DNB Asset Management AS Sells 117,157 Shares of Bloom Energy Corporation $BE

DNB Asset Management AS lowered its stake in shares of Bloom Energy Corporation (NYSE:BE) by 90.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,696 shares of the company’s stock after selling 117,157 shares during the quarter. DNB Asset Management AS’s holdings in Bloom Energy were worth $989,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. CWM LLC boosted its stake in Bloom Energy by 3.3% during the third quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after buying an additional 162 shares during the period. Seelaus Asset Management LLC boosted its stake in shares of Bloom Energy by 2.4% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after purchasing an additional 270 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 worth $33,000 after purchasing an additional 281 shares during the period. Rothschild Investment LLC grew its holdings in Bloom Energy by 74.4% during the 3rd quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock valued at $58,000 after purchasing an additional 290 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in Bloom Energy by 0.3% in the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after purchasing an additional 313 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

Shares of BE stock opened at $152.83 on Wednesday. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. 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 stock has a fifty day simple moving average of $137.52 and a two-hundred day simple moving average of $107.28. The stock has a market capitalization of $42.88 billion, a price-to-earnings ratio of -402.18, a P/E/G ratio of 6.78 and a beta of 3.11.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results 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 firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’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. On average, analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BE shares. Morgan Stanley boosted their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Daiwa Securities Group set a $98.00 price objective on Bloom Energy in a report on Tuesday, December 2nd. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Evercore reiterated an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Finally, China Renaissance started coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.87.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 25,244 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $177.93, for a total value of $4,491,664.92. Following the completion of the sale, the insider owned 227,048 shares of the company’s stock, valued at approximately $40,398,650.64. This represents a 10.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 268,788 shares of company stock worth $45,575,889. 3.50% of the stock is currently 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.