TB Alternative Assets Ltd. Takes $417,000 Position in Bloom Energy Corporation $BE

TB Alternative Assets Ltd. acquired a new stake in shares of Bloom Energy Corporation (NYSE:BE) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,803 shares of the company’s stock, valued at approximately $417,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. Fifth Third Bancorp bought a new position in shares of Bloom Energy in the third quarter worth approximately $32,000. 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 purchasing an additional 281 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Bloom Energy in the second quarter worth approximately $36,000. Finally, NewEdge Advisors LLC increased its stake in shares of Bloom Energy by 674.7% in 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 in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, CEO Kr Sridhar sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the transaction, the chief executive officer owned 2,189,869 shares of the company’s stock, valued at approximately $372,277,730. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aman Joshi sold 19,944 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the sale, the insider owned 190,521 shares in the company, valued at approximately $29,502,176.85. The trade was a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 370,092 shares of company stock valued at $61,365,925. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BE. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Mizuho increased their price target on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Barclays began coverage on Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target on the stock. Wells Fargo & Company upped their price objective on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Finally, Wall Street Zen cut Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $131.65.

Bloom Energy Stock Down 2.2%

Shares of NYSE:BE opened at $132.48 on Thursday. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $180.90. The company has a market cap of $37.17 billion, a price-to-earnings ratio of -348.64, a PEG ratio of 5.53 and a beta of 3.11. 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 company has a 50-day moving average price of $150.98 and a 200 day moving average price of $120.89.

Bloom Energy (NYSE:BE) last released 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 firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current 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.