Wednesday. The business has a 50-day moving average of $123.63 and a 200 day moving average of $98.78. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $176.49. The stock has a market capitalization of $40.65 billion, a PE ratio of -381.34, a P/E/G ratio of 5.78 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share 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 the consensus estimate of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. 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 earnings per share for the current year.

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.