Bloom Energy Co. (NYSE:BE) Shares Acquired by Quaero Capital S.A.

Quaero Capital S.A. raised its holdings in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 150.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,347 shares of the company's stock after buying an additional 132,810 shares during the period. Bloom Energy comprises approximately 3.4% of Quaero Capital S.A.'s portfolio, making the stock its 4th largest position. Quaero Capital S.A. owned about 0.10% of Bloom Energy worth $3,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Bloom Energy in the fourth quarter worth $102,826,000. FMR LLC increased its position in shares of Bloom Energy by 168.8% in the third quarter. FMR LLC now owns 3,524,361 shares of the company's stock valued at $46,733,000 after acquiring an additional 2,213,167 shares during the period. Vanguard Group Inc. raised its stake in shares of Bloom Energy by 12.8% during the third quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company's stock valued at $325,030,000 after acquiring an additional 1,842,320 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Bloom Energy during the first quarter worth about $15,759,000. Finally, Millennium Management LLC grew its stake in shares of Bloom Energy by 885.1% in the fourth quarter. Millennium Management LLC now owns 860,687 shares of the company's stock worth $16,456,000 after purchasing an additional 773,317 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Shawn Marie Soderberg sold 13,120 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $9.34, for a total transaction of $122,540.80. Following the sale, the executive vice president now owns 73,946 shares of the company's stock, valued at approximately $690,655.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Kr Sridhar sold 50,746 shares of the company's stock in a transaction 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 completion of the sale, 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 can be accessed through this hyperlink. Also, EVP Shawn Marie Soderberg sold 13,120 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $9.34, for a total value of $122,540.80. Following the completion of the transaction, the executive vice president now directly owns 73,946 shares in the company, valued at approximately $690,655.64. The disclosure for this sale can be found here. Insiders have sold a total of 67,782 shares of company stock valued at $658,463 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Down 3.9 %

Shares of NYSE BE traded down $0.46 during midday trading on Wednesday, hitting $11.42. The stock had a trading volume of 5,138,699 shares, compared to its average volume of 5,506,469. The company has a market cap of $2.57 billion, a P/E ratio of -7.88 and a beta of 2.79. The company has a quick ratio of 2.53, a current ratio of 3.60 and a debt-to-equity ratio of 2.41. The business's 50 day moving average is $10.42 and its 200-day moving average is $11.86. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $19.50.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.11. The business had revenue of $356.92 million for the quarter, compared to analysts' expectations of $481.90 million. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. As a group, analysts predict that Bloom Energy Co. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on BE shares. BTIG Research started coverage on shares of Bloom Energy in a research report on Thursday, January 25th. They set a "buy" rating and a $21.00 price objective on the stock. Bank of America downgraded shares of Bloom Energy from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $16.00 to $10.00 in a research note on Monday, January 29th. BMO Capital Markets lowered their price objective on shares of Bloom Energy from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, February 16th. Robert W. Baird upgraded Bloom Energy from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $16.00 to $22.00 in a report on Wednesday, January 10th. Finally, Morgan Stanley restated an "overweight" rating and issued a $22.00 target price on shares of Bloom Energy in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.69.

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.