261,900 Shares in Bloom Energy Co. (NYSE:BE) Acquired by Flight Deck Capital LP

Flight Deck Capital LP bought a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 261,900 shares of the company's stock, valued at approximately $5,817,000. Bloom Energy accounts for about 6.5% of Flight Deck Capital LP's investment portfolio, making the stock its 10th biggest holding. Flight Deck Capital LP owned approximately 0.11% of Bloom Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BE. Vanguard Group Inc. grew its holdings in Bloom Energy by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after buying an additional 356,317 shares in the last quarter. Norges Bank purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $93,951,000. Fuller & Thaler Asset Management Inc. bought a new position in Bloom Energy during the fourth quarter valued at approximately $61,968,000. Legal & General Group Plc grew its position in Bloom Energy by 7.3% during the 4th quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after acquiring an additional 144,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bloom Energy by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after purchasing an additional 10,265 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,780 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total transaction of $54,821.60. Following the completion of the transaction, the insider now directly owns 152,890 shares in the company, valued at approximately $3,014,990.80. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 42,383 shares of Bloom Energy stock in a transaction dated 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 approximately $52,149,092.82. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,879 shares of company stock worth $1,023,690. 3.50% of the stock is owned by company insiders.

Bloom Energy Stock Performance

BE stock traded down $0.50 during midday trading on Thursday, reaching $19.75. The stock had a trading volume of 2,379,271 shares, compared to its average volume of 6,751,063. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy Co. has a 52-week low of $9.02 and a 52-week high of $29.83. The firm has a fifty day simple moving average of $19.60 and a two-hundred day simple moving average of $21.49. The stock has a market cap of $4.59 billion, a PE ratio of -35.27 and a beta of 3.25.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.10. The business had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The company's revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. As a group, equities research analysts anticipate that Bloom Energy Co. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BE. Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price objective 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. Mizuho upgraded Bloom Energy from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $28.00 to $26.00 in a research report on Monday, May 5th. Redburn Atlantic downgraded Bloom Energy from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $14.50 to $10.00 in a research report on Wednesday, April 9th. Finally, Susquehanna lowered their price target on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.47.

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.