Bloom Energy Corporation $BE Stake Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in Bloom Energy Corporation (NYSE:BE) by 38.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,216 shares of the company’s stock after buying an additional 4,802 shares during the period. PNC Financial Services Group Inc.’s holdings in Bloom Energy were worth $1,456,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BE. Geode Capital Management LLC lifted its stake in Bloom Energy by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after acquiring an additional 95,990 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bloom Energy by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the period. Norges Bank purchased a new stake in shares of Bloom Energy in the second quarter worth approximately $57,821,000. Man Group plc boosted its holdings in shares of Bloom Energy by 177.4% during the second quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after purchasing an additional 1,530,167 shares during the period. Finally, Elemental Capital Partners LLC purchased a new position in Bloom Energy during the third quarter valued at approximately $101,720,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Aman Joshi sold 3,746 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.81, for a total value of $523,728.26. Following the transaction, the insider directly owned 201,072 shares in the company, valued at approximately $28,111,876.32. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Satish Chitoori sold 1,521 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77. Following the transaction, the insider directly owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,294 shares of company stock worth $1,520,974. 3.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a research report on Tuesday, January 27th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. China Renaissance assumed coverage on Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Finally, Morgan Stanley raised their price target on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $130.50.

Bloom Energy Price Performance

NYSE BE opened at $160.14 on Tuesday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The stock’s 50-day moving average is $128.20 and its two-hundred day moving average is $102.12. The firm has a market cap of $44.93 billion, a P/E ratio of -421.43, a price-to-earnings-growth ratio of 6.10 and a beta of 3.07. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

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