Synovus Financial Corp Sells 34,167 Shares of Bloom Energy Corporation $BE

Synovus Financial Corp decreased its position in Bloom Energy Corporation (NYSE:BE) by 36.5% during the third quarter, HoldingsChannel.com reports. The firm owned 59,470 shares of the company’s stock after selling 34,167 shares during the quarter. Synovus Financial Corp’s holdings in Bloom Energy were worth $5,029,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. NewEdge Wealth LLC purchased a new stake in shares of Bloom Energy during the third quarter valued at approximately $317,000. CenterBook Partners LP bought a new position in Bloom Energy in the 3rd quarter valued at approximately $4,707,000. Aspiring Ventures LLC purchased a new stake in Bloom Energy during the 3rd quarter valued at $423,000. Axxcess Wealth Management LLC purchased a new stake in Bloom Energy during the 3rd quarter valued at $259,000. Finally, Graticule Asia Macro Advisors LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth $402,494,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Bloom Energy news, insider Aman Joshi sold 3,746 shares of Bloom Energy stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $139.81, for a total transaction of $523,728.26. Following the transaction, the insider owned 201,072 shares of the company’s stock, valued at $28,111,876.32. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,294 shares of company stock worth $1,520,974 in the last quarter. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BE has been the topic of a number of research analyst reports. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Susquehanna upped their target price on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Evercore reissued an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. Finally, BMO Capital Markets increased their price objective on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $130.50.

Bloom Energy Stock Down 1.4%

Shares of BE stock opened at $156.82 on Friday. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $176.49. The stock has a market cap of $44.00 billion, a P/E ratio of -410.12, a P/E/G ratio of 6.50 and a beta of 3.07. The company has a 50 day simple moving average of $125.74 and a two-hundred day simple moving average of $99.60.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

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.