Heron Bay Capital Management Makes New Investment in Bloom Energy Corporation $BE

Heron Bay Capital Management purchased a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, Holdings Channel.com reports. The firm purchased 3,512 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC grew its position in Bloom Energy by 3.3% during the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after purchasing an additional 162 shares in the last quarter. Seelaus Asset Management LLC boosted its position in shares of Bloom Energy by 2.4% in the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock worth $966,000 after buying an additional 270 shares during the period. Parkside Financial Bank & Trust boosted its position 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 worth $33,000 after buying an additional 281 shares during the period. Rothschild Investment LLC grew its holdings in shares of Bloom Energy by 74.4% during the third quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock valued at $58,000 after buying an additional 290 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in Bloom Energy by 0.3% during the second quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock valued at $2,285,000 after buying an additional 313 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity

In other news, insider Maciej Kurzymski sold 3,264 shares of the stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Satish Chitoori sold 1,521 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total value of $211,981.77. Following the completion of the transaction, the insider directly owned 230,017 shares in the company, valued at $32,057,469.29. The trade was a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 268,788 shares of company stock valued at $45,575,889. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BE shares. Bank of America set a $39.00 price objective on Bloom Energy in a research report on Tuesday, November 25th. Roth Mkm raised their price target on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Morgan Stanley boosted their price objective on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. China Renaissance assumed coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Bloom Energy in a research note on Tuesday, February 24th. They set a “neutral” rating and a $162.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Trading Down 3.0%

NYSE:BE opened at $159.87 on Friday. The company has a market capitalization of $44.85 billion, a P/E ratio of -420.71, a P/E/G ratio of 6.73 and a beta of 3.11. The stock’s 50 day moving average price is $140.35 and its 200 day moving average price is $108.05. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $180.90.

Bloom Energy (NYSE:BE) last posted its 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 negative net margin of 4.37% and a positive return on equity of 7.88%. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts forecast 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.