B & T Capital Management DBA Alpha Capital Management Takes Position in Bloom Energy Corporation (NYSE:BE)

B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,204 shares of the company's stock, valued at approximately $515,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after purchasing an additional 812 shares during the period. Quarry LP purchased a new position in shares of Bloom Energy in the 4th quarter valued at $35,000. ORG Wealth Partners LLC purchased a new position in shares of Bloom Energy in the 1st quarter valued at $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Bloom Energy in the 4th quarter valued at $49,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Bloom Energy by 47.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company's stock valued at $66,000 after acquiring an additional 1,081 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BE. UBS Group reiterated a "buy" rating on shares of Bloom Energy in a report on Wednesday, July 2nd. Robert W. Baird cut their price target on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Susquehanna cut their price target on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group cut their price target on Bloom Energy from $25.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, HSBC upgraded Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.97.

Bloom Energy Stock Performance

BE traded down $0.41 on Friday, reaching $25.44. 7,236,700 shares of the stock were exchanged, compared to its average volume of 6,280,383. The company's 50-day moving average price is $21.01 and its 200 day moving average price is $21.79. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.44 and a quick ratio of 2.39. The firm has a market capitalization of $5.91 billion, a PE ratio of -508.70 and a beta of 3.22.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. Bloom Energy had a return on equity of 2.51% and a net margin of 0.29%. The company had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The firm's revenue was up 38.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Aman Joshi sold 4,658 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $91,855.76. Following the completion of the transaction, the insider owned 131,371 shares of the company's stock, valued at $2,590,636.12. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 2,780 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total value of $54,821.60. Following the completion of the transaction, the insider directly owned 152,890 shares of the company's stock, valued at approximately $3,014,990.80. This trade represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,501 shares of company stock worth $1,236,191. 3.60% of the stock is currently owned by company insiders.

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.