Global Assets Advisory LLC Invests $264,000 in Bloom Energy Corporation $BE

Global Assets Advisory LLC acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,035 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC raised its holdings in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Orion Capital Management LLC increased its stake in Bloom Energy by 0.7% in the fourth quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after purchasing an additional 83 shares during the last quarter. Ritholtz Wealth Management lifted its position in Bloom Energy by 1.5% during the fourth quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after buying an additional 87 shares during the period. CoreCap Advisors LLC lifted 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 buying an additional 88 shares during the period. Finally, Reliant Investment Management LLC boosted its stake in Bloom Energy by 3.6% in the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock worth $222,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BE shares. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. TD Cowen increased their price target on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group upgraded shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target on the stock in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Stock Down 0.0%

Shares of NYSE:BE opened at $302.42 on Wednesday. The stock has a 50-day simple moving average of $212.84 and a 200-day simple moving average of $157.16. The stock has a market capitalization of $86.02 billion, a P/E ratio of -6,047.19 and a beta of 3.82. Bloom Energy Corporation has a 1 year low of $18.12 and a 1 year high of $322.83. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. Bloom Energy’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the transaction, the insider owned 212,365 shares in the company, valued at approximately $43,371,303.95. The trade was a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the sale, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This represents a 9.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 270,027 shares of company stock worth $55,319,814. 3.00% of the stock is currently owned by insiders.

About Bloom Energy

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.