Bloom Energy Co. (NYSE:BE) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its holdings in Bloom Energy Co. (NYSE:BE - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,678 shares of the company's stock after selling 31,038 shares during the quarter. Temasek Holdings Private Ltd owned about 0.12% of Bloom Energy worth $6,145,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 42,383 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $19.14, for a total value of $811,210.62. Following the transaction, the chief executive officer now directly owns 2,724,613 shares in the company, valued at $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. In the last quarter, insiders sold 54,375 shares of company stock worth $1,053,445. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BE has been the subject of several recent analyst reports. TD Cowen boosted their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, February 28th. HSBC raised shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. Finally, Susquehanna lowered their price target on shares of Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Bloom Energy has an average rating of "Moderate Buy" and an average price target of $22.97.

Bloom Energy Stock Down 4.6%

BE traded down $0.87 on Wednesday, reaching $18.24. The company's stock had a trading volume of 3,478,275 shares, compared to its average volume of 6,673,878. The stock has a 50 day moving average of $19.12 and a two-hundred day moving average of $21.81. 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 company has a market capitalization of $4.24 billion, a price-to-earnings ratio of -32.57 and a beta of 3.25. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week 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 the consensus estimate of ($0.07) by $0.10. The firm had revenue of $326.02 million during the quarter, compared to the consensus estimate 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 for the quarter was up 38.5% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. As a group, analysts forecast that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

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.