Total Clarity Wealth Management Inc. reduced its stake in Bloom Energy Corporation (NYSE:BE – Free Report) by 46.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,004 shares of the company’s stock after selling 3,517 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Bloom Energy were worth $543,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in BE. Hantz Financial Services Inc. increased its holdings in Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. WPG Advisers LLC boosted its position in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Bloom Energy during the fourth quarter worth $28,000. AdvisorNet Financial Inc grew its stake in shares of Bloom Energy by 17,800.0% in the first quarter. AdvisorNet Financial Inc now owns 358 shares of the company’s stock valued at $49,000 after buying an additional 356 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Bloom Energy in the third quarter valued at $32,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Bloom Energy Stock Down 7.4%
Shares of NYSE BE opened at $320.40 on Wednesday. The stock has a market cap of $91.13 billion, a P/E ratio of -6,406.72 and a beta of 3.73. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. Bloom Energy Corporation has a 12-month low of $21.50 and a 12-month high of $349.99. The business’s fifty day simple moving average is $269.21 and its 200-day simple moving average is $181.93.
Insider Buying and Selling
In other news, CAO Maciej Kurzymski sold 2,259 shares of Bloom Energy stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total value of $651,992.58. Following the completion of the transaction, the chief accounting officer owned 79,686 shares in the company, valued at approximately $22,998,973.32. This trade represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the transaction, the director directly owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 230,274 shares of company stock worth $58,696,472 over the last ninety days. Company insiders own 3.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Bloom Energy to $242.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. TD Cowen lifted their target price on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price target on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised shares of Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price target on the stock in a research report on Tuesday, April 14th. Finally, BTIG Research raised their price objective on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.36.
Read Our Latest Stock Analysis on BE
More Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy is still being highlighted as a major beneficiary of the AI data-center power buildout, with multiple articles pointing to strong demand for on-site power solutions and positioning the company as a key “AI power crisis” winner. 5 Stocks Solving the AI Power Crisis (BE)
- Positive Sentiment: Coverage also noted Bloom Energy holding near record levels, reflecting continued momentum behind the fuel-cell trade as investors chase companies tied to power needs from AI infrastructure. Bloom Energy Holds Near a Record as AI Power Demand Drives the Fuel-Cell Trade
- Positive Sentiment: Bloom Energy was also included in investment-ideas and alternative-energy roundups, which can reinforce bullish sentiment around the stock’s growth story. Zacks Investment Ideas feature highlights: Bloom, Oracle, Brookfield Asset Management, Crescent and Diversified Energy
- Neutral Sentiment: Bernstein initiated coverage with a Market Perform rating, signaling a wait-and-see stance rather than a strong bullish call. Bernstein Initiates Coverage of Bloom Energy (BE) with Market Perform. Here is Why
- Neutral Sentiment: Several commentary pieces asked whether Bloom Energy has become a “dangerous value trap” or is caught up in an AI-energy bubble, adding skepticism after the stock’s big run. Buy, Hold, or Sell: Bloom Energy Stock Ripped Past $345 to an All-Time High. Is This AI Energy Play a Dangerous Value Trap?
- Negative Sentiment: Recent articles focused on the stock declining more than the broader market and questioned whether the “AI energy darling” narrative is fading, which may have pressured shares today. Bloom Energy (BE) Declines More Than Market: Some Information for Investors
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.
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