Ted Buchan & Co bought a new position in Bloom Energy Corporation (NYSE:BE – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 2,707 shares of the company’s stock, valued at approximately $819,000.
Several other hedge funds have also bought and sold shares of the business. Blue Trust Inc. raised its holdings in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after buying an additional 51 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Bloom Energy during the first quarter worth about $27,000. WPG Advisers LLC increased its position in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Finally, Godsey & Gibb Inc. raised its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.
Bloom Energy Stock Performance
Shares of Bloom Energy stock opened at $236.12 on Friday. The business’s fifty day simple moving average is $248.98 and its 200 day simple moving average is $214.75. The firm has a market capitalization of $69.54 billion, a P/E ratio of 314.82, a price-to-earnings-growth ratio of 3.24 and a beta of 3.79. Bloom Energy Corporation has a 12 month low of $40.56 and a 12 month high of $351.28. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59.
Key Headlines Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: AI data-center power partnership boosts growth outlook. Nebius Group selected Bloom’s fuel cells as the behind-the-meter power solution for a flagship AI data center. Analysts highlighted Bloom’s ability to provide “speed to power,” an important advantage as grid interconnection delays constrain AI infrastructure expansion. BE Stock Jumps After NBIS Says Switch To Bloom
- Positive Sentiment: MiTAC expansion reinforces demand for Bloom’s onsite systems. MiTAC Computing Technology expanded its Bloom partnership to include a fuel-cell-powered islanded microgrid at its Fremont AI server manufacturing campus, adding to its existing San Jose installation. The project supports Bloom’s positioning as a rapidly deployable, low-noise power provider for mission-critical AI operations. Scandium Supply Chain Dispute Might Change The Case For Investing In Bloom Energy
- Positive Sentiment: AI-driven earnings expectations remain supportive. Commentary from Zacks, Fool.com and Evercore ISI points to rising power demand from AI data centers as a major long-term opportunity. Bloom’s latest reported quarter also featured revenue growth of 165.5% year over year and earnings well above consensus, strengthening the bullish narrative. Bloom Energy Skyrockets 143% YTD
Insider Buying and Selling
In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,842 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total value of $820,286.46. Following the transaction, the insider directly owned 132,265 shares in the company, valued at $38,175,646.95. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,837 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider owned 207,417 shares in the company, valued at approximately $59,966,328.87. The trade was a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 92,585 shares of company stock worth $25,996,248 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on the company. Barclays boosted their price objective on Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. 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. Jefferies Financial Group set a $188.00 price target on Bloom Energy in a research report on Wednesday, July 29th. Robert W. Baird restated an “outperform” rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $335.00 target price on shares of Bloom Energy in a research note on Wednesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $246.18.
Read Our Latest Stock Analysis on Bloom Energy
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.
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