Flaharty Asset Management LLC Buys Shares of 2,800 Bloom Energy Corporation $BE

Flaharty Asset Management LLC bought a new stake in Bloom Energy Corporation (NYSE:BEFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,800 shares of the company’s stock, valued at approximately $243,000.

Other large investors have also modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in shares of Bloom Energy in the third quarter valued at about $1,825,000. Meridian Wealth Management LLC purchased a new position in Bloom Energy during the third quarter worth about $553,000. Straight Path Wealth Management acquired a new stake in Bloom Energy in the third quarter valued at about $1,099,000. Strs Ohio lifted its position in Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after purchasing an additional 8,200 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Bloom Energy in the third quarter valued at about $1,985,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity

In related news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the transaction, the director owned 108,524 shares of the company’s stock, valued at approximately $28,971,567.04. The trade was a 18.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 4,813 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the completion of the transaction, the insider owned 175,708 shares in the company, valued at approximately $50,639,045.60. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 525,271 shares of company stock worth $99,167,479 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Trending Headlines about Bloom Energy

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BE shares. Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised their price target on Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group increased their price objective on Bloom Energy to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, China Renaissance initiated coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.48.

Check Out Our Latest Stock Analysis on Bloom Energy

Bloom Energy Stock Performance

NYSE BE opened at $282.33 on Thursday. The business has a 50 day moving average price of $201.03 and a 200 day moving average price of $152.45. The company has a market capitalization of $80.30 billion, a P/E ratio of -5,645.37 and a beta of 3.82. Bloom Energy Corporation has a 1-year low of $17.01 and a 1-year high of $310.00. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

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

Bloom Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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