Parisi Gray Wealth Management Invests $340,000 in Bloom Energy Corporation $BE

Parisi Gray Wealth Management purchased a new stake in Bloom Energy Corporation (NYSE:BEFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,908 shares of the company’s stock, valued at approximately $340,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BE. Graticule Asia Macro Advisors LLC purchased a new position in Bloom Energy in the third quarter valued at about $402,494,000. Trivest Advisors Ltd increased its position in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after buying an additional 3,201,000 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the 2nd quarter valued at about $57,821,000. Westfield Capital Management Co. LP purchased a new position in Bloom Energy during the 3rd quarter valued at about $141,679,000. Finally, Man Group plc raised its position in Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

Insider Buying and Selling at Bloom Energy

In related news, CEO Kr Sridhar sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total value of $34,000,000.00. Following the sale, the chief executive officer directly owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 29,807 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were 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 owned 224,216 shares of the company’s stock, valued at approximately $34,479,936.48. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 370,092 shares of company stock worth $61,365,925. 3.60% of the stock is currently owned by insiders.

Bloom Energy Price Performance

BE stock opened at $149.65 on Friday. The stock has a market capitalization of $41.98 billion, a price-to-earnings ratio of -393.82, a price-to-earnings-growth ratio of 6.13 and a beta of 3.11. 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 Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The stock’s fifty day simple moving average is $152.13 and its 200-day simple moving average is $116.55.

Bloom Energy (NYSE:BEGet Free Report) last released its 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 during the quarter, compared to analyst estimates of $647.59 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly 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. Equities research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BE shares. Mizuho increased their price target on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. TD Cowen upped their target price on Bloom Energy to $160.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Citigroup started coverage on Bloom Energy in a research report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 price target for the company. China Renaissance assumed coverage on Bloom Energy in a research report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective on the stock. Finally, Roth Mkm boosted their target price on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $131.87.

View Our Latest Stock Analysis on BE

Bloom Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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