Bloom Energy Corporation $BE Stock Holdings Lessened by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. trimmed its stake in Bloom Energy Corporation (NYSE:BE) by 33.6% in the first quarter, Holdings Channel.com reports. The firm owned 73,000 shares of the company’s stock after selling 37,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Bloom Energy were worth $1,435,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA lifted its position in shares of Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after purchasing an additional 1,161 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Bloom Energy by 2,160.0% in the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after purchasing an additional 1,512 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Bloom Energy by 674.7% in 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 in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Bloom Energy in the first quarter worth approximately $39,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Bloom Energy in the first quarter worth approximately $41,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, insider Aman Joshi sold 4,870 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $43.36, for a total transaction of $211,163.20. Following the transaction, the insider owned 224,361 shares of the company’s stock, valued at approximately $9,728,292.96. This represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 45,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $43.31, for a total value of $1,948,950.00. Following the transaction, the insider directly owned 229,682 shares in the company, valued at approximately $9,947,527.42. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 308,477 shares of company stock worth $14,924,815 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Bloom Energy Stock Performance

Shares of NYSE BE opened at $67.25 on Friday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 1,681.67 and a beta of 3.28. The business’s 50-day simple moving average is $39.96 and its 200-day simple moving average is $27.18. Bloom Energy Corporation has a 52 week low of $9.02 and a 52 week high of $68.74.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $401.24 million for the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BE shares. Wells Fargo & Company increased their price target on shares of Bloom Energy from $22.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upgraded Bloom Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $33.00 in a report on Wednesday, July 9th. Roth Capital lifted their price target on Bloom Energy from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Morgan Stanley lifted their price target on Bloom Energy from $35.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Mizuho lifted their price target on Bloom Energy from $26.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.18.

Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.