Bloom Energy Corporation $BE Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its holdings in Bloom Energy Corporation (NYSE:BE) by 60.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 75,832 shares of the company’s stock after selling 115,168 shares during the period. Wesbanco Bank Inc.’s holdings in Bloom Energy were worth $6,413,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new stake in Bloom Energy during the 3rd quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in shares of 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 purchasing an additional 281 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Bloom Energy in the second quarter valued at approximately $36,000. NewEdge Advisors LLC raised its stake 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. Finally, Cranbrook Wealth Management LLC acquired a new stake in shares of Bloom Energy during the third quarter worth $39,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada set a $143.00 price objective on shares of Bloom Energy in a research note on Tuesday, January 20th. Susquehanna lifted their target price on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research note on Tuesday, January 27th. BTIG Research raised their price objective on shares of Bloom Energy to $165.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average price target of $128.29.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 2,085 shares of Bloom Energy stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $104.08, for a total transaction of $217,006.80. Following the completion of the transaction, the insider owned 229,880 shares in the company, valued at approximately $23,925,910.40. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,639 shares of company stock valued at $1,496,660. Insiders own 3.50% of the company’s stock.

Bloom Energy Trading Up 8.4%

Shares of Bloom Energy stock opened at $155.06 on Tuesday. The company has a 50-day moving average of $119.60 and a two-hundred day moving average of $94.19. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $176.49. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. The stock has a market cap of $36.67 billion, a PE ratio of -408.05, a price-to-earnings-growth ratio of 11.56 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 8.38% and a negative net margin of 4.37%.The business had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the company earned $0.43 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

About Bloom Energy

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.