Wesbanco Bank Inc. Decreases Position in Bloom Energy Corporation $BE

Wesbanco Bank Inc. cut its holdings in Bloom Energy Corporation (NYSE:BE) by 43.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 29,932 shares of the company’s stock after selling 23,400 shares during the period. Wesbanco Bank Inc.’s holdings in Bloom Energy were worth $4,055,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Ritholtz Wealth Management increased its holdings in shares of Bloom Energy by 19.6% in the first quarter. Ritholtz Wealth Management now owns 6,896 shares of the company’s stock worth $934,000 after buying an additional 1,131 shares during the period. Blue Trust Inc. boosted its holdings in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Bloom Energy during the 1st quarter worth approximately $375,000. OP Asset Management Ltd bought a new position in Bloom Energy during the 1st quarter worth approximately $3,130,000. Finally, Banque Cantonale Vaudoise increased its stake in Bloom Energy by 87.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,736 shares of the company’s stock worth $912,000 after purchasing an additional 3,133 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the transaction, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 35,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the transaction, the insider directly owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 230,274 shares of company stock worth $58,696,472. Company insiders own 3.00% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Bloom Energy continues to be viewed as a key beneficiary of rising AI data center power demand, with articles highlighting it as a solution to one of AI’s biggest infrastructure constraints. This Energy Stock Is Helping Solve AI’s Biggest Constraint
• Positive Sentiment: Bloom Energy has been described as a hot AI infrastructure stock that has surged sharply over the last year, showing strong investor enthusiasm for its fuel cell systems. This AI Infrastructure Stock Is Up 14X in the Last Year (Hint: It’s Not Micron)
• Neutral Sentiment: Bloom Energy remains a stock market favorite in broader coverage, but the headline does not add a clear new operational catalyst for the company. Bloom Energy
• Neutral Sentiment: Analysts and commentators are debating whether Bloom Energy is still a buy, with the main concern being that the stock now trades at a rich valuation after its rally. Is Bloom Energy a Buy Now?
• Negative Sentiment: Bloom Energy shares are under pressure as traders lock in gains after the recent surge to new highs, suggesting the move may be overextended in the short term. Bloom Energy Shares Are Sliding Friday: What’s Going On?
• Negative Sentiment: Market commentary notes a sharp reversal in fuel cell stocks, with Bloom Energy singled out as falling while peers diverged, reinforcing the profit-taking narrative. FuelCell Energy Rockets 24%, Bloom Energy Tumbles 14% in a Stunning Fuel Cell Divergence
• Negative Sentiment: Another report described a profit-taking reversal across fuel cell names, indicating that some of the recent enthusiasm in the sector is fading. FuelCell Energy Drops 10%, Bloom Energy Falls 7% in a Profit-Taking Reversal as Plug Power Edges Up

Bloom Energy Price Performance

BE opened at $257.80 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy Corporation has a 52-week low of $21.52 and a 52-week high of $351.28. The stock has a market capitalization of $73.33 billion, a PE ratio of -5,154.99 and a beta of 3.73. The stock’s 50 day moving average price is $274.84 and its 200-day moving average price is $185.22.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The firm’s revenue was up 130.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, equities research analysts predict that Bloom Energy Corporation will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

BE has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Barclays upped their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group set a $322.00 price target on shares of Bloom Energy in a research report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus target price of $224.36.

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.