23,471 Shares in Bloom Energy Corporation $BE Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,471 shares of the company’s stock, valued at approximately $1,985,000.

A number of other hedge funds also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Bloom Energy by 3.3% during the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after buying an additional 162 shares during the last quarter. Seelaus Asset Management LLC grew its position in Bloom Energy by 2.4% during the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock valued at $966,000 after acquiring an additional 270 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 acquiring an additional 281 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of Bloom Energy by 74.4% in the 3rd quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock valued at $58,000 after purchasing an additional 290 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Bloom Energy by 0.3% during the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Citigroup began coverage on shares of Bloom Energy in a report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 target price on the stock. Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. China Renaissance began coverage on Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective on the stock. Finally, Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $131.87.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the completion of the sale, the insider owned 210,465 shares in the company, valued at $36,957,654. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Marie Soderberg sold 25,244 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the completion of the transaction, the insider owned 227,048 shares in the company, valued at approximately $40,398,650.64. The trade was a 10.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 268,788 shares of company stock worth $45,575,889 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Price Performance

BE stock opened at $159.87 on Friday. The stock’s 50 day moving average is $140.35 and its two-hundred day moving average is $108.05. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The company has a market capitalization of $44.85 billion, a PE ratio of -420.71, a P/E/G ratio of 6.73 and a beta of 3.11. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping 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 business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s quarterly revenue 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. Analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal 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.