CenterBook Partners LP Sells 52,135 Shares of Bloom Energy Corporation (NYSE:BE)

CenterBook Partners LP lessened its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 44.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,814 shares of the company's stock after selling 52,135 shares during the period. CenterBook Partners LP's holdings in Bloom Energy were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vision Financial Markets LLC purchased a new stake in shares of Bloom Energy in the first quarter valued at $39,000. Blair William & Co. IL boosted its holdings in Bloom Energy by 20.5% in the first quarter. Blair William & Co. IL now owns 15,809 shares of the company's stock valued at $311,000 after purchasing an additional 2,693 shares during the last quarter. SCP Investment LP purchased a new position in Bloom Energy in the first quarter valued at about $252,000. PNC Financial Services Group Inc. lifted its holdings in Bloom Energy by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,611 shares of the company's stock worth $248,000 after buying an additional 1,273 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in Bloom Energy by 484.7% during the 1st quarter. Jefferies Financial Group Inc. now owns 116,932 shares of the company's stock worth $2,299,000 after buying an additional 96,932 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Price Performance

Shares of BE stock traded up $0.70 during trading hours on Friday, hitting $25.01. The company had a trading volume of 4,993,269 shares, compared to its average volume of 7,086,628. Bloom Energy Corporation has a 12 month low of $9.02 and a 12 month high of $29.83. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of -500.10 and a beta of 3.22. The firm's fifty day moving average is $21.83 and its 200 day moving average is $21.86. The company has a debt-to-equity ratio of 2.07, a quick ratio of 2.39 and a current ratio of 3.44.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.10. The company had revenue of $326.02 million for the quarter, compared to analyst estimates of $294.27 million. Bloom Energy had a return on equity of 2.51% and a net margin of 0.29%. The company's revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BE has been the topic of several research analyst reports. Susquehanna lowered their price target on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Truist Financial decreased their target price on Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Mizuho upped their price target on shares of Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Hsbc Global Res upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, UBS Group reiterated a "buy" rating on shares of Bloom Energy in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of "Moderate Buy" and an average target price of $24.26.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,780 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total transaction of $54,821.60. Following the transaction, the insider owned 152,890 shares of the company's stock, valued at approximately $3,014,990.80. This represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aman Joshi sold 4,658 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $91,855.76. Following the transaction, the insider directly owned 131,371 shares in the company, valued at approximately $2,590,636.12. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,513 shares of company stock worth $1,261,765. 3.60% of the stock is owned by company 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.