Moors & Cabot Inc. Has $1.20 Million Holdings in Bloom Energy Corporation $BE

Moors & Cabot Inc. boosted its position in Bloom Energy Corporation (NYSE:BEFree Report) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,750 shares of the company’s stock after buying an additional 1,840 shares during the quarter. Moors & Cabot Inc.’s holdings in Bloom Energy were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC grew its stake in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Orion Capital Management LLC grew its stake in Bloom Energy by 0.7% in the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock valued at $1,050,000 after buying an additional 83 shares during the last quarter. Ritholtz Wealth Management grew its stake in Bloom Energy by 1.5% in the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after buying an additional 87 shares during the last quarter. CoreCap Advisors LLC grew its stake in Bloom Energy by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock valued at $113,000 after buying an additional 88 shares during the last quarter. Finally, Reliant Investment Management LLC grew its stake in Bloom Energy by 3.6% in the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after buying an additional 90 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the transaction, the insider directly owned 212,365 shares of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the transaction, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. The trade was a 9.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,777 shares of company stock valued at $55,112,564 over the last quarter. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BE shares. BMO Capital Markets raised their target price on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a report on Wednesday, April 29th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup reissued a “neutral” rating on shares of Bloom Energy in a report on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and an average price target of $217.48.

Check Out Our Latest Research Report on BE

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Bloom Energy Price Performance

NYSE:BE opened at $284.48 on Friday. The company has a 50-day moving average of $220.81 and a 200-day moving average of $160.23. The company has a market capitalization of $80.92 billion, a price-to-earnings ratio of -5,688.50 and a beta of 3.82. Bloom Energy Corporation has a 52 week low of $18.12 and a 52 week high of $322.83. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities research analysts anticipate that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

About Bloom Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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