Bloom Energy (NYSE:BE) Trading Up 5.1%

Shares of Bloom Energy Co. (NYSE:BE - Get Free Report) were up 5.1% during trading on Thursday . The company traded as high as $12.35 and last traded at $12.31. Approximately 536,531 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 5,487,750 shares. The stock had previously closed at $11.71.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BE shares. Redburn Atlantic started coverage on Bloom Energy in a research note on Tuesday, February 6th. They issued a "neutral" rating and a $12.50 target price for the company. KeyCorp downgraded Bloom Energy from an "overweight" rating to a "sector weight" rating in a research note on Friday, February 16th. Morgan Stanley reaffirmed an "overweight" rating and set a $22.00 price target on shares of Bloom Energy in a report on Monday, March 25th. Robert W. Baird raised Bloom Energy from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $16.00 to $22.00 in a report on Wednesday, January 10th. Finally, BTIG Research started coverage on Bloom Energy in a report on Thursday, January 25th. They set a "buy" rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Bloom Energy presently has an average rating of "Moderate Buy" and an average price target of $16.69.

Bloom Energy Stock Performance

The stock has a market cap of $2.65 billion, a P/E ratio of -8.13 and a beta of 2.79. The company has a fifty day moving average of $10.45 and a 200 day moving average of $11.95. The company has a debt-to-equity ratio of 2.41, a current ratio of 3.60 and a quick ratio of 2.53.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. The firm had revenue of $356.92 million for the quarter, compared to analyst estimates of $481.90 million. Bloom Energy had a negative net margin of 22.66% and a negative return on equity of 23.88%. On average, equities analysts predict that Bloom Energy Co. will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bloom Energy news, CEO Kr Sridhar sold 50,746 shares of Bloom Energy stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the transaction, the chief executive officer now owns 2,702,608 shares in the company, valued at $26,323,401.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Bloom Energy news, EVP Shawn Marie Soderberg sold 13,120 shares of Bloom Energy stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $9.34, for a total transaction of $122,540.80. Following the transaction, the executive vice president now directly owns 73,946 shares in the company, valued at approximately $690,655.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kr Sridhar sold 50,746 shares of Bloom Energy stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $9.74, for a total transaction of $494,266.04. Following the transaction, the chief executive officer now owns 2,702,608 shares in the company, valued at $26,323,401.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,782 shares of company stock worth $658,463. 8.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Bloom Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Bloom Energy by 0.9% during the 2nd quarter. Creative Planning now owns 42,778 shares of the company's stock valued at $706,000 after acquiring an additional 366 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Bloom Energy by 4.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company's stock valued at $212,000 after acquiring an additional 502 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Bloom Energy by 5.1% during the 2nd quarter. Sei Investments Co. now owns 13,989 shares of the company's stock valued at $229,000 after acquiring an additional 677 shares in the last quarter. First Foundation Advisors grew its holdings in shares of Bloom Energy by 0.8% during the 2nd quarter. First Foundation Advisors now owns 106,699 shares of the company's stock valued at $1,745,000 after acquiring an additional 890 shares in the last quarter. Finally, Patten Group Inc. grew its holdings in shares of Bloom Energy by 5.8% during the 3rd quarter. Patten Group Inc. now owns 17,408 shares of the company's stock valued at $231,000 after acquiring an additional 960 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.