54,111 Shares in Bloom Energy Co. (NYSE:BE) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 54,111 shares of the company's stock, valued at approximately $1,202,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after buying an additional 934 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of Bloom Energy in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its position in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after buying an additional 812 shares during the last quarter. Quarry LP purchased a new position in shares of Bloom Energy during the fourth quarter valued at approximately $35,000. Finally, Avior Wealth Management LLC bought a new stake in Bloom Energy during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Bloom Energy Trading Up 2.0 %

Shares of BE stock traded up $0.34 on Friday, hitting $17.58. 3,469,985 shares of the stock traded hands, compared to its average volume of 6,822,711. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. The stock has a market capitalization of $4.05 billion, a PE ratio of -31.39 and a beta of 3.25. The firm's 50-day moving average price is $19.83 and its two-hundred day moving average price is $21.36. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The business had revenue of $326.02 million during the quarter, compared to the consensus estimate 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 revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) EPS. As a group, analysts anticipate that Bloom Energy Co. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

BE has been the subject of several recent research reports. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada set a $26.00 target price on Bloom Energy in a research note on Monday, April 14th. Redburn Atlantic cut shares of Bloom Energy from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $14.50 to $10.00 in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.47.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 1,020 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.