Bloom Energy Corporation (NYSE:BE) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 54.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,669 shares of the company's stock after buying an additional 8,743 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Bloom Energy were worth $485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BE. Smartleaf Asset Management LLC lifted its stake in shares of 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 stake in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares during the last quarter. Quarry LP bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in shares of Bloom Energy in the first quarter worth approximately $41,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Bloom Energy in the fourth quarter worth approximately $49,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Trading Down 1.1%

BE traded down $0.29 during trading hours on Friday, reaching $25.56. The company's stock had a trading volume of 3,974,090 shares, compared to its average volume of 6,454,343. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The stock has a market cap of $5.94 billion, a PE ratio of -511.10 and a beta of 3.22. The business's 50-day moving average is $20.83 and its 200-day moving average is $21.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.44 and a quick ratio of 2.39.

Bloom Energy (NYSE:BE - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $294.27 million. During the same period in the prior year, the firm earned ($0.17) earnings per share. The firm's revenue was up 38.5% compared to the same quarter last year. As a group, equities research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 4,658 shares of the company's stock in a transaction on 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 owned 131,371 shares in the company, valued at $2,590,636.12. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Maciej Kurzymski sold 8,733 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $22.79, for a total transaction of $199,025.07. Following the completion of the transaction, the insider owned 109,860 shares of the company's stock, valued at $2,503,709.40. This represents a 7.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,501 shares of company stock valued at $1,236,191. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BE. Jefferies Financial Group reduced 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. Redburn Atlantic downgraded Bloom Energy from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $14.50 to $10.00 in a report on Wednesday, April 9th. Piper Sandler reduced 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. HSBC upgraded Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a report on Tuesday, April 8th. Finally, Truist Financial reduced their price objective on Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.97.

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.