Intech Investment Management LLC Has $11.37 Million Stock Holdings in Bloom Energy Corporation $BE

Intech Investment Management LLC increased its position in shares of Bloom Energy Corporation (NYSE:BEFree Report) by 96.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,903 shares of the company’s stock after acquiring an additional 64,272 shares during the period. Intech Investment Management LLC’s holdings in Bloom Energy were worth $11,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BE. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $402,494,000. Trivest Advisors Ltd boosted its position in shares of Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after acquiring an additional 3,201,000 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $141,679,000. Man Group plc boosted its position in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after acquiring an additional 1,240,819 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy News Summary

Here are the key news stories impacting Bloom Energy this week:

Wall Street Analyst Weigh In

BE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. UBS Group raised their target price on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Barclays raised their target price on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Citigroup restated a “neutral” rating on shares of Bloom Energy in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.48.

Read Our Latest Stock Analysis on Bloom Energy

Insider Buying and Selling at Bloom Energy

In other news, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at $43,371,303.95. The trade was a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,777 shares of company stock worth $55,112,564 over the last ninety days. Insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $284.48 on Friday. The company’s 50 day moving average price is $220.81 and its two-hundred day moving average price is $160.23. The firm has a market capitalization of $80.92 billion, a P/E ratio of -5,688.50 and a beta of 3.82. Bloom Energy Corporation has a fifty-two week low of $18.12 and a fifty-two week high of $322.83. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue for the quarter was up 130.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Bloom Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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