Maven Securities LTD Purchases Shares of 25,000 Bloom Energy Co. (NYSE:BE)

Maven Securities LTD acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company's stock, valued at approximately $555,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted 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 in the last quarter. Norges Bank purchased a new stake in shares of Bloom Energy in the fourth quarter valued at about $93,951,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bloom Energy in the fourth quarter valued at about $61,968,000. Legal & General Group Plc raised its position in shares of Bloom Energy by 7.3% in the fourth quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock valued at $47,381,000 after buying an additional 144,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position 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 valued at $36,737,000 after buying an additional 10,265 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 1,020 shares of Bloom Energy 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 completion of the sale, the insider now owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. The trade was a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aman Joshi sold 4,658 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total transaction of $91,855.76. Following the completion of the sale, the insider now directly owns 131,371 shares of the company's stock, valued at $2,590,636.12. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,375 shares of company stock worth $1,053,445. Insiders own 3.50% of the company's stock.

Bloom Energy Trading Up 1.6%

NYSE BE traded up $0.32 during trading hours on Friday, hitting $20.14. The company's stock had a trading volume of 6,526,407 shares, compared to its average volume of 6,768,080. The stock has a fifty day moving average of $19.45 and a 200 day moving average of $21.62. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. The firm has a market capitalization of $4.68 billion, a P/E ratio of -35.96 and a beta of 3.25. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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%. Bloom Energy's revenue was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. Equities research analysts forecast that Bloom Energy Co. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BE. Jefferies Financial Group cut their price objective on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. TD Cowen boosted their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, February 28th. 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. Finally, Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.47.

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.