Bloom Energy Corporation $BE Shares Sold by L & S Advisors Inc

L & S Advisors Inc decreased its holdings in Bloom Energy Corporation (NYSE:BE) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,539 shares of the company’s stock after selling 27,500 shares during the quarter. L & S Advisors Inc’s holdings in Bloom Energy were worth $6,811,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $402,494,000. Norges Bank acquired a new position in Bloom Energy during the second quarter worth $57,821,000. Man Group plc boosted its position in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after purchasing an additional 1,530,167 shares in the last quarter. Vanguard Group Inc. grew its holdings in Bloom Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after purchasing an additional 1,240,819 shares during the last quarter. Finally, Elemental Capital Partners LLC purchased a new position in shares of Bloom Energy in the third quarter valued at $101,720,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BE shares. Bank of America set a $39.00 price objective on shares of Bloom Energy in a research note on Tuesday, November 25th. Susquehanna increased their price target on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a research report on Tuesday, January 27th. TD Cowen increased their target price on Bloom Energy to $160.00 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy presently has an average rating of “Hold” and a consensus target price of $130.50.

Insider Activity

In related news, insider Satish Chitoori sold 431 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This represents a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the transaction, the insider directly owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Stock Performance

Shares of NYSE:BE opened at $157.16 on Thursday. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $176.49. The business has a 50-day moving average of $124.74 and a two-hundred day moving average of $99.19. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The firm has a market capitalization of $44.09 billion, a PE ratio of -413.57, a P/E/G ratio of 6.01 and a beta of 3.07.

Bloom Energy (NYSE:BE) last released 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. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period last year, the company posted $0.43 earnings per share. The firm’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. As a group, research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current 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.