WT Asset Management Ltd Invests $25.50 Million in Bloom Energy Corporation $BE

WT Asset Management Ltd bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 301,500 shares of the company’s stock, valued at approximately $25,498,000. Bloom Energy accounts for about 1.2% of WT Asset Management Ltd’s holdings, making the stock its 20th largest position.

A number of other hedge funds have also modified their holdings of the business. Jupiter Asset Management Ltd. purchased a new stake in Bloom Energy during the 3rd quarter valued at about $6,965,000. Persistent Asset Partners Ltd acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $354,000. MRP Capital Investments LLC purchased a new position in Bloom Energy during the third quarter worth approximately $343,000. NewEdge Wealth LLC acquired a new position in Bloom Energy during the third quarter worth $317,000. Finally, CenterBook Partners LP purchased a new stake in Bloom Energy in the 3rd quarter valued at $4,707,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bloom Energy

In related news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the transaction, the insider owned 90,005 shares in the company, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 3,332 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $139.56, for a total transaction of $465,013.92. Following the sale, the insider owned 219,871 shares in the company, valued at approximately $30,685,196.76. This trade represents a 1.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,294 shares of company stock worth $1,520,974. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on BE shares. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Evercore reaffirmed an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Bank of America set a $39.00 target price on shares of Bloom Energy in a report on Tuesday, November 25th. Roth Mkm raised their price target on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Truist Financial set a $68.00 price target on shares of Bloom Energy in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $130.50.

Bloom Energy Trading Down 3.7%

NYSE:BE traded down $5.95 during trading hours on Friday, reaching $153.05. 1,294,481 shares of the stock were exchanged, compared to its average volume of 12,192,800. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $176.49. The business has a 50-day moving average of $125.74 and a two-hundred day moving average of $99.60. The company has a market capitalization of $42.94 billion, a price-to-earnings ratio of -404.82, a PEG ratio of 6.50 and a beta of 3.07. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

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

Bloom Energy Company 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.