Janney Montgomery Scott LLC purchased a new position in Bloom Energy Co. (NYSE:BE – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,855 shares of the company's stock, valued at approximately $277,000.
Other large investors have also bought and sold shares of the company. Resolute Advisors LLC acquired a new stake in Bloom Energy in the second quarter worth $28,000. Quantbot Technologies LP lifted its stake in shares of Bloom Energy by 27.8% in the first quarter. Quantbot Technologies LP now owns 4,673 shares of the company's stock valued at $112,000 after buying an additional 1,017 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Bloom Energy in the first quarter valued at $123,000. Strs Ohio lifted its stake in shares of Bloom Energy by 45.7% in the second quarter. Strs Ohio now owns 6,700 shares of the company's stock valued at $110,000 after buying an additional 2,100 shares in the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of Bloom Energy in the third quarter valued at $156,000. 79.55% of the stock is currently owned by institutional investors and hedge funds.
Get Bloom Energy alerts:Insider Buying and Selling at Bloom Energy
In other Bloom Energy news, CMO Sharelynn Faye Moore sold 3,963 shares of Bloom Energy stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $25.00, for a total value of $99,075.00. Following the transaction, the chief marketing officer now owns 78,954 shares in the company, valued at $1,973,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Bloom Energy news, CEO Kr Sridhar sold 7,424 shares of Bloom Energy stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $21.45, for a total value of $159,244.80. Following the transaction, the chief executive officer now owns 474,514 shares in the company, valued at $10,178,325.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Sharelynn Faye Moore sold 3,963 shares of Bloom Energy stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $25.00, for a total value of $99,075.00. Following the completion of the transaction, the chief marketing officer now owns 78,954 shares in the company, valued at approximately $1,973,850. The disclosure for this sale can be found here. Insiders have sold 65,387 shares of company stock worth $1,483,766 over the last quarter. Insiders own 2.78% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on BE shares. JPMorgan Chase & Co. lowered their price objective on shares of Bloom Energy from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, October 20th. Truist Financial lowered their price objective on shares of Bloom Energy from $31.00 to $20.00 and set a "hold" rating for the company in a report on Tuesday, October 18th. Wells Fargo & Company lowered shares of Bloom Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $27.00 to $22.00 in a report on Friday, January 6th. BMO Capital Markets lowered their price target on shares of Bloom Energy from $24.00 to $23.00 and set a "market perform" rating for the company in a report on Friday, November 4th. Finally, UBS Group assumed coverage on shares of Bloom Energy in a research report on Tuesday, December 13th. They set a "buy" rating and a $35.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $29.93.Bloom Energy Stock Performance
BE stock opened at $24.77 on Friday. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.46 and a quick ratio of 1.81. The business has a 50-day moving average price of $21.37 and a 200 day moving average price of $21.40. The company has a market capitalization of $4.83 billion, a P/E ratio of -15.38 and a beta of 2.84. Bloom Energy Co. has a 1-year low of $11.47 and a 1-year high of $31.47.
Bloom Energy (NYSE:BE – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The firm had revenue of $292.27 million during the quarter, compared to the consensus estimate of $277.53 million. Bloom Energy had a negative net margin of 26.65% and a negative return on equity of 80,741.48%. As a group, equities research analysts forecast that Bloom Energy Co. will post -1.15 EPS for the current fiscal year.
Bloom Energy Company Profile
(Get Rating)
Bloom Energy Corp. engages in the manufacture and installation of on-site distributed power generators. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann and Dien Nguyen on January 18, 2001 and is headquartered in San Jose, CA.
Featured Stories
- Get a free copy of the StockNews.com research report on Bloom Energy (BE)
- Does Oil Services Firm NOV Have Enough Energy To Maintain Rally?
- Shopify Clears Cup-With-Handle Base: Can Momentum Continue?
- Chevron Delights Shareholders with $75 Billion in Share Buybacks
- The Future Of E-Commerce: Analysis And New Data
- Levi Strauss Is A Good Fit For Income Investors
Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Co. (NYSE:BE – Get Rating).
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.