Joule Financial LLC Has $614,000 Stock Position in Bloom Energy Co. (NYSE:BE)

Joule Financial LLC increased its position in Bloom Energy Co. (NYSE:BE - Free Report) by 99.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,249 shares of the company's stock after buying an additional 15,598 shares during the quarter. Joule Financial LLC's holdings in Bloom Energy were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Udine Wealth Management Inc. bought a new position in Bloom Energy during the 1st quarter valued at $794,000. MRA Advisory Group purchased a new stake in shares of Bloom Energy during the first quarter valued at approximately $374,000. Chesley Taft & Associates LLC boosted its stake in shares of Bloom Energy by 27.7% during the first quarter. Chesley Taft & Associates LLC now owns 12,956 shares of the company's stock valued at $255,000 after purchasing an additional 2,807 shares during the period. Rhumbline Advisers lifted its position in shares of Bloom Energy by 2.8% in the 1st quarter. Rhumbline Advisers now owns 298,283 shares of the company's stock worth $5,864,000 after purchasing an additional 8,212 shares during the period. Finally, Parallel Advisors LLC lifted its position in Bloom Energy by 241.2% during the first quarter. Parallel Advisors LLC now owns 7,626 shares of the company's stock valued at $150,000 after buying an additional 5,391 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,496 shares of Bloom Energy stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.89, for a total transaction of $29,755.44. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the sale, the insider now owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,375 shares of company stock valued at $1,053,445. Company insiders own 3.60% of the company's stock.

Bloom Energy Stock Up 0.9%

BE stock traded up $0.20 during trading on Tuesday, reaching $21.63. The stock had a trading volume of 4,701,027 shares, compared to its average volume of 6,433,765. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -38.62 and a beta of 3.20. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company's 50 day moving average is $18.41 and its two-hundred day moving average is $22.13. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last posted its 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 firm 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 company's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS. Equities research analysts forecast that Bloom Energy Co. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna cut their price objective on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company 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. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research report on Monday, April 14th. Finally, Roth Mkm dropped their price target on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.97.

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.