Twinbeech Capital LP Makes New $8.90 Million Investment in Bloom Energy Co. (NYSE:BE)

Twinbeech Capital LP acquired a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 400,483 shares of the company's stock, valued at approximately $8,895,000. Twinbeech Capital LP owned approximately 0.18% of Bloom Energy as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BE. Norges Bank acquired a new position in shares of Bloom Energy in the 4th quarter valued at $93,951,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Bloom Energy in the 4th quarter valued at $61,968,000. Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy during the 4th quarter worth about $33,612,000. Trivest Advisors Ltd acquired a new stake in shares of Bloom Energy during the 4th quarter worth about $30,539,000. Finally, Wellington Management Group LLP increased its position in shares of Bloom Energy by 306.3% during the 4th quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock worth $30,736,000 after purchasing an additional 1,043,326 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BE shares. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Tuesday, April 8th. Susquehanna dropped their target price on shares of Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a research report on Monday, April 14th. BMO Capital Markets reiterated a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. Jefferies Financial Group dropped their target price on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, TD Cowen increased their target price on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.97.

Bloom Energy Trading Up 6.2%

Shares of NYSE BE traded up $1.13 during mid-day trading on Friday, hitting $19.50. The company's stock had a trading volume of 5,067,047 shares, compared to its average volume of 6,636,837. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of -34.82 and a beta of 3.25. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. The company's fifty day simple moving average is $18.92 and its 200-day simple moving average is $21.99.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.10. The company had revenue of $326.02 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. On average, sell-side analysts anticipate that Bloom Energy Co. will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Aman Joshi sold 4,658 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total value of $91,855.76. Following the sale, the insider now directly owns 131,371 shares in the company, valued at $2,590,636.12. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kr Sridhar sold 42,383 shares of the 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 completion of the sale, the chief executive officer now owns 2,724,613 shares in the company, valued at $52,149,092.82. This represents a 1.53% 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. 3.60% of the stock is currently owned by insiders.

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.