Reliant Investment Management LLC Acquires New Shares in Bloom Energy Corporation $BE

Reliant Investment Management LLC acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,938 shares of the company’s stock, valued at approximately $814,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bloom Energy by 78.3% during 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 purchasing an additional 583,135 shares in the last quarter. Jennison Associates LLC lifted its stake 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 valued at $364,066,000 after purchasing an additional 2,673,710 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 126,649 shares during the period. Bank of New York Mellon Corp purchased a new stake in Bloom Energy during the second quarter worth $296,413,000. Finally, Elemental Capital Partners LLC boosted its holdings in Bloom Energy by 2.5% during the third quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock worth $287,791,000 after buying an additional 25,625 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BE. BTIG Research restated a “buy” rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Barclays upped their price objective on shares of Bloom Energy from $276.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 1st. UBS Group increased their target price on shares of Bloom Energy from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Mizuho raised their target price on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.18.

Insider Transactions at Bloom Energy

In related news, insider Shawn Soderberg sold 2,870 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total value of $775,100.90. Following the completion of the sale, the insider owned 126,500 shares of the company’s stock, valued at approximately $34,163,855. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total transaction of $616,023.90. Following the transaction, the chief accounting officer directly owned 77,391 shares in the company, valued at approximately $20,773,292.22. The trade was a 2.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,698 shares of company stock worth $21,780,758 in the last ninety days. Company insiders own 3.00% of the company’s stock.

More Bloom Energy News

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

• Positive Sentiment: Oracle support for Project Jupiter: Oracle reaffirmed Bloom Energy’s role in Project Jupiter, strengthening the case that Bloom could benefit from rising demand for on-site power infrastructure for data centers. Roth Capital raised its price target to $260 from $225, citing improving market acceptance ahead of Bloom’s third-quarter results. BE Stock Rises Overnight After Oracle Reaffirms Project Jupiter Role
• Positive Sentiment: Potential undervaluation based on future cash flow: One analysis argues Bloom may be about 34% undervalued following the Jersey Patch deal, provided the company can convert its expected growth into sustained cash generation. Bloom Energy Stock May Be 34% Undervalued After Jersey Patch Deal
• Neutral Sentiment: Growth expectations remain central: Commentary focused on whether Bloom can scale profits fast enough to justify its premium valuation. Shares trade at roughly 177.5 times adjusted trailing earnings in one analysis, while the company’s reported valuation metrics also reflect exceptionally high growth expectations. What Are Bloom Energy Investors Betting On?
• Negative Sentiment: Oil and inflation concerns pressured the stock: Crude oil’s rise and a hotter inflation reading revived fears that U.S. interest rates will remain elevated. Higher rates typically weigh on high-growth, capital-intensive data-center infrastructure companies such as Bloom Energy. Bloom Energy Stock Slides Amid High Oil Prices and Inflation Woes

Bloom Energy Stock Down 9.4%

Bloom Energy stock opened at $238.80 on Thursday. The stock has a market capitalization of $70.33 billion, a PE ratio of 318.40, a price-to-earnings-growth ratio of 3.39 and a beta of 3.77. Bloom Energy Corporation has a 12 month low of $75.70 and a 12 month high of $351.28. The business has a 50 day simple moving average of $249.11 and a 200-day simple moving average of $245.54. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s quarterly revenue was up 165.5% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, analysts anticipate that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.