Rakuten Securities Inc. Increases Holdings in Bloom Energy Corporation $BE
by Kim Johansen · The Markets DailyRakuten Securities Inc. boosted its stake in Bloom Energy Corporation (NYSE:BE – Free Report) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,690 shares of the company’s stock after purchasing an additional 3,216 shares during the period. Rakuten Securities Inc.’s holdings in Bloom Energy were worth $668,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. lifted its stake in shares of Bloom Energy by 1.6% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 34,466 shares of the company’s stock worth $2,995,000 after purchasing an additional 536 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Bloom Energy by 169.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,859 shares of the company’s stock worth $162,000 after buying an additional 1,169 shares during the period. WPG Advisers LLC grew its stake in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Bloom Energy during the 4th quarter valued at about $457,000. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Bloom Energy during the 4th quarter valued at about $1,217,000. 77.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BE shares. Robert W. Baird upped their price target on Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Truist Financial set a $68.00 price target on shares of Bloom Energy in a report on Friday, January 9th. Finally, Barclays began coverage on shares of Bloom Energy in a research note on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.86.
Get Our Latest Report on Bloom Energy
Insider Activity at Bloom Energy
In related news, insider Satish Chitoori sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the sale, the insider directly owned 212,365 shares of the company’s stock, valued at $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $225.13, for a total transaction of $5,628,250.00. Following the transaction, the insider owned 140,732 shares in the company, valued at $31,682,995.16. This trade represents a 15.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 455,092 shares of company stock worth $78,564,475 over the last three months. 3.60% of the stock is owned by corporate insiders.
Bloom Energy Trading Up 3.6%
Shares of BE opened at $237.99 on Friday. Bloom Energy Corporation has a one year low of $16.05 and a one year high of $241.60. The stock has a 50-day moving average price of $161.80 and a 200 day moving average price of $132.27. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The company has a market capitalization of $66.77 billion, a P/E ratio of -626.28, a P/E/G ratio of 9.23 and a beta of 3.18.
Bloom Energy (NYSE:BE – Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the business earned $0.43 EPS. Bloom Energy’s revenue for the quarter was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 1 EPS for the current fiscal year.
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.
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