Huntleigh Advisors Inc. Makes New Investment in Bloom Energy Corporation $BE

Key Points

• Huntleigh Advisors established a new position of 9,052 shares in Bloom Energy during Q3, valued at roughly $766,000, as institutional investors now own 77.04% of the company.
• Bloom Energy beat Q3 expectations with $0.15 EPS vs. $0.08 consensus and revenue of $519.05M (up 57.1% year-over-year), though sell-side analysts expect -$0.23 EPS for the current fiscal year.
• Insiders have sold 120,410 shares (~$16.56M) in the past 90 days; the stock trades around $150.50 (market cap ~$35.6B) while the MarketBeat consensus rating is a Hold with a $100.57 target.

Huntleigh Advisors Inc. bought a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,052 shares of the company's stock, valued at approximately $766,000.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its position in Bloom Energy by 3.3% in the 3rd quarter. CWM LLC now owns 5,111 shares of the company's stock valued at $432,000 after purchasing an additional 162 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of Bloom Energy by 0.3% in the second quarter. Prospera Financial Services Inc now owns 95,532 shares of the company's stock valued at $2,285,000 after purchasing an additional 313 shares during the period. GAMMA Investing LLC raised its holdings in shares of Bloom Energy by 14.1% during the third quarter. GAMMA Investing LLC now owns 2,708 shares of the company's stock valued at $229,000 after buying an additional 335 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Bloom Energy during the third quarter worth approximately $32,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Bloom Energy by 2.1% during the second quarter. Ameritas Investment Partners Inc. now owns 20,917 shares of the company's stock worth $500,000 after buying an additional 425 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy Trading Down 0.8%

Shares of BE stock opened at $150.50 on Thursday. The stock has a 50-day simple moving average of $106.78 and a 200 day simple moving average of $82.37. The stock has a market capitalization of $35.59 billion, a P/E ratio of 843.06, a P/E/G ratio of 12.78 and a beta of 3.01. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $155.87. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The company had revenue of $519.05 million during the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the company earned ($0.01) EPS. Bloom Energy's revenue was up 57.1% on a year-over-year basis. On average, sell-side analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Maciej Kurzymski sold 3,264 shares of the firm's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares of the company's stock, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total value of $2,860,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,410 shares of company stock valued at $16,557,185 in the last ninety days. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BE has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Bloom Energy to $129.00 and gave the company an "overweight" rating in a research report on Wednesday, October 29th. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 29th. Oppenheimer reaffirmed a "market perform" rating on shares of Bloom Energy in a report on Wednesday, October 29th. Robert W. Baird set a $157.00 target price on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, BMO Capital Markets set a $136.00 price target on shares of Bloom Energy in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $100.57.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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