Wellington Shields Capital Management LLC Sells 18,625 Shares of Bloom Energy Corporation $BE

Wellington Shields Capital Management LLC trimmed its stake in Bloom Energy Corporation (NYSE:BE) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,550 shares of the company’s stock after selling 18,625 shares during the period. Bloom Energy comprises about 2.1% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Wellington Shields Capital Management LLC’s holdings in Bloom Energy were worth $14,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BE. WPG Advisers LLC grew its position in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its position in 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 purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Bloom Energy in the 3rd quarter worth $32,000. Parkside Financial Bank & Trust boosted its position in shares of Bloom Energy by 250.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the sale, the insider owned 190,521 shares in the company, valued at $29,502,176.85. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the sale, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This represents a 9.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 325,271 shares of company stock valued at $65,167,479. Insiders own 3.00% of the company’s stock.

Bloom Energy Trading Down 0.1%

Shares of BE stock opened at $302.26 on Tuesday. Bloom Energy Corporation has a 12-month low of $17.85 and a 12-month high of $322.83. The company has a market capitalization of $85.97 billion, a P/E ratio of -6,043.97 and a beta of 3.82. The firm has a 50-day moving average price of $209.88 and a 200 day moving average price of $156.03. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The firm had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period last year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Research analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BE. Roth Mkm set a $225.00 target price on shares of Bloom Energy in a research report on Wednesday, April 29th. Evercore reiterated an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Royal Bank Of Canada lifted their target price on shares of Bloom Energy to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.48.

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.