Marietta Investment Partners LLC Makes New Investment in Bloom Energy Corporation $BE

Marietta Investment Partners LLC purchased a new stake in Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 102,439 shares of the company’s stock, valued at approximately $8,663,000. Bloom Energy makes up approximately 1.7% of Marietta Investment Partners LLC’s portfolio, making the stock its 17th largest position.

Several other large investors have also modified their holdings of BE. Heron Bay Capital Management acquired a new position in shares of Bloom Energy in the 3rd quarter worth $297,000. Consolidated Portfolio Review Corp purchased a new position in Bloom Energy in the 3rd quarter worth about $244,000. Orion Porfolio Solutions LLC acquired a new stake in Bloom Energy during the 3rd quarter worth about $551,000. JT Stratford LLC lifted its stake in Bloom Energy by 72.6% during the third quarter. JT Stratford LLC now owns 52,103 shares of the company’s stock valued at $4,406,000 after buying an additional 21,918 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in Bloom Energy during the third quarter valued at about $544,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Stock Down 3.0%

BE stock opened at $159.87 on Friday. The company has a 50 day moving average of $140.35 and a two-hundred day moving average of $108.05. The company has a market cap of $44.85 billion, a price-to-earnings ratio of -420.71, a PEG ratio of 6.73 and a beta of 3.11. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $180.90. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 25,244 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $177.93, for a total value of $4,491,664.92. Following the completion of the sale, the insider directly owned 227,048 shares in the company, valued at approximately $40,398,650.64. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Aman Joshi sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $175.60, for a total value of $1,756,000.00. Following the transaction, the insider owned 210,465 shares in the company, valued at approximately $36,957,654. This trade represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 268,788 shares of company stock valued at $45,575,889. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BE shares. Morgan Stanley lifted their target price on shares of Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Bank of America set a $39.00 price objective on shares of Bloom Energy in a research report on Tuesday, November 25th. Wall Street Zen lowered Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Robert W. Baird set a $172.00 price target on Bloom Energy in a report on Tuesday, January 27th. Finally, Truist Financial set a $68.00 price target on Bloom Energy in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and a consensus price target of $131.87.

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.