53,753 Shares in Bloom Energy Co. (NYSE:BE) Acquired by BROOKFIELD Corp ON

BROOKFIELD Corp ON purchased a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 53,753 shares of the company's stock, valued at approximately $1,194,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock worth $60,000 after acquiring an additional 569 shares during the period. Arizona State Retirement System grew its holdings in Bloom Energy by 1.3% in the 4th quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock worth $1,324,000 after buying an additional 759 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after acquiring an additional 812 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after acquiring an additional 934 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Bloom Energy by 2.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock valued at $1,053,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Up 2.0 %

BE stock traded up $0.34 during mid-day trading on Friday, hitting $17.58. The stock had a trading volume of 3,469,985 shares, compared to its average volume of 6,822,711. The company has a fifty day moving average of $19.93 and a 200 day moving average of $21.22. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.39 and a beta of 3.25. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.10. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The company had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The business's quarterly revenue was up 38.5% compared to the same quarter last year. On average, equities analysts expect that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BE has been the topic of a number of recent analyst reports. Roth Mkm dropped their price target on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price target on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Truist Financial cut their price target on shares of Bloom Energy from $22.00 to $19.00 and set a "hold" rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Bloom Energy has a consensus rating of "Moderate Buy" and a consensus target price of $22.34.

Insider Buying and Selling

In related news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the transaction, the insider now owns 178,656 shares of the company's stock, valued at $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by insiders.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.