Stephens Investment Management Group LLC Takes Position in Bloom Energy Corporation $BE

Key Points

• Stephens Investment Management Group opened a new position in Bloom Energy, acquiring 494,427 shares (~$41.8M)0.21% of the company; institutional investors now own roughly 77.04% of the stock.
• Bloom beat Q3 estimates with $0.15 EPS vs. $0.08 expected and revenue of $519.1M (+57.1% YoY), and the stock jumped ~7.3% to trade near its 12‑month high (~$150) despite a very high trailing P/E (~773) and $35.3B market cap.
• Insiders have been net sellers (120,410 shares worth ~$16.56M sold last quarter), while analysts' consensus is a "Hold" with an average price target of $96, well below the current share price.

Stephens Investment Management Group LLC acquired a new position in Bloom Energy Corporation (NYSE:BE - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 494,427 shares of the company's stock, valued at approximately $41,814,000. Stephens Investment Management Group LLC owned 0.21% of Bloom Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BE. N.E.W. Advisory Services LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $32,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Bloom Energy in the 3rd quarter valued at about $42,000. ORG Partners LLC acquired a new position in Bloom Energy in the third quarter valued at about $49,000. Finally, CoreCap Advisors LLC purchased a new position in Bloom Energy during the third quarter worth about $102,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Stock Up 7.3%

Shares of NYSE:BE opened at $149.30 on Friday. The firm has a market cap of $35.31 billion, a PE ratio of 773.17, a price-to-earnings-growth ratio of 11.72 and a beta of 3.01. The company has a fifty day simple moving average of $105.62 and a 200 day simple moving average of $79.32. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $150.84.

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

Insider Activity at Bloom Energy

In other Bloom Energy news, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $143.04, for a total value of $2,860,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary K. Bush sold 36,000 shares of the business's stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the sale, the director owned 133,524 shares of the company's stock, valued at approximately $19,069,897.68. The trade was a 21.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,410 shares of company stock worth $16,557,185 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BE shares. Daiwa Capital Markets set a $98.00 price target on shares of Bloom Energy in a research note on Tuesday, December 2nd. Truist Financial set a $68.00 target price on shares of Bloom Energy in a report on Friday, January 9th. BMO Capital Markets set a $136.00 price target on Bloom Energy in a research note on Wednesday, October 29th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $53.00 price objective on shares of Bloom Energy in a research note on Friday, October 31st. Finally, Wedbush set a $39.00 price objective on Bloom Energy in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $96.00.

About Bloom Energy

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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