Van ECK Associates Corp Sells 150,840 Shares of Bloom Energy Corporation $BE

Van ECK Associates Corp lowered its stake in Bloom Energy Corporation (NYSE:BE) by 38.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 236,681 shares of the company’s stock after selling 150,840 shares during the quarter. Van ECK Associates Corp owned about 0.10% of Bloom Energy worth $20,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy in the third quarter valued at about $32,000. Fifth Third Bancorp acquired a new position in shares of Bloom Energy during the 3rd quarter worth about $32,000. Parkside Financial Bank & Trust increased its stake in shares of Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $36,000. Finally, NewEdge Advisors LLC raised its position in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Bloom Energy to $130.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. TD Cowen boosted their price target on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a report on Friday, February 6th. Mizuho upped their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a research note on Tuesday, January 27th. Finally, Roth Mkm boosted their target price on Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.87.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 25,244 shares of Bloom Energy stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total value of $4,491,664.92. Following the sale, the insider owned 227,048 shares of the company’s stock, valued at approximately $40,398,650.64. This trade represents a 10.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kr Sridhar sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total value of $34,000,000.00. Following the transaction, the chief executive officer directly owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. This trade represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 268,788 shares of company stock valued at $45,575,889 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Down 0.4%

Shares of BE stock traded down $0.68 during trading hours on Friday, hitting $156.49. 2,127,770 shares of the company were exchanged, compared to its average volume of 11,760,435. The business has a 50 day moving average of $146.69 and a two-hundred day moving average of $111.72. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. 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 $43.90 billion, a PE ratio of -411.96, a PEG ratio of 6.50 and a beta of 3.11.

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