Florida Financial Advisors LLC Buys 3,608 Shares of Bloom Energy Corporation $BE

Florida Financial Advisors LLC raised its position in shares of Bloom Energy Corporation (NYSE:BE) by 27.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,744 shares of the company’s stock after purchasing an additional 3,608 shares during the quarter. Florida Financial Advisors LLC’s holdings in Bloom Energy were worth $2,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Bloom Energy by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after purchasing an additional 269,662 shares during the last quarter. Brooklands Fund Management Ltd bought a new position in Bloom Energy during the fourth quarter worth $347,560,000. Amundi lifted its holdings in Bloom Energy by 390.7% in the fourth quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after buying an additional 2,511,426 shares during the period. Norges Bank acquired a new position in Bloom Energy in the fourth quarter valued at $239,683,000. Finally, Jennison Associates LLC boosted its position in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Down 8.0%

Shares of NYSE:BE opened at $197.80 on Tuesday. 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 Corporation has a 52-week low of $24.39 and a 52-week high of $351.28. The business’s 50 day simple moving average is $276.65 and its two-hundred day simple moving average is $203.99. The firm has a market cap of $56.26 billion, a P/E ratio of -3,955.21 and a beta of 3.73.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 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 firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, research analysts forecast that Bloom Energy Corporation will post 1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on BE shares. UBS Group increased their price target on Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Robert W. Baird reissued an “outperform” rating and issued a $310.00 price objective on shares of Bloom Energy in a research note on Thursday, July 9th. Mizuho set a $285.00 target price on Bloom Energy in a research report on Friday, May 1st. Sanford C. Bernstein began coverage on Bloom Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 target price for the company. Finally, Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $250.41.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares in the company, valued at $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Maciej Kurzymski sold 2,259 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total transaction of $651,992.58. Following the sale, the chief accounting officer directly owned 79,686 shares of the company’s stock, valued at approximately $22,998,973.32. The trade was a 2.76% decrease in their ownership of the stock. 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 have sold a total of 153,617 shares of company stock worth $44,003,909 in the last quarter. Insiders own 3.00% of the company’s stock.

Bloom Energy Company 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.