Dimensional Fund Advisors LP Acquires Shares of 114,352 Bloom Energy Co. (NYSE:BE)

Dimensional Fund Advisors LP bought a new stake in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 114,352 shares of the company's stock, valued at approximately $2,540,000. Dimensional Fund Advisors LP owned approximately 0.05% of Bloom Energy at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BE. Mainstream Capital Management LLC bought a new position in Bloom Energy in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC raised its stake 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 buying an additional 934 shares during the period. Jones Financial Companies Lllp raised its stake 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. Avior Wealth Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter valued at about $40,000. Finally, IFP Advisors Inc raised its stake in shares of Bloom Energy by 130.2% in the 4th quarter. IFP Advisors Inc now owns 3,914 shares of the company's stock valued at $87,000 after purchasing an additional 2,214 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Down 5.9%

Shares of BE traded down $1.19 during trading hours on Monday, hitting $18.92. The stock had a trading volume of 2,592,663 shares, compared to its average volume of 6,722,916. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The firm has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $21.79. The firm has a market capitalization of $4.39 billion, a P/E ratio of -33.79 and a beta of 3.25. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.10. The firm had revenue of $326.02 million for the quarter, compared to analysts' expectations of $294.27 million. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) EPS. Sell-side analysts predict that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

Insider Activity

In related news, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction 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 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 SEC, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,496 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.89, for a total value of $29,755.44. Following the transaction, the insider now owns 229,682 shares in the company, valued at $4,568,374.98. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,375 shares of company stock valued at $1,053,445 in the last 90 days. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

BE has been the subject of several analyst reports. Robert W. Baird decreased their price objective on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Roth Mkm decreased their price objective on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Hsbc Global Res upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. TD Cowen raised their price objective on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group reduced their price objective on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Two 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.47.

Bloom Energy 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.