Rhumbline Advisers Has $27.84 Million Holdings in Bloom Energy Corporation $BE

Rhumbline Advisers raised its position in Bloom Energy Corporation (NYSE:BE) by 3.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 329,162 shares of the company’s stock after purchasing an additional 9,680 shares during the period. Rhumbline Advisers owned 0.14% of Bloom Energy worth $27,837,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. First National Trust Co bought a new stake in shares of Bloom Energy in the 3rd quarter valued at $511,000. Navellier & Associates Inc. grew its holdings in Bloom Energy by 134.6% in the third quarter. Navellier & Associates Inc. now owns 111,511 shares of the company’s stock worth $9,430,000 after purchasing an additional 63,973 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Bloom Energy in the third quarter valued at $7,476,000. Profund Advisors LLC bought a new stake in Bloom Energy in the third quarter valued at $336,000. Finally, Wilson Asset Management International PTY Ltd. acquired a new position in shares of Bloom Energy during the third quarter valued at about $1,530,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BE. Susquehanna raised their price objective on Bloom Energy to $157.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Evercore ISI set a $179.00 price target on shares of Bloom Energy and gave the company an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Evercore restated an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. Finally, Jefferies Financial Group set a $102.00 price objective on shares of Bloom Energy in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $132.61.

Bloom Energy Price Performance

BE opened at $139.70 on Monday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The firm has a 50-day moving average of $122.35 and a 200 day moving average of $97.30. 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 firm has a market cap of $39.19 billion, a P/E ratio of -367.63, a PEG ratio of 5.78 and a beta of 3.07.

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

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the completion of the sale, the insider owned 229,449 shares of the company’s stock, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. This trade represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by corporate insiders.

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.