BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Bloom Energy Corporation $BE

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Bloom Energy Corporation (NYSE:BE) by 91.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,417 shares of the company’s stock after selling 55,454 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Bloom Energy were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Diversified Trust Co grew its holdings in shares of Bloom Energy by 260.5% in the first quarter. Diversified Trust Co now owns 17,468 shares of the company’s stock worth $2,367,000 after purchasing an additional 12,623 shares during the last quarter. World Investment Advisors bought a new stake in Bloom Energy during the 4th quarter valued at $1,112,000. Corient Private Wealth LLC boosted its position in Bloom Energy by 57.4% during the 4th quarter. Corient Private Wealth LLC now owns 35,947 shares of the company’s stock valued at $3,123,000 after buying an additional 13,113 shares during the period. Hsbc Holdings PLC boosted its position in Bloom Energy by 31.6% during the 4th quarter. Hsbc Holdings PLC now owns 342,223 shares of the company’s stock valued at $29,697,000 after buying an additional 82,089 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Bloom Energy in the 4th quarter worth $3,665,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Price Performance

Shares of NYSE BE opened at $308.37 on Friday. Bloom Energy Corporation has a 1 year low of $21.50 and a 1 year high of $351.28. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The company’s 50-day moving average is $273.94 and its 200 day moving average is $184.71. The stock has a market capitalization of $87.71 billion, a P/E ratio of -6,166.13 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. During the same period last year, the business posted $0.03 earnings per share. Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BE shares. BTIG Research boosted their price objective on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen raised their target price on Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price target on Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group raised Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target for the company in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.36.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider directly owned 341,731 shares in the company, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Aman Joshi sold 10,000 shares of the company’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 completion of the sale, the insider directly 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 230,274 shares of company stock worth $58,696,472 over the last quarter. Company insiders own 3.00% of the company’s stock.

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.