Udine Wealth Management Inc. Purchases Shares of 40,397 Bloom Energy Co. (NYSE:BE)

Udine Wealth Management Inc. acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,397 shares of the company's stock, valued at approximately $794,000. Bloom Energy makes up 0.5% of Udine Wealth Management Inc.'s holdings, making the stock its 28th biggest holding.

Several other large investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 934 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 812 shares during the last quarter. Quarry LP acquired a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $35,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Bloom Energy during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Stock Up 0.9%

BE 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 current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The stock's 50 day moving average is $18.41 and its two-hundred day moving average is $22.13. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -38.62 and a beta of 3.20. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. The company had revenue of $326.02 million during 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%. Bloom Energy's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. As a group, analysts expect that Bloom Energy Co. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BE. Jefferies Financial Group dropped their target price on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Susquehanna dropped their target price on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a report on Monday, April 14th. Piper Sandler dropped their target price on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Redburn Atlantic downgraded Bloom Energy from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $14.50 to $10.00 in a report on Wednesday, April 9th. Finally, Roth Mkm decreased their price target on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Two investment 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 stock. 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

In other news, insider Aman Joshi sold 4,658 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total transaction of $91,855.76. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now owns 178,656 shares of the company's stock, valued at $4,482,479.04. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,375 shares of company stock worth $1,053,445 in the last three months. 3.60% of the stock is owned by corporate insiders.

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.