Assenagon Asset Management S.A. Purchases Shares of 6,141 Bloom Energy Corporation $BE

Assenagon Asset Management S.A. purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,141 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds have also made changes to their positions in the business. Nordea Investment Management AB acquired a new position in Bloom Energy in the fourth quarter valued at $1,829,000. Parisi Gray Wealth Management acquired a new stake in Bloom Energy in the 4th quarter worth about $340,000. Bay Rivers Group purchased a new stake in Bloom Energy in the 4th quarter valued at about $678,000. Park Avenue Securities LLC purchased a new stake in Bloom Energy in the 4th quarter valued at about $4,327,000. Finally, MRP Capital Investments LLC acquired a new position in shares of Bloom Energy during the 3rd quarter valued at about $393,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kr Sridhar sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 370,092 shares of company stock worth $61,365,925. 3.60% of the stock is owned by company insiders.

Bloom Energy Stock Down 2.2%

Shares of NYSE:BE opened at $132.48 on Thursday. The stock has a 50-day simple moving average of $150.98 and a 200-day simple moving average of $120.89. The stock has a market capitalization of $37.17 billion, a P/E ratio of -348.64, a PEG ratio of 5.53 and a beta of 3.11. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $180.90. 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 posted 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. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BE. Morgan Stanley increased their price objective on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. UBS Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Jefferies Financial Group cut their price target on shares of Bloom Energy to $97.00 and set an “underperform” rating on the stock in a research note on Friday, March 27th. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a report on Tuesday, January 27th. Finally, Truist Financial set a $68.00 price objective on shares of Bloom Energy in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $131.65.

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.