Park Avenue Securities LLC Acquires New Shares in Bloom Energy Corporation $BE

Park Avenue Securities LLC bought a new stake in Bloom Energy Corporation (NYSE:BEFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,804 shares of the company’s stock, valued at approximately $4,327,000.

Several other institutional investors have also recently bought and sold shares of BE. N.E.W. Advisory Services LLC bought a new position in shares of Bloom Energy in the third quarter worth about $32,000. Fifth Third Bancorp bought a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew its holdings 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 during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Bloom Energy during the 2nd quarter worth approximately $36,000. Finally, NewEdge Advisors LLC increased 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 purchasing an additional 1,626 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Key Bloom Energy News

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

Bloom Energy Stock Down 10.2%

NYSE:BE opened at $149.65 on Friday. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $180.90. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company has a market cap of $41.98 billion, a PE ratio of -393.82, a P/E/G ratio of 6.13 and a beta of 3.11. The firm’s 50 day simple moving average is $152.13 and its 200 day simple moving average is $116.55.

Bloom Energy (NYSE:BEGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BE shares. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a research report on Tuesday, January 27th. Citigroup began coverage on shares of Bloom Energy in a report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 price target for the company. Mizuho increased their price target on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. TD Cowen raised their price objective on Bloom Energy to $160.00 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, Roth Mkm boosted their price objective on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $131.87.

View Our Latest Stock Analysis on Bloom Energy

Insider Buying and Selling

In other Bloom Energy news, Director Gary S. Pinkus sold 1,250 shares of Bloom Energy stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.80, for a total transaction of $207,250.00. Following the transaction, the director directly owned 4,149 shares of the company’s stock, valued at approximately $687,904.20. The trade was a 23.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the sale, the insider owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 370,092 shares of company stock valued at $61,365,925 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Bloom Energy 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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