Captrust Financial Advisors Has $2.80 Million Stake in Bloom Energy Co. (NYSE:BE)

Captrust Financial Advisors lessened its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,206 shares of the company's stock after selling 43,807 shares during the period. Captrust Financial Advisors owned 0.06% of Bloom Energy worth $2,803,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and cut their price target for the company from $28.00 to $26.00 in a report on Monday, May 5th. Piper Sandler reduced their target price on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Royal Bank of Canada set a $26.00 target price on Bloom Energy in a research report on Monday, April 14th. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Redburn Atlantic cut Bloom Energy from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.47.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the sale, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kr Sridhar sold 42,383 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $19.14, for a total value of $811,210.62. Following the transaction, the chief executive officer now owns 2,724,613 shares of the company's stock, valued at $52,149,092.82. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,879 shares of company stock worth $1,023,690 over the last three months. Company insiders own 3.50% of the company's stock.

Bloom Energy Stock Performance

Bloom Energy stock traded down $0.44 on Thursday, reaching $19.81. 4,101,720 shares of the stock were exchanged, compared to its average volume of 6,770,668. The stock has a market cap of $4.60 billion, a PE ratio of -35.37 and a beta of 3.25. The firm has a fifty day moving average price of $19.60 and a two-hundred day moving average price of $21.49. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share 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 firm had revenue of $326.02 million during the quarter, compared to the consensus estimate of $294.27 million. During the same period in the prior year, the firm earned ($0.17) EPS. The business's revenue was up 38.5% on a year-over-year basis. Sell-side analysts anticipate that Bloom Energy Co. will post -0.23 EPS for the current year.

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.