Abel Hall LLC Sells 4,155 Shares of Bloom Energy Corporation $BE

Abel Hall LLC lessened its stake in Bloom Energy Corporation (NYSE:BE) by 38.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,779 shares of the company’s stock after selling 4,155 shares during the quarter. Abel Hall LLC’s holdings in Bloom Energy were worth $1,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. increased its stake in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the period. Compound Planning Inc. lifted its stake in Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after acquiring an additional 38 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Bloom Energy by 13.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after acquiring an additional 43 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares in the last quarter. Finally, Truefg LLC grew its holdings in Bloom Energy by 2.4% during the 3rd quarter. Truefg LLC now owns 2,048 shares of the company’s stock worth $567,000 after acquiring an additional 48 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of recent analyst reports. Clear Str raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Barclays raised their price objective on shares of Bloom Energy from $276.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, October 1st. Wells Fargo & Company decreased their price objective on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Finally, Susquehanna increased their target price on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and an average price target of $260.05.

Insider Buying and Selling at Bloom Energy

In related news, Director Jeffrey R. Immelt sold 30,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total value of $7,167,300.00. Following the transaction, the director directly owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Maciej Kurzymski sold 2,295 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $268.42, for a total transaction of $616,023.90. Following the sale, the chief accounting officer owned 77,391 shares in the company, valued at $20,773,292.22. This represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 89,698 shares of company stock worth $21,780,758. 3.00% of the stock is owned by insiders.

Bloom Energy Stock Up 2.1%

BE stock traded up $4.55 during trading on Monday, hitting $225.86. 9,940,285 shares of the company’s stock were exchanged, compared to its average volume of 13,011,356. The business has a 50-day moving average price of $249.30 and a two-hundred day moving average price of $246.99. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $66.52 billion, a price-to-earnings ratio of 301.15, a PEG ratio of 2.86 and a beta of 3.77. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 2.04 EPS for the current year.

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.