Range Financial Group LLC Invests $1.25 Million in Bloom Energy Corporation $BE

Range Financial Group LLC acquired a new position in Bloom Energy Corporation (NYSE:BE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,215 shares of the company’s stock, valued at approximately $1,249,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new position in Bloom Energy during the 1st quarter valued at $229,000. Sumitomo Mitsui Trust Group Inc. grew its position in Bloom Energy by 7.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 517,286 shares of the company’s stock worth $70,087,000 after purchasing an additional 37,403 shares during the last quarter. Cvfg LLC acquired a new position in shares of Bloom Energy during the first quarter valued at about $10,114,000. Swedbank AB raised its position in shares of Bloom Energy by 23.9% during the first quarter. Swedbank AB now owns 59,519 shares of the company’s stock valued at $8,064,000 after buying an additional 11,487 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Bloom Energy in the first quarter valued at about $237,000. Institutional investors own 77.04% of the company’s stock.

Key Bloom Energy News

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

• Positive Sentiment: Bloom Energy said it “categorically rejects” the short-seller report, with traders and retail investors viewing the allegations as overblown and buying the dip. Bloom Energy Shares Climb After Company Rebuts Short-Seller Report (BE)
• Positive Sentiment: Robert W. Baird reaffirmed an outperform rating and set a $310 price target, signaling confidence that the stock still has room to rise. Benzinga coverage of Baird reaffirmation
• Neutral Sentiment: The company’s recent partnership expansion with Brookfield to support AI infrastructure remains a longer-term catalyst, but it has been overshadowed in the near term by the short-report controversy. Brookfield, Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Bloom Energy after the short-seller allegations, which could increase headline risk and pressure sentiment. Securities Fraud Investigation Into Bloom Energy Corporation (BE) Announced

Bloom Energy Stock Up 0.8%

Shares of NYSE BE opened at $256.26 on Friday. Bloom Energy Corporation has a 52-week low of $24.04 and a 52-week 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 business has a fifty day moving average of $284.20 and a two-hundred day moving average of $197.33. The stock has a market cap of $72.89 billion, a PE ratio of -5,124.28 and a beta of 3.73.

Bloom Energy (NYSE:BE) last posted its 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. The business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho set a $285.00 target price on Bloom Energy in a research report on Friday, May 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $310.00 price target on shares of Bloom Energy in a report on Thursday. Jefferies Financial Group raised their price objective on Bloom Energy from $207.00 to $246.00 and gave the stock a “hold” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a research report on Tuesday, June 9th. Finally, Susquehanna upped their target price on Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $241.91.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 20,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $43,371,303.95. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Chambers sold 55,000 shares of the business’s 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 completion of the transaction, the director directly owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 228,617 shares of company stock valued at $59,843,659. 3.00% of the stock is owned by company insiders.

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.