Bloom Energy Corporation $BE Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC decreased its holdings in Bloom Energy Corporation (NYSE:BE) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,729 shares of the company’s stock after selling 3,805 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Bloom Energy were worth $1,280,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Clear Street Group Inc. acquired a new position in shares of Bloom Energy during the fourth quarter worth $34,285,000. Eventide Asset Management LLC acquired a new position in shares of Bloom Energy during the fourth quarter worth $11,927,000. Entropy Technologies LP grew its stake in shares of Bloom Energy by 249.0% during the fourth quarter. Entropy Technologies LP now owns 87,200 shares of the company’s stock worth $7,577,000 after purchasing an additional 62,217 shares in the last quarter. Arvin Capital Management LP acquired a new position in shares of Bloom Energy during the fourth quarter worth $2,190,000. Finally, FORA Capital LLC grew its stake in shares of Bloom Energy by 250.5% during the fourth quarter. FORA Capital LLC now owns 97,035 shares of the company’s stock worth $8,431,000 after purchasing an additional 69,354 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

More Bloom Energy News

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Bloom Energy is being highlighted as a beneficiary of rising demand for reliable power to support AI data centers, with commentary pointing to its fuel-cell technology as a solution for grid-constrained projects and a reason traders are re-entering the name. Bloom Energy Stock Is Climbing Thursday: What’s Driving The Move?
• Positive Sentiment: Recent coverage says Bloom Energy continues to stand out in the renewable-energy group, with strong earnings performance helping support the bullish case and reinforcing its growth momentum versus peers. Renewable Energy Q1 Earnings: Bloom Energy (NYSE:BE) is the Best in the Biz
• Neutral Sentiment: Bloom Energy’s stock has already delivered an enormous multi-year gain, and one article questions whether there is still upside left after the rally, which may be encouraging some investors to reassess valuation rather than chase the stock. Bloom Energy (BE) Stock After 13x Three Year Surge Is There Still Upside Potential
• Neutral Sentiment: One bearish note downgraded Bloom Energy to hold, arguing that AI enthusiasm may be running ahead of fundamentals, which adds caution but does not point to a major business setback. Bloom Energy: AI Euphoria Meets Reality, Downgrading To Hold
• Negative Sentiment: Coverage also notes that Bloom Energy has pulled back from a recent peak, and that a paused data-center project tied to Crusoe raises a near-term reminder that some AI-power demand could be delayed even if the longer-term thesis remains intact. BE Stock Recovers After 10% Selloff: Morgan Stanley Says Crusoe Project Pause Does Not Break AI Power Thesis

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 2,111 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $288.24, for a total value of $608,474.64. Following the completion of the sale, the insider directly owned 210,254 shares of the company’s stock, valued at approximately $60,603,612.96. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 6,229 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the sale, the chief accounting officer directly owned 81,945 shares of the company’s stock, valued at $24,039,385.20. The trade was a 7.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 247,262 shares of company stock valued at $59,700,045. 3.00% of the stock is owned by insiders.

Bloom Energy Price Performance

Shares of BE opened at $260.39 on Monday. Bloom Energy Corporation has a 1-year low of $20.93 and a 1-year high of $322.83. The stock has a market cap of $74.07 billion, a PE ratio of -5,206.80 and a beta of 3.74. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The firm has a fifty day moving average price of $246.21 and a 200 day moving average price of $171.72.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the previous year, the company earned $0.03 earnings per share. Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BE shares. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research note on Wednesday, April 29th. Mizuho set a $285.00 target price on shares of Bloom Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Finally, BTIG Research boosted their price target on shares of Bloom Energy to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average target price of $217.48.

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.