Bosun Asset Management LLC Makes New Investment in Bloom Energy Co. (NYSE:BE)

Bosun Asset Management LLC purchased a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,281 shares of the company's stock, valued at approximately $695,000.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Bloom Energy in the 3rd quarter valued at approximately $34,000. Franklin Resources Inc. lifted its stake in Bloom Energy by 62.4% during the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company's stock worth $1,314,000 after purchasing an additional 48,258 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Bloom Energy by 21.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company's stock valued at $226,000 after purchasing an additional 3,824 shares in the last quarter. GAMMA Investing LLC increased its stake 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 valued at $60,000 after purchasing an additional 569 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Bloom Energy by 2.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock worth $1,053,000 after buying an additional 1,000 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Truist Financial decreased their price target on shares of Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Redburn Atlantic downgraded shares of Bloom Energy from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. Susquehanna decreased their target price on shares of Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen increased their price target on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of "Moderate Buy" and an average price target of $22.34.

Bloom Energy Trading Up 2.0 %

Shares of NYSE:BE traded up $0.34 during mid-day trading on Friday, hitting $17.58. The company had a trading volume of 3,469,985 shares, compared to its average volume of 6,822,711. The company has a market capitalization of $4.05 billion, a PE ratio of -31.39 and a beta of 3.25. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. The firm has a fifty day moving average price of $19.83 and a 200 day moving average price of $21.28. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

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

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now owns 178,656 shares in the company, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.60% of the company's stock.

Bloom Energy Company Profile

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.