Genesis Financial Group LLC Acquires Shares of 16,250 Bloom Energy Corporation $BE

Genesis Financial Group LLC bought a new stake in Bloom Energy Corporation (NYSE:BE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,250 shares of the company’s stock, valued at approximately $1,412,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fifth Third Bancorp purchased a new position in Bloom Energy in the 3rd quarter valued at about $32,000. N.E.W. Advisory Services LLC purchased a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. Parkside Financial Bank & Trust raised its holdings in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $39,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Bloom Energy in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary S. Pinkus sold 1,250 shares of Bloom Energy stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.80, for a total transaction of $207,250.00. Following the transaction, the director owned 4,149 shares in the company, valued at $687,904.20. The trade was a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aman Joshi sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total transaction of $1,358,800.00. Following the transaction, the insider directly owned 180,521 shares in the company, valued at approximately $24,529,193.48. The trade was a 5.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 380,092 shares of company stock worth $62,724,725. 3.60% of the stock is currently owned by company insiders.

Bloom Energy Price Performance

BE stock opened at $135.40 on Friday. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $180.90. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The firm has a market capitalization of $37.99 billion, a PE ratio of -356.31, a price-to-earnings-growth ratio of 5.41 and a beta of 3.18. The business has a 50 day simple moving average of $150.78 and a 200-day simple moving average of $120.99.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup started coverage on Bloom Energy in a research report on Tuesday, February 24th. They set a “neutral” rating and a $162.00 price target for the company. Barclays initiated coverage on Bloom Energy in a report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective on the stock. Mizuho lifted their target price on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Truist Financial set a $68.00 target price on shares of Bloom Energy in a report on Friday, January 9th. Finally, Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.65.

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.