Fox Run Management L.L.C. Takes $332,000 Position in Bloom Energy Corporation $BE

Fox Run Management L.L.C. purchased a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,924 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in shares of Bloom Energy in the first quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new stake in Bloom Energy in the 1st quarter valued at approximately $1,820,000. NewEdge Advisors LLC increased its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $180.00, for a total value of $3,600,000.00. Following the sale, the insider directly owned 376,731 shares of the company’s stock, valued at approximately $67,811,580. This represents a 5.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kr Sridhar sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at $372,277,730. This trade represents a 8.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 268,788 shares of company stock valued at $45,575,889. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird set a $172.00 price objective on Bloom Energy in a report on Tuesday, January 27th. Bank of America set a $39.00 price target on shares of Bloom Energy in a research note on Tuesday, November 25th. Evercore reiterated an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. Roth Mkm upped their target price on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Truist Financial set a $68.00 target price on shares of Bloom Energy in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Performance

BE opened at $166.07 on Tuesday. The business’s 50-day simple moving average is $136.29 and its 200 day simple moving average is $106.53. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The firm has a market capitalization of $46.59 billion, a PE ratio of -437.03, a PEG ratio of 6.35 and a beta of 3.11.

Bloom Energy (NYSE:BE) last posted 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. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal 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.