Bloom Energy Corporation $BE Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its stake in shares of Bloom Energy Corporation (NYSE:BE) by 23.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 332,315 shares of the company’s stock after selling 102,402 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Bloom Energy were worth $28,104,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BE. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the 3rd quarter worth $32,000. Fifth Third Bancorp purchased a new stake in Bloom Energy in the third quarter valued at $32,000. Parkside Financial Bank & Trust boosted its stake in Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Bloom Energy in the second quarter valued at $36,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Buying and Selling

In other Bloom Energy news, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the transaction, the insider owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 25,244 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the completion of the sale, the insider owned 227,048 shares of the company’s stock, valued at $40,398,650.64. This trade represents a 10.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 268,788 shares of company stock worth $45,575,889 in the last ninety days. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BTIG Research lifted their target price on Bloom Energy to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Barclays started coverage on Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target on the stock. Robert W. Baird set a $172.00 price objective on Bloom Energy in a research note on Tuesday, January 27th. Finally, Morgan Stanley raised their target price on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Stock Performance

Shares of BE stock opened at $135.80 on Monday. The stock’s 50-day moving average price is $141.26 and its 200 day moving average price is $109.58. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $38.10 billion, a PE ratio of -357.37, a price-to-earnings-growth ratio of 5.52 and a beta of 3.11. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90.

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

Bloom Energy 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.