Bloom Energy Corporation $BE Shares Sold by Family CFO Inc

Family CFO Inc lessened its stake in Bloom Energy Corporation (NYSE:BE) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,353 shares of the company’s stock after selling 6,510 shares during the period. Bloom Energy accounts for 4.7% of Family CFO Inc’s portfolio, making the stock its 7th largest holding. Family CFO Inc’s holdings in Bloom Energy were worth $10,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of BE. Bayforest Capital Ltd bought a new position in Bloom Energy in the 1st quarter valued at $2,055,000. AQR Capital Management LLC bought a new stake in shares of Bloom Energy during the first quarter worth $1,820,000. NewEdge Advisors LLC lifted its stake in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after acquiring an additional 836,810 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock valued at $394,000 after acquiring an additional 4,716 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

BE has been the topic of a number of research reports. Mizuho set a $285.00 target price on shares of Bloom Energy in a research report on Friday, May 1st. TD Cowen raised their price objective on shares of Bloom Energy to $235.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and set a $350.00 target price on shares of Bloom Energy in a report on Wednesday, July 1st. Sanford C. Bernstein began coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bloom Energy has an average rating of “Hold” and an average target price of $238.82.

Insiders Place Their Bets

In other Bloom Energy news, insider Aman Joshi sold 8,343 shares of Bloom Energy stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. The trade was a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the transaction, the insider directly owned 341,731 shares in the company, valued at approximately $95,342,949. The trade was a 9.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 228,617 shares of company stock worth $59,843,659 in the last three months. 3.00% of the stock is owned by corporate insiders.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $295.06 on Tuesday. The company has a market capitalization of $83.93 billion, a PE ratio of -5,900.02 and a beta of 3.73. Bloom Energy Corporation has a 12 month low of $23.75 and a 12 month high of $351.28. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock’s fifty day simple moving average is $282.46 and its 200 day simple moving average is $193.57.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $539.94 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, research analysts predict that Bloom Energy Corporation will post 1.34 EPS for the current year.

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.