Emerald Mutual Fund Advisers Trust Grows Stock Position in Bloom Energy Co. (NYSE:BE)

Emerald Mutual Fund Advisers Trust boosted its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 2,944.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,648 shares of the company's stock after buying an additional 207,598 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.09% of Bloom Energy worth $4,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BE. Quarry LP bought a new position in Bloom Energy in the fourth quarter worth about $35,000. Susquehanna Fundamental Investments LLC purchased a new position in Bloom Energy in the fourth quarter worth $3,328,000. Monolith Management Ltd acquired a new position in shares of Bloom Energy during the fourth quarter worth $2,821,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $61,968,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bloom Energy by 11.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 144,890 shares of the company's stock worth $3,219,000 after purchasing an additional 14,707 shares in the last quarter. Institutional investors own 77.04% of the company's stock.

Bloom Energy Trading Down 1.8 %

BE stock traded down $0.31 during mid-day trading on Friday, hitting $16.50. 9,809,057 shares of the company were exchanged, compared to its average volume of 6,826,882. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $3.80 billion, a P/E ratio of -29.46 and a beta of 3.27. The business has a fifty day simple moving average of $20.59 and a 200-day simple moving average of $21.00. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The company's revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.17) earnings per share. On average, equities research analysts predict that Bloom Energy Co. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on BE. Mizuho started coverage on Bloom Energy in a report on Tuesday, March 18th. They issued a "neutral" rating and a $28.00 price target for the company. Susquehanna cut their target price on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. 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 research note on Wednesday, April 16th. Roth Mkm decreased their target price on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Redburn Atlantic lowered shares of Bloom Energy from a "neutral" rating to a "sell" rating and dropped their price target for the company from $14.50 to $10.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.71.

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 1,020 shares of the firm'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 sale, the insider now owns 178,656 shares of the company's stock, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.81% of the company's stock.

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.