Cibc World Market Inc. Invests $592,000 in Bloom Energy Corporation $BE

Cibc World Market Inc. purchased a new stake in Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,000 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors have also added to or reduced their stakes in BE. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its stake in shares of Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Bloom Energy during the 2nd quarter valued at $36,000. NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Cranbrook Wealth Management LLC bought a new stake in Bloom Energy during the 3rd quarter worth $39,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction that occurred 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 sale, the insider directly 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 can be accessed through this hyperlink. Also, 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 transaction, the insider owned 229,449 shares in the company, valued at $20,219,045.88. The trade was a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Stock Up 8.1%

Shares of NYSE BE opened at $157.16 on Thursday. The company’s 50 day moving average price is $124.74 and its 200-day moving average price is $99.19. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $176.49. The company has a market capitalization of $44.09 billion, a P/E ratio of -413.57, a price-to-earnings-growth ratio of 6.01 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced 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. The business 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%. Bloom Energy’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. China Renaissance started coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 target price for the company. Susquehanna raised their price objective on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Bank of America set a $39.00 target price on shares of Bloom Energy in a research report on Tuesday, November 25th. Daiwa Securities Group set a $98.00 price target on shares of Bloom Energy in a research report on Tuesday, December 2nd. Finally, BTIG Research boosted their price objective on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy currently has an average rating of “Hold” and an average price target of $130.50.

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.