StoneCrest Wealth Management Inc. Acquires New Holdings in Bloom Energy Corporation $BE

StoneCrest Wealth Management Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,946 shares of the company’s stock, valued at approximately $604,000.

Several other large investors have also recently bought and sold shares of the stock. Meridian Wealth Management LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth $553,000. Creekmur Asset Management LLC bought a new position in Bloom Energy during the third quarter valued at about $1,825,000. Udine Wealth Management Inc. grew its holdings in Bloom Energy by 27.8% during the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after acquiring an additional 13,684 shares during the period. Straight Path Wealth Management acquired a new position in Bloom Energy during the third quarter worth about $1,099,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Bloom Energy in the third quarter worth about $1,985,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BE shares. Wall Street Zen downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. BMO Capital Markets boosted their target price on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. BTIG Research lifted their price target on shares of Bloom Energy to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Mizuho upped their price target on Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $131.65.

Bloom Energy Trading Up 2.2%

Shares of BE opened at $135.40 on Friday. The business’s 50-day moving average price is $150.78 and its 200 day moving average price is $120.99. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $37.99 billion, a P/E ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $180.90.

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

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the sale, the insider directly owned 84,294 shares of the company’s stock, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 15,410 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $150.47, for a total value of $2,318,742.70. Following the completion of the sale, the insider owned 195,732 shares of the company’s stock, valued at $29,451,794.04. The trade was a 7.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 380,092 shares of company stock worth $62,724,725 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.