Parisi Gray Wealth Management Invests $340,000 in Bloom Energy Corporation $BE

Parisi Gray Wealth Management acquired a new stake in Bloom Energy Corporation (NYSE:BEFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,908 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. Fifth Third Bancorp acquired a new stake in shares of Bloom Energy in the third quarter worth $32,000. Parkside Financial Bank & Trust raised its stake in shares of Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Bloom Energy during the 2nd quarter worth $36,000. Finally, NewEdge Advisors LLC raised its position in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy News Summary

Here are the key news stories impacting Bloom Energy this week:

Insider Transactions at Bloom Energy

In other news, Director Gary S. Pinkus sold 1,250 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $165.80, for a total value of $207,250.00. Following the completion of the sale, the director owned 4,149 shares of the company’s stock, valued at approximately $687,904.20. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maciej Kurzymski sold 7,800 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the completion of the sale, the insider owned 84,294 shares in the company, valued at approximately $12,800,043.90. This trade represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 370,092 shares of company stock valued at $61,365,925 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BE shares. Daiwa Securities Group set a $98.00 target price on Bloom Energy in a research note on Tuesday, December 2nd. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. TD Cowen increased their price objective on shares of Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. UBS Group reiterated a “buy” rating and set a $170.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. Finally, Citigroup assumed coverage on shares of Bloom Energy in a research report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $131.87.

View Our Latest Research Report on Bloom Energy

Bloom Energy Price Performance

BE stock opened at $149.65 on Friday. The stock’s 50 day moving average is $152.13 and its two-hundred day moving average is $116.55. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The company has a market capitalization of $41.98 billion, a PE ratio of -393.82, a P/E/G ratio of 6.13 and a beta of 3.11. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BEGet Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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 company had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

About Bloom Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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