GM Advisory Group LLC Buys Shares of 2,197 Bloom Energy Corporation $BE

GM Advisory Group LLC acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the 1st quarter, Holdings Channel.com reports. The fund acquired 2,197 shares of the company’s stock, valued at approximately $298,000.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. increased its position in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. WPG Advisers LLC boosted its position in Bloom Energy by 26.4% in the fourth 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. grew its stake in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Godsey & Gibb Inc. grew its stake in shares of Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bloom Energy during the 4th quarter valued at about $28,000. 77.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bloom Energy

In related news, CAO Maciej Kurzymski sold 2,259 shares of Bloom Energy stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total value of $651,992.58. Following the completion of the sale, the chief accounting officer directly owned 79,686 shares in the company, valued at $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,837 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the sale, the insider owned 207,417 shares of the company’s stock, valued at approximately $59,966,328.87. This represents a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 228,617 shares of company stock worth $59,843,659 over the last quarter. Insiders own 3.00% of the company’s stock.

Bloom Energy Stock Performance

NYSE BE opened at $295.06 on Tuesday. The company has a market cap of $83.93 billion, a P/E ratio of -5,900.02 and a beta of 3.73. The business’s 50 day moving average price is $282.46 and its 200-day moving average price is $193.57. Bloom Energy Corporation has a fifty-two week low of $23.75 and a fifty-two week high of $351.28. 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 announced its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts predict that Bloom Energy Corporation will post 1.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BE. BMO Capital Markets reiterated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. TD Cowen upped their price objective on Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a report on Wednesday, June 10th. Finally, Wells Fargo & Company lifted their target price on Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $238.82.

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.