During the third quarter, QRG Capital Management Inc. initiated a position in Bloom Energy Corporation by acquiring 4,083 shares valued at approximately $345,000, as reported in the company’s latest SEC filing. Several other institutions also established or expanded positions: N.E.W. Advisory Services LLC purchased stake worth $32,000; Elevation Point Wealth Partners LLC added $36,000; NewEdge Advisors LLC increased its holdings by 674.7%, ending with 1,867 shares valued at $37,000 after buying an additional 1,626 shares; Cranbrook Wealth Management LLC invested $39,000; and E Fund Management Hong Kong Co. Ltd. invested $42,000. Institutional and hedge fund ownership accounts for 77.04% of the company’s outstanding shares, underscoring significant interest from professional investors.

Equity analysts have recently updated their outlooks on Bloom Energy, with target prices ranging from $89.00 to $157.00. UBS Group raised its objective to $115.00 and maintained a buy recommendation; Mizuho set a $89.00 target; Susquehanna increased its objective to $157.00 with a positive rating; and BTIG Research lifted its target to $145.00 with a buy recommendation. One analyst rates the stock as a Strong Buy, ten as Buy, ten as Hold and three as Sell. Based on MarketBeat data, the consensus recommendation is Hold, with a mean target price of $100.57.

In its most recent quarter, Bloom Energy reported earnings per share of $0.15, beating consensus estimates by $0.07, and delivered revenue of $519.05 million, exceeding expectations by approximately $94 million and representing 57.1% year-over-year growth. The company’s market capitalization stands at $34.21 billion, with a trailing P/E ratio of 809.06, a P/E/G ratio of 12.26, beta of 3.01, debt-to-equity ratio of 1.98, current ratio of 4.40 and quick ratio of 2.88. Insider activity over the past ninety days includes the sale of 3,264 shares by Maciej Kurzymski at an average of $86.48 for proceeds of $282,271, and the sale of 1,583 shares by Shawn Marie Soderberg at an average of $105.97 for proceeds of $167,751. Together, insiders have sold 120,410 shares valued at $16,557,185, leaving corporate insiders with 3.60% ownership.