Exchange Traded Concepts LLC Buys Shares of 12,972 Bloom Energy Corporation $BE

Exchange Traded Concepts LLC purchased a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the fourth quarter, Holdings Channel.com reports. The fund purchased 12,972 shares of the company’s stock, valued at approximately $1,127,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in Bloom Energy in the 4th quarter valued at about $261,000. CoreCap Advisors LLC boosted its position in Bloom Energy by 7.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after purchasing an additional 88 shares during the period. Defender Capital LLC. bought a new position in Bloom Energy during the fourth quarter worth about $476,000. Viking Fund Management LLC purchased a new position in shares of Bloom Energy in the fourth quarter worth about $1,043,000. Finally, DAVENPORT & Co LLC raised its position in shares of Bloom Energy by 5.4% in the fourth quarter. DAVENPORT & Co LLC now owns 2,559 shares of the company’s stock valued at $222,000 after purchasing an additional 131 shares during the period. Institutional investors own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BE shares. Roth Mkm upped their price target on shares of Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Citigroup began coverage on Bloom Energy in a research report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 target price on the stock. BMO Capital Markets raised their price target on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Robert W. Baird set a $172.00 price target on Bloom Energy in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and an average target price of $131.65.

Bloom Energy Stock Performance

Bloom Energy stock opened at $135.40 on Friday. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year 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 firm has a market capitalization of $37.99 billion, a PE ratio of -356.31, a price-to-earnings-growth ratio of 5.41 and a beta of 3.18. The firm’s 50 day simple moving average is $150.78 and its 200 day simple moving average is $120.99.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million during 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%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 10,000 shares of Bloom Energy stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the completion of the sale, the insider owned 180,521 shares in the company, valued at approximately $24,529,193.48. This trade represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $151.85, for a total value of $1,184,430.00. Following the transaction, the insider directly owned 84,294 shares of the company’s stock, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 380,092 shares of company stock valued at $62,724,725 in the last ninety days. 3.60% of the stock is currently owned by corporate 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.