Bloom Energy Corporation $BE Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its holdings in Bloom Energy Corporation (NYSE:BE) by 3,114.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,050 shares of the company’s stock after purchasing an additional 3,924 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Bloom Energy were worth $1,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BE. Jennison Associates LLC raised its holdings in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after buying an additional 2,673,710 shares in the last quarter. Bank of America Corp DE boosted its stake in Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock valued at $299,688,000 after buying an additional 126,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bloom Energy by 78.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares in the last quarter. Elemental Capital Partners LLC boosted its stake in Bloom Energy by 2.5% in the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after buying an additional 25,625 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Bloom Energy in the second quarter valued at $296,413,000. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 2,870 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $270.06, for a total transaction of $775,072.20. Following the transaction, the insider owned 202,494 shares in the company, valued at $54,685,529.64. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aman Joshi sold 8,437 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $277.17, for a total transaction of $2,338,483.29. Following the sale, the insider directly owned 147,092 shares in the company, valued at approximately $40,769,489.64. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 85,859 shares of company stock valued at $20,994,650 over the last three months. Company insiders own 3.00% of the company’s stock.

Bloom Energy Trading Up 0.1%

Shares of BE opened at $173.35 on Monday. The stock has a fifty day moving average price of $246.00 and a two-hundred day moving average price of $220.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a market cap of $51.25 billion, a price-to-earnings ratio of 106.35, a PEG ratio of 1.75 and a beta of 3.63.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business’s revenue was up 138.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Bloom Energy News Roundup

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

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

Analyst Ratings Changes

BE has been the subject of several recent analyst reports. BMO Capital Markets lowered Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 3rd. Robert W. Baird boosted their target price on shares of Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Morgan Stanley boosted their target price on shares of Bloom Energy from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Roth Capital set a $230.00 target price on shares of Bloom Energy in a report on Friday, October 23rd. Finally, Mizuho increased their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $263.05.

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.