Udine Wealth Management Inc. Trims Stock Holdings in Bloom Energy Corporation $BE

Udine Wealth Management Inc. lowered its stake in Bloom Energy Corporation (NYSE:BE) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,426 shares of the company’s stock after selling 25,541 shares during the quarter. Bloom Energy comprises about 1.5% of Udine Wealth Management Inc.’s portfolio, making the stock its 17th biggest holding. Udine Wealth Management Inc.’s holdings in Bloom Energy were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Meridian Wealth Management LLC acquired a new stake in Bloom Energy in the 3rd quarter valued at approximately $553,000. Creekmur Asset Management LLC acquired a new position in Bloom Energy during the third quarter worth $1,825,000. Straight Path Wealth Management acquired a new position in Bloom Energy during the third quarter worth $1,099,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Bloom Energy during the third quarter worth $1,985,000. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at $766,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Trading Up 2.2%

Shares of Bloom Energy stock opened at $135.40 on Friday. 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 $37.99 billion, a P/E ratio of -356.31, a PEG ratio of 5.41 and a beta of 3.18. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $180.90. The company’s fifty day moving average is $150.78 and its two-hundred day moving average is $120.99.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating 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 analysts’ expectations of $647.59 million. During the same period in the prior year, the company earned $0.43 earnings per share. The business’s 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 forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 18,964 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.45, for a total value of $2,928,989.80. Following the sale, the insider owned 232,365 shares in the company, valued at $35,888,774.25. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the sale, the insider owned 180,521 shares in the company, valued at approximately $24,529,193.48. The trade was a 5.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 380,092 shares of company stock worth $62,724,725 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

BE has been the topic of several research reports. Evercore reissued an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. TD Cowen upped their price target on Bloom Energy to $160.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada set a $143.00 target price on Bloom Energy in a research note on Tuesday, January 20th. Roth Mkm raised their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.65.

About Bloom Energy

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.