Navellier & Associates Inc. Purchases 63,973 Shares of Bloom Energy Corporation $BE

Navellier & Associates Inc. boosted its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 134.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,511 shares of the company’s stock after buying an additional 63,973 shares during the quarter. Bloom Energy makes up approximately 1.0% of Navellier & Associates Inc.’s investment portfolio, making the stock its 27th largest position. Navellier & Associates Inc.’s holdings in Bloom Energy were worth $9,430,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. bought a new stake in shares of Bloom Energy during the 2nd quarter worth about $108,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy during the third quarter worth approximately $553,000. Mizuho Markets Americas LLC boosted its holdings in shares of Bloom Energy by 29.9% during the second quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock worth $9,460,000 after acquiring an additional 90,980 shares during the period. Udine Wealth Management Inc. grew its position in shares of Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after purchasing an additional 13,684 shares during the last quarter. Finally, Straight Path Wealth Management bought a new position in shares of Bloom Energy during the third quarter worth approximately $1,099,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

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

Bloom Energy Stock Up 8.4%

NYSE BE opened at $155.06 on Tuesday. The business has a fifty day moving average price of $119.60 and a two-hundred day moving average price of $94.19. The stock has a market capitalization of $36.67 billion, a PE ratio of -408.05, a PEG ratio of 11.56 and a beta of 3.07. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $176.49. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho boosted their price target on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday. UBS Group reissued a “buy” rating and issued a $170.00 target price on shares of Bloom Energy in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research note on Friday. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average target price of $128.29.

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.