Newbridge Financial Services Group Inc. Sells 11,128 Shares of Bloom Energy Corporation $BE

Newbridge Financial Services Group Inc. lowered its position in shares of Bloom Energy Corporation (NYSE:BE) by 80.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,631 shares of the company’s stock after selling 11,128 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Bloom Energy were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy during the third quarter worth about $32,000. Fifth Third Bancorp bought a new stake in Bloom Energy during the third quarter worth about $32,000. Parkside Financial Bank & Trust lifted its stake in Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after purchasing an additional 281 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Cranbrook Wealth Management LLC bought a new stake in Bloom Energy during the third quarter worth about $39,000. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 18,964 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.45, for a total value of $2,928,989.80. Following the completion of the sale, the insider directly owned 232,365 shares of the company’s stock, valued at approximately $35,888,774.25. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 29,807 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $153.78, for a total transaction of $4,583,720.46. Following the completion of the sale, the insider directly owned 224,216 shares of the company’s stock, valued at approximately $34,479,936.48. This represents a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 380,092 shares of company stock valued at $62,724,725 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Performance

Bloom Energy stock opened at $135.72 on Wednesday. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The firm has a 50-day moving average of $150.17 and a 200-day moving average of $122.83. The firm has a market cap of $38.08 billion, a P/E ratio of -357.17, a P/E/G ratio of 5.54 and a beta of 3.18. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $180.90.

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

Analyst Upgrades and Downgrades

BE has been the topic of a number of recent research reports. Royal Bank Of Canada set a $143.00 price objective on Bloom Energy in a research note on Tuesday, January 20th. Mizuho increased their target price on Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. BTIG Research increased their target price on Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, China Renaissance started coverage on Bloom Energy in a report on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $131.65.

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.