Oppenheimer & Co. Inc. Has $611,000 Stock Holdings in Bloom Energy Corporation (NYSE:BE)

Oppenheimer & Co. Inc. lessened its position in Bloom Energy Corporation (NYSE:BE - Free Report) by 58.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,097 shares of the company's stock after selling 43,152 shares during the period. Oppenheimer & Co. Inc.'s holdings in Bloom Energy were worth $611,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BE. Smartleaf Asset Management LLC increased its holdings in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after acquiring an additional 934 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its holdings in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after acquiring an additional 812 shares during the period. Quarry LP acquired a new stake in shares of Bloom Energy in the 4th quarter worth about $35,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Bloom Energy in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Trading Up 7.4%

Shares of BE traded up $1.68 during midday trading on Friday, hitting $24.24. The stock had a trading volume of 4,391,006 shares, compared to its average volume of 4,784,119. Bloom Energy Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The business has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $21.73. The firm has a market cap of $5.63 billion, a P/E ratio of -484.70 and a beta of 3.22. The company has a current ratio of 3.44, a quick ratio of 2.39 and a debt-to-equity ratio of 2.07.

Bloom Energy (NYSE:BE - Get Free Report) last announced 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. Bloom Energy had a net margin of 0.29% and a return on equity of 2.51%. The company had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. During the same period last year, the company posted ($0.17) earnings per share. The business's revenue for the quarter was up 38.5% on a year-over-year basis. As a group, equities analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BE shares. Roth Mkm dropped their price objective 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. HSBC raised shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada set a $26.00 target price on shares of Bloom Energy in a research note on Monday, April 14th. Truist Financial lowered their target price on shares of Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Finally, Redburn Atlantic cut shares of Bloom Energy from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.97.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 2,038 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $19.73, for a total transaction of $40,209.74. Following the completion of the sale, the insider directly owned 176,618 shares in the company, valued at approximately $3,484,673.14. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 1,496 shares of the firm's stock in a transaction that occurred 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 owned 229,682 shares of the company's stock, valued at approximately $4,568,374.98. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,501 shares of company stock valued at $1,236,191 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

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.