HighTower Advisors LLC Has $4.98 Million Stock Holdings in Bloom Energy Corporation $BE

HighTower Advisors LLC boosted its position in Bloom Energy Corporation (NYSE:BEFree Report) by 301.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 57,276 shares of the company’s stock after purchasing an additional 43,020 shares during the quarter. HighTower Advisors LLC’s holdings in Bloom Energy were worth $4,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC boosted its stake in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Orion Capital Management LLC boosted its stake in shares of Bloom Energy by 0.7% during the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after buying an additional 83 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock worth $501,000 after buying an additional 87 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Bloom Energy by 7.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after buying an additional 88 shares during the last quarter. Finally, Reliant Investment Management LLC boosted its stake in shares of Bloom Energy by 3.6% during the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock worth $222,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy News Summary

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

Bloom Energy Stock Down 1.1%

BE stock opened at $290.46 on Friday. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $82.62 billion, a PE ratio of -5,807.96 and a beta of 3.82. Bloom Energy Corporation has a 1-year low of $18.12 and a 1-year high of $322.83. The business’s 50 day simple moving average is $218.26 and its 200 day simple moving average is $159.36.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BE. Evercore restated an “outperform” rating and set a $179.00 price objective on shares of Bloom Energy in a research note on Friday, February 6th. BMO Capital Markets increased their price objective on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Bloom Energy to $267.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Roth Mkm set a $225.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Two research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average target price of $217.48.

Get Our Latest Stock Report on BE

Insiders Place Their Bets

In other Bloom Energy news, Director Mary K. Bush sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the completion of the sale, the director directly owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the sale, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,777 shares of company stock valued at $55,112,564 over the last 90 days. 3.00% of the stock is owned by insiders.

About Bloom Energy

(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.

Further Reading

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

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