Hanseatic Management Services Inc. acquired a new stake in Bloom Energy Corporation (NYSE:BE – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,328 shares of the company’s stock, valued at approximately $1,399,000. Bloom Energy accounts for approximately 1.3% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 28th biggest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of BE. Blue Trust Inc. grew its stake in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Bloom Energy in the 1st quarter worth approximately $27,000. Godsey & Gibb Inc. boosted its holdings in Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. CENTRAL TRUST Co grew its position in Bloom Energy by 10,000.0% in the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock valued at $41,000 after acquiring an additional 300 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Bloom Energy by 45.5% during the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.
Bloom Energy Price Performance
Shares of BE stock opened at $213.88 on Friday. The firm has a market cap of $60.84 billion, a P/E ratio of -4,276.78 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. Bloom Energy Corporation has a 1-year low of $24.04 and a 1-year high of $351.28. The firm has a fifty day moving average of $278.38 and a two-hundred day moving average of $202.41.
Insider Transactions at Bloom Energy
In other Bloom Energy news, insider Satish Chitoori sold 2,837 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the sale, the insider owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the transaction, the director directly owned 238,333 shares in the company, valued at approximately $70,949,350.77. This represents a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 153,617 shares of company stock valued at $44,003,909 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.
Trending Headlines about Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: IDF and Oaktree announced a $1.7 billion investment to deploy Bloom Energy fuel cells for Nebius’ AI infrastructure, supporting growth in Bloom’s core power technology and strengthening its AI-related revenue opportunity. Reuters article
- Positive Sentiment: Additional coverage and commentary have highlighted Bloom Energy’s strong stock performance and momentum, with analysts describing it as a stock benefiting from solid quarterly results and long-term gains. Yahoo Finance article
- Neutral Sentiment: Bloom Energy has also appeared on momentum screens and in analyst-style market commentary, which may support trading interest but does not change the company’s fundamentals. Zacks article
- Negative Sentiment: Two law firms announced securities-fraud investigations into Bloom Energy following a short report, creating headline risk and raising concerns about potential disclosures or litigation. Business Wire article
- Negative Sentiment: Short-seller commentary and related reports have argued Bloom may face supply-chain risks and valuation concerns, which could pressure sentiment despite the AI deal news. Barchart article
Analyst Ratings Changes
BE has been the subject of several analyst reports. Jefferies Financial Group upped their target price on shares of Bloom Energy from $207.00 to $246.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Mizuho set a $285.00 price objective on shares of Bloom Energy in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Bloom Energy to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $335.00 target price on shares of Bloom Energy in a research note on Wednesday, June 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $250.41.
Get Our Latest Stock Analysis on Bloom Energy
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.
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