GF Fund Management CO. LTD. Makes New Investment in Bloom Energy Corporation $BE

GF Fund Management CO. LTD. bought a new position in shares of Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, Holdings Channel reports. The firm bought 648,856 shares of the company’s stock, valued at approximately $54,874,000. Bloom Energy makes up 1.0% of GF Fund Management CO. LTD.’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC increased its position in Bloom Energy by 3.3% during the third quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after buying an additional 162 shares in the last quarter. Seelaus Asset Management LLC raised its stake in Bloom Energy by 2.4% during the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after purchasing an additional 270 shares during the period. Parkside Financial Bank & Trust boosted its holdings in 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 acquiring an additional 281 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of Bloom Energy by 0.3% during the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after purchasing an additional 313 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Bloom Energy by 14.1% in the third quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock worth $229,000 after acquiring an additional 335 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. HSBC upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Wednesday, October 29th. BTIG Research boosted their price target on Bloom Energy to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $132.61.

Bloom Energy Stock Performance

Shares of BE stock opened at $139.70 on Friday. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $176.49. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88. The firm has a market capitalization of $33.04 billion, a price-to-earnings ratio of -367.63, a price-to-earnings-growth ratio of 5.78 and a beta of 3.07. The business has a 50 day simple moving average of $122.35 and a 200 day simple moving average of $96.88.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million during the quarter, compared to analyst estimates of $647.59 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’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, equities research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Transactions at Bloom Energy

In other news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction 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 directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. This trade represents a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Marie Soderberg sold 1,583 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $105.97, for a total value of $167,750.51. Following the completion of the sale, the insider directly owned 221,633 shares in the company, valued at $23,486,449.01. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,278 shares of company stock valued at $488,001. Company insiders own 3.60% of the company’s stock.

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.