Janus Henderson Group PLC Trims Position in Bloom Energy Co. (NYSE:BE)

Janus Henderson Group PLC reduced its holdings in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 95.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 85,947 shares of the company's stock after selling 1,962,000 shares during the period. Janus Henderson Group PLC's holdings in Bloom Energy were worth $1,913,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System grew its position in Bloom Energy by 1.3% during the 4th quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock worth $1,324,000 after purchasing an additional 759 shares during the last quarter. Jones Financial Companies Lllp grew its position in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after purchasing an additional 812 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after purchasing an additional 934 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in Bloom Energy during the 4th quarter worth $28,000. Finally, Quarry LP purchased a new position in Bloom Energy during the 4th quarter worth $35,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

BE traded up $0.30 during midday trading on Tuesday, reaching $19.78. 4,048,131 shares of the company's stock were exchanged, compared to its average volume of 6,610,706. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The stock has a market capitalization of $4.59 billion, a PE ratio of -35.32 and a beta of 3.25. The business's 50-day moving average price is $18.71 and its 200 day moving average price is $22.10. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The company had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) earnings per share. As a group, equities analysts anticipate that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BE. Roth Mkm lowered their target price on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. Jefferies Financial Group lowered their target price on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Piper Sandler lowered their target price on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Bloom Energy currently has an average rating of "Moderate Buy" and an average target price of $22.97.

Insiders Place Their Bets

In related news, CEO Kr Sridhar sold 42,383 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $19.14, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 1,496 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $19.89, for a total transaction of $29,755.44. Following the transaction, the insider now directly owns 229,682 shares in the company, valued at $4,568,374.98. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,375 shares of company stock worth $1,053,445. Insiders own 3.60% of the company's stock.

Bloom Energy 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.