25,000 Shares in Bloom Energy Co. (NYSE:BE) Acquired by Maven Securities LTD

Maven Securities LTD bought a new stake in Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $555,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BE. Royal Bank of Canada set a $26.00 target price on shares of Bloom Energy in a research report on Monday, April 14th. Bank of America dropped their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Piper Sandler dropped their price objective on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Jefferies Financial Group dropped their price target on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.47.

Insider Buying and Selling

In other Bloom Energy news, 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 value of $811,210.62. Following the sale, the chief executive officer now owns 2,724,613 shares of the company's stock, valued at approximately $52,149,092.82. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Satish Chitoori sold 1,020 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the sale, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,375 shares of company stock valued at $1,053,445. 3.60% of the stock is owned by insiders.

Bloom Energy Stock Down 5.1%

Shares of NYSE BE traded down $1.02 during mid-day trading on Monday, reaching $19.09. 1,694,676 shares of the company's stock traded hands, compared to its average volume of 6,713,351. The stock has a market cap of $4.43 billion, a P/E ratio of -34.09 and a beta of 3.25. The business has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $21.79. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. 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 (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The firm had revenue of $326.02 million for the quarter, compared to the consensus estimate of $294.27 million. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The business's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.17) EPS. On average, analysts expect that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

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.