Handelsbanken Fonder AB Has $246.23 Million Stake in Bloom Energy Corporation $BE

Handelsbanken Fonder AB reduced its stake in shares of Bloom Energy Corporation (NYSE:BE) by 27.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 813,452 shares of the company’s stock after selling 313,697 shares during the period. Bloom Energy comprises approximately 0.7% of Handelsbanken Fonder AB’s portfolio, making the stock its 25th biggest position. Handelsbanken Fonder AB owned about 0.29% of Bloom Energy worth $246,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. grew its holdings in Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in Bloom Energy by 51.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after buying an additional 46 shares during the last quarter. Blue Trust Inc. lifted its stake in Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Anchor Investment Management LLC bought a new position in Bloom Energy during the 1st quarter valued at $27,000. Finally, Godsey & Gibb Inc. boosted its holdings in Bloom Energy by 2,000.0% during 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 last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

NYSE BE opened at $210.57 on Tuesday. The company has a market capitalization of $62.02 billion, a PE ratio of 280.76, a price-to-earnings-growth ratio of 3.00 and a beta of 3.79. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. Bloom Energy Corporation has a 52-week low of $36.80 and a 52-week high of $351.28. The company has a 50-day simple moving average of $252.90 and a 200 day simple moving average of $213.03.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $826.13 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, research analysts predict that Bloom Energy Corporation will post 1.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BE shares. Robert W. Baird reiterated an “outperform” rating and issued a $310.00 target price on shares of Bloom Energy in a research note on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company reduced their price objective on shares of Bloom Energy from $217.00 to $176.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Jefferies Financial Group set a $188.00 price objective on shares of Bloom Energy in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.18.

Insider Buying and Selling

In related news, CAO Maciej Kurzymski sold 2,259 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.62, for a total value of $651,992.58. Following the transaction, the chief accounting officer owned 79,686 shares in the company, valued at approximately $22,998,973.32. This represents a 2.76% 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 link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,343 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the transaction, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 108,617 shares of company stock worth $30,648,609 in the last three months. Insiders own 3.00% of the company’s stock.

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.