4,000,000 Shares in Bloom Energy Corporation $BE Acquired by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,000,000 shares of the company’s stock, valued at approximately $347,560,000. Bloom Energy comprises about 45.4% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its largest holding.

Several other hedge funds have also added to or reduced their stakes in BE. WPG Advisers LLC lifted its holdings in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Bloom Energy during the 4th quarter worth approximately $28,000. Fifth Third Bancorp acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. Finally, McMillan Office Inc. acquired a new stake in Bloom Energy during the 4th quarter worth approximately $37,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Robert W. Baird lifted their price target on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. BTIG Research lifted their price target on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.48.

Insider Buying and Selling at Bloom Energy

In related news, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the sale, the chief accounting officer owned 81,945 shares in the company, valued at $24,039,385.20. The trade was a 7.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 4,813 shares of Bloom Energy stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $288.20, for a total value of $1,387,106.60. Following the transaction, the insider directly owned 175,708 shares in the company, valued at $50,639,045.60. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 234,188 shares of company stock worth $57,693,971 over the last three months. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Trading Up 5.5%

Shares of BE stock opened at $274.49 on Tuesday. The firm has a market capitalization of $78.08 billion, a P/E ratio of -5,488.72 and a beta of 3.74. Bloom Energy Corporation has a twelve month low of $20.93 and a twelve month high of $322.83. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The stock’s fifty day simple moving average is $248.99 and its 200 day simple moving average is $172.99.

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

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.