R Squared Ltd Has $656,000 Stake in Bloom Energy Corporation $BE

R Squared Ltd reduced its stake in shares of Bloom Energy Corporation (NYSE:BE) by 38.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,841 shares of the company’s stock after selling 3,047 shares during the quarter. R Squared Ltd’s holdings in Bloom Energy were worth $656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio boosted its position in shares of Bloom Energy by 24.8% during the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock worth $3,580,000 after purchasing an additional 8,200 shares in the last quarter. Fortem Financial Group LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at $369,000. Norges Bank bought a new stake in shares of Bloom Energy in the 4th quarter valued at $239,683,000. Cidel Asset Management Inc. acquired a new stake in Bloom Energy during the 1st quarter worth $445,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Bloom Energy during the 4th quarter worth $7,574,000. 77.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Bloom Energy

In related news, Director John T. Chambers sold 55,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the transaction, the director owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the sale, the insider owned 212,365 shares in the company, valued at $43,371,303.95. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,617 shares of company stock valued at $59,843,659 in the last three months. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BE has been the topic of several recent analyst reports. BTIG Research lifted their target price on Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their price target on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Susquehanna raised their price target on Bloom Energy to $293.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Evercore reiterated an “outperform” rating and set a $350.00 price objective on shares of Bloom Energy in a report on Wednesday, July 1st. Finally, TD Cowen boosted their price objective on Bloom Energy to $235.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $238.82.

Bloom Energy Stock Down 10.5%

NYSE BE traded down $31.10 during trading on Tuesday, hitting $263.95. The stock had a trading volume of 5,442,299 shares, compared to its average volume of 11,623,206. Bloom Energy Corporation has a 12 month low of $23.94 and a 12 month high of $351.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company’s 50-day moving average price is $282.46 and its two-hundred day moving average price is $193.57. The company has a market capitalization of $75.08 billion, a PE ratio of -5,281.26 and a beta of 3.73.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million during the quarter, compared to analysts’ expectations of $539.94 million. During the same period last year, the business earned $0.03 EPS. The business’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1.34 EPS for the current year.

Bloom Energy Company 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.