Bloom Energy Co. (NYSE:BE) Holdings Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 98.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,380,034 shares of the company's stock after acquiring an additional 685,100 shares during the period. Two Sigma Advisers LP owned 0.60% of Bloom Energy worth $30,651,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Bloom Energy by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after purchasing an additional 356,317 shares during the last quarter. Norges Bank purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $93,951,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Bloom Energy in the 4th quarter worth $61,968,000. Legal & General Group Plc raised its position in shares of Bloom Energy by 7.3% in the 4th 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. boosted 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 acquiring an additional 10,265 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BE. Piper Sandler cut their price objective on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Jefferies Financial Group cut their price target on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird decreased their price objective on shares of Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. TD Cowen increased their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. Finally, Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and reduced their target price for the company from $28.00 to $26.00 in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Bloom Energy currently has an average rating of "Moderate Buy" and a consensus price target of $22.97.

Insider Activity

In other news, insider Aman Joshi sold 4,658 shares of Bloom Energy stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total value of $91,855.76. Following the completion of the transaction, the insider now directly owns 131,371 shares of the company's stock, valued at approximately $2,590,636.12. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 42,383 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $19.14, for a total transaction of $811,210.62. Following the sale, the chief executive officer now owns 2,724,613 shares in the company, valued at approximately $52,149,092.82. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,375 shares of company stock worth $1,053,445. 3.60% of the stock is currently owned by insiders.

Bloom Energy Stock Up 6.2%

Shares of BE traded up $1.13 during midday trading on Monday, hitting $19.50. The company had a trading volume of 5,067,047 shares, compared to its average volume of 6,636,837. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -34.82 and a beta of 3.25. The company's 50 day moving average price is $18.92 and its 200 day moving average price is $22.07. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a 52 week low of $9.02 and a 52 week high of $29.83.

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

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.