Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $651,000 in Bloom Energy Corporation $BE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,699 shares of the company’s stock, valued at approximately $651,000.

Other institutional investors and 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 shares of Bloom Energy in the 3rd quarter worth $32,000. Fifth Third Bancorp bought a new position in shares of Bloom Energy during the 3rd quarter valued at about $32,000. Parkside Financial Bank & Trust boosted its position in shares of Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Bloom Energy in the 2nd quarter worth approximately $36,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Bank of America set a $39.00 target price on Bloom Energy in a research report on Tuesday, November 25th. TD Cowen lifted their price target on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. 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, HSBC upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, October 29th. Two 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. According to MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average price target of $130.50.

Bloom Energy Stock Performance

BE stock opened at $160.14 on Tuesday. The firm has a 50 day simple moving average of $128.20 and a 200 day simple moving average of $102.12. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $176.49. The stock has a market cap of $44.93 billion, a P/E ratio of -421.43, a P/E/G ratio of 6.10 and a beta of 3.07. 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 (NYSE:BE) last released its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) 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 the consensus estimate of $647.59 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’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. Research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the transaction, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Satish Chitoori sold 1,521 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total value of $211,981.77. Following the sale, the insider directly owned 230,017 shares of the company’s stock, valued at $32,057,469.29. This trade represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,294 shares of company stock worth $1,520,974. 3.50% of the stock is owned by company insiders.

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.