Temasek Holdings Private Ltd Reduces Position in Bloom Energy Co. (NYSE:BE)

Temasek Holdings Private Ltd lowered its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure 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 period. Temasek Holdings Private Ltd owned 0.12% of Bloom Energy worth $6,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BE. Mainstream Capital Management LLC bought a new stake in Bloom Energy during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its stake in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after purchasing an additional 934 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after buying an additional 812 shares during the last quarter. Quarry LP acquired a new stake in Bloom Energy during the 4th quarter valued at $35,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of Bloom Energy during the 4th quarter worth about $40,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Stock Up 5.2%

Shares of NYSE:BE traded up $0.96 during trading on Friday, reaching $19.33. 2,223,150 shares of the stock traded hands, compared to its average volume of 6,606,840. Bloom Energy Co. has a 52-week low of $9.02 and a 52-week high of $29.83. The stock has a market cap of $4.49 billion, a P/E ratio of -34.52 and a beta of 3.25. The stock has a 50-day moving average of $19.01 and a two-hundred day moving average of $21.86. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36.

Bloom Energy (NYSE:BE - Get Free Report) last posted its 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. The business had revenue of $326.02 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) EPS. As a group, sell-side analysts expect that Bloom Energy Co. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

BE has been the subject of a number of recent research reports. Roth Mkm reduced 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 report on Wednesday, April 16th. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a research note on Friday, February 28th. Bank of America dropped their price target on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, January 28th. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $28.00 to $26.00 in a research report on Monday, May 5th. Finally, Robert W. Baird cut their target price on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.97.

Insider Buying and Selling

In other Bloom Energy news, 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 value of $811,210.62. Following 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 represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction dated 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 approximately $4,482,479.04. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,375 shares of company stock worth $1,053,445. 3.60% of the stock is owned by insiders.

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.