24,100 Shares in Bloom Energy Corporation (NYSE:BE) Acquired by Canton Hathaway LLC

Canton Hathaway LLC purchased a new position in Bloom Energy Corporation (NYSE:BE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,100 shares of the company's stock, valued at approximately $474,000.

A number of other large investors have also made changes to their positions in BE. ORG Wealth Partners LLC acquired a new position in shares of Bloom Energy during the first quarter valued at about $41,000. Lumbard & Kellner LLC increased its stake in Bloom Energy by 1.0% during the 1st quarter. Lumbard & Kellner LLC now owns 348,802 shares of the company's stock valued at $6,857,000 after purchasing an additional 3,430 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in shares of Bloom Energy by 113.2% in the first quarter. Mezzasalma Advisors LLC now owns 33,139 shares of the company's stock worth $652,000 after buying an additional 17,598 shares during the last quarter. M.E. Allison & CO. Inc. lifted its stake in shares of Bloom Energy by 59.3% during the first quarter. M.E. Allison & CO. Inc. now owns 51,030 shares of the company's stock worth $1,003,000 after buying an additional 19,000 shares during the period. Finally, Wesbanco Bank Inc. lifted its stake in shares of Bloom Energy by 37.4% during the first quarter. Wesbanco Bank Inc. now owns 147,000 shares of the company's stock worth $2,890,000 after buying an additional 40,000 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BE. Jefferies Financial Group reduced their target price on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada set a $26.00 price objective on Bloom Energy in a research note on Monday, April 14th. HSBC raised Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a report on Tuesday, April 8th. Truist Financial reduced their price target on shares of Bloom Energy from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, Piper Sandler decreased their price objective on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

Bloom Energy Price Performance

BE traded up $0.33 during trading on Tuesday, hitting $22.89. The company's stock had a trading volume of 4,606,793 shares, compared to its average volume of 6,258,271. The company has a current ratio of 3.44, a quick ratio of 2.39 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -457.71 and a beta of 3.21. The business's fifty day simple moving average is $19.27 and its 200 day simple moving average is $21.81. Bloom Energy Corporation has a twelve month low of $9.02 and a twelve month 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 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.10. The company had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. Bloom Energy had a net margin of 0.29% and a return on equity of 2.51%. The firm's revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS. On average, equities research analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Maciej Kurzymski sold 8,733 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $22.79, for a total value of $199,025.07. Following the completion of the transaction, the insider now directly owns 109,860 shares of the company's stock, valued at approximately $2,503,709.40. This represents a 7.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 1,496 shares of Bloom Energy stock in a transaction on Friday, May 16th. The stock was sold at an average price of $19.89, for a total transaction of $29,755.44. Following the sale, the insider now directly owns 229,682 shares in the company, valued at approximately $4,568,374.98. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,501 shares of company stock worth $1,236,191 in the last 90 days. Insiders own 3.50% of the company's stock.

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.