Bloom Energy Co. (NYSE:BE) Shares Sold by JAT Capital Mgmt LP

JAT Capital Mgmt LP lowered its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 86.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 308,490 shares of the company's stock after selling 1,890,484 shares during the quarter. Bloom Energy makes up approximately 1.1% of JAT Capital Mgmt LP's holdings, making the stock its 23rd biggest holding. JAT Capital Mgmt LP owned approximately 0.13% of Bloom Energy worth $6,852,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BE. GAMMA Investing LLC grew its holdings in Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after purchasing an additional 569 shares during the period. Arizona State Retirement System increased its holdings in shares of Bloom Energy by 1.3% during the 4th quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock worth $1,324,000 after buying an additional 759 shares during the last quarter. Jones Financial Companies Lllp increased its holdings 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. Smartleaf Asset Management LLC raised its position in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after buying an additional 934 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Bloom Energy by 2.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock valued at $1,053,000 after acquiring an additional 1,000 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total value 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. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Mizuho raised Bloom Energy from a "neutral" rating to an "outperform" rating and set a $26.00 price objective on the stock in a research note on Monday. Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. TD Cowen increased their price objective 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. BMO Capital Markets restated a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. Finally, Morgan Stanley decreased their price target on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.61.

Bloom Energy Stock Up 1.3 %

Shares of BE stock traded up $0.22 during mid-day trading on Monday, reaching $16.66. 3,337,144 shares of the company were exchanged, compared to its average volume of 6,783,381. 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 business's 50 day simple moving average is $20.48 and its 200 day simple moving average is $21.19. The company has a market capitalization of $3.84 billion, a P/E ratio of -29.75 and a beta of 3.25. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83.

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 analysts' consensus estimates of ($0.07) by $0.10. The business 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 in the prior year, the business posted ($0.17) EPS. Research analysts predict that Bloom Energy Co. will post -0.23 earnings per share for the current year.

About Bloom Energy

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.