Bloom Energy Corporation $BE Stock: International Assets Investment Management LLC Increases Holdings

International Assets Investment Management LLC boosted its position in shares of Bloom Energy Corporation (NYSE:BE) by 3,892.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the company’s stock after buying an additional 155,992 shares during the period. International Assets Investment Management LLC’s holdings in Bloom Energy were worth $44,317,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. raised its position in shares of Bloom Energy by 49.3% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after buying an additional 37 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after acquiring an additional 38 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Bloom Energy by 13.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after acquiring an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of 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 increased its stake in Bloom Energy by 2.4% in the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after acquiring an additional 48 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Trending Headlines about Bloom Energy

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

• Positive Sentiment: Bloom Energy’s addition to the S&P 500 in September increases its visibility and can create demand from index-tracking funds. Analysts also see substantial long-term opportunity as data centers and artificial-intelligence infrastructure require reliable power. Bloom Energy Just Joined the S&P 500. Here’s What History Says Happens Next.
• Positive Sentiment: A comparison with Plug Power favors BE on earnings growth, profitability and liquidity, supporting the view that Bloom is one of the stronger companies in the fuel-cell sector. Bloom Energy or Plug Power: Which Offers Better Long-Term Upside Now?
• Positive Sentiment: Recent coverage continues to highlight Bloom’s record quarter and explosive growth potential, while a recent analyst upgrade provided additional support for the stock’s investment case. Bloom Energy stock faces cash-flow test after record quarter

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director John Chambers sold 15,000 shares of Bloom Energy stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the transaction, the director directly owned 208,333 shares of the company’s stock, valued at approximately $52,083,250. The trade was a 6.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Immelt sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 201,243 shares in the company, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,698 shares of company stock worth $21,780,758 over the last 90 days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

BE has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Bloom Energy from $281.00 to $284.00 and gave the company a “neutral” rating in a research report on Thursday. Clear Str upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Wall Street Zen cut Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Wells Fargo & Company upped their price objective on Bloom Energy from $176.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Finally, Susquehanna upped their price objective on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $264.33.

Bloom Energy Price Performance

BE stock opened at $202.46 on Friday. The company has a fifty day moving average price of $248.16 and a 200-day moving average price of $219.80. The company has a market capitalization of $59.86 billion, a P/E ratio of 124.21, a PEG ratio of 2.24 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. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Bloom Energy’s revenue for the quarter was up 138.1% on a year-over-year basis. As a group, equities analysts expect that Bloom Energy Corporation will post 2.61 EPS for the current year.

Bloom Energy Company Profile

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.