Bloom Energy Corporation $BE Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Bloom Energy Corporation (NYSE:BE) by 467.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,638 shares of the company’s stock after purchasing an additional 68,067 shares during the quarter. Principal Financial Group Inc.’s holdings in Bloom Energy were worth $6,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BE. N.E.W. Advisory Services LLC acquired a new position in shares of Bloom Energy during the 3rd quarter worth about $32,000. Parkside Financial Bank & Trust lifted its stake in Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after purchasing an additional 281 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Bloom Energy in the second quarter valued at approximately $36,000. NewEdge Advisors LLC increased its stake in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Cranbrook Wealth Management LLC purchased a new position in Bloom Energy in the third quarter valued at approximately $39,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bloom Energy

In related news, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the transaction, the insider owned 229,449 shares in the company, valued at approximately $20,219,045.88. This trade represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,278 shares of company stock worth $488,001 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BE has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Mizuho upped their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Susquehanna raised their price objective on Bloom Energy to $157.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $143.00 target price on Bloom Energy in a report on Tuesday, January 20th. Finally, Evercore ISI set a $179.00 target price on Bloom Energy and gave the company an “outperform” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.61.

Bloom Energy Price Performance

Shares of BE opened at $139.70 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 2.88 and a current ratio of 5.98. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The firm has a 50-day simple moving average of $122.35 and a 200-day simple moving average of $96.45. The company has a market capitalization of $33.04 billion, a price-to-earnings ratio of -367.63, a price-to-earnings-growth ratio of 5.75 and a beta of 3.07.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period in the prior year, the business earned $0.43 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Bloom Energy Company Profile

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.