128,750 Shares in Bloom Energy Co. (NYSE:BE) Bought by Castleark Management LLC

Castleark Management LLC purchased a new stake 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 128,750 shares of the company's stock, valued at approximately $2,860,000. Castleark Management LLC owned about 0.06% of Bloom Energy at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Bloom Energy by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock valued at $427,194,000 after acquiring an additional 356,317 shares during the last quarter. Norges Bank acquired a new position in shares of Bloom Energy in the 4th quarter worth approximately $93,951,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Bloom Energy in the 4th quarter valued at $61,968,000. Legal & General Group Plc increased its position in shares of Bloom Energy by 7.3% during the fourth quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after buying an additional 144,616 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Bloom Energy by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after buying an additional 10,265 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 2,780 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $54,821.60. Following the completion of the transaction, the insider now directly owns 152,890 shares of the company's stock, valued at $3,014,990.80. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kr Sridhar sold 42,383 shares of Bloom Energy stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $19.14, for a total value of $811,210.62. Following the completion of the transaction, the chief executive officer now owns 2,724,613 shares of the company's stock, valued at approximately $52,149,092.82. This trade represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,375 shares of company stock valued at $1,053,445. Company insiders own 3.60% of the company's stock.

Bloom Energy Stock Down 4.6%

BE stock opened at $18.24 on Thursday. The stock has a market cap of $4.24 billion, a P/E ratio of -32.57 and a beta of 3.25. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The stock's fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $21.81. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping 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 company had revenue of $326.02 million for the quarter, compared to the consensus estimate of $294.27 million. During the same period in the previous year, the firm earned ($0.17) EPS. The firm's quarterly revenue was up 38.5% on a year-over-year basis. Analysts expect that Bloom Energy Co. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BE. Jefferies Financial Group decreased their price target on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Susquehanna lowered their target price on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a report on Monday, April 14th. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a research note on Friday, February 28th. HSBC raised Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $26.00 price objective on Bloom Energy in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Bloom Energy currently has an average rating of "Moderate Buy" and a consensus target price of $22.97.

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.

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