Bloom Energy Co. (NYSE:BE) Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Bloom Energy Co. (NYSE:BE - Free Report) by 306.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,383,897 shares of the company's stock after purchasing an additional 1,043,326 shares during the period. Wellington Management Group LLP owned about 0.60% of Bloom Energy worth $30,736,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. SeaBridge Investment Advisors LLC purchased a new position in Bloom Energy during the fourth quarter worth approximately $251,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Bloom Energy by 184.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after buying an additional 262,247 shares in the last quarter. Elemental Capital Partners LLC purchased a new position in Bloom Energy during the fourth quarter worth approximately $33,612,000. Strategic Financial Concepts LLC purchased a new position in Bloom Energy during the fourth quarter worth approximately $495,000. Finally, Mezzasalma Advisors LLC purchased a new position in Bloom Energy during the fourth quarter worth approximately $345,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,496 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.89, for a total value of $29,755.44. Following the transaction, the insider now owns 229,682 shares of the company's stock, valued at $4,568,374.98. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,375 shares of company stock worth $1,053,445 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Bloom Energy Trading Down 0.5%

Shares of BE traded down $0.10 during trading hours on Wednesday, hitting $20.31. The stock had a trading volume of 2,824,553 shares, compared to its average volume of 6,461,863. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market cap of $4.72 billion, a P/E ratio of -36.27 and a beta of 3.25. The company's fifty day simple moving average is $18.34 and its 200 day simple moving average is $22.24. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly 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 firm had revenue of $326.02 million during the quarter, compared to the consensus estimate of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The firm's quarterly revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) EPS. Equities research analysts forecast that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BE shares. Roth Mkm reduced their price objective 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. Mizuho raised Bloom Energy from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $28.00 to $26.00 in a research note on Monday, May 5th. Royal Bank of Canada set a $26.00 target price on Bloom Energy in a research note on Monday, April 14th. Jefferies Financial Group cut their target price on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, Robert W. Baird cut their target price on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.97.

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.