Bloom Energy Corporation $BE Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,794 shares of the company’s stock after purchasing an additional 3,046 shares during the quarter. Independent Advisor Alliance’s holdings in Bloom Energy were worth $7,628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $1,825,000. Meridian Wealth Management LLC acquired a new position in Bloom Energy in the 3rd quarter valued at about $553,000. Udine Wealth Management Inc. grew its position in Bloom Energy by 27.8% in the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares in the last quarter. Straight Path Wealth Management acquired a new position in Bloom Energy in the 3rd quarter valued at about $1,099,000. Finally, Strs Ohio grew its position in Bloom Energy by 24.8% in the 4th quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after acquiring an additional 8,200 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 19,944 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the transaction, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares in the company, valued at approximately $43,371,303.95. The trade was a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 515,092 shares of company stock valued at $95,003,475. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BE. Barclays lifted their target price on Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday. BTIG Research lifted their target price on Bloom Energy to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their target price on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $217.48.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $281.23 on Wednesday. Bloom Energy Corporation has a one year low of $17.01 and a one year high of $302.99. The company has a market cap of $79.99 billion, a PE ratio of -5,623.46 and a beta of 3.82. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The business has a 50-day simple moving average of $186.16 and a 200-day simple moving average of $145.55.

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

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.