Zurcher Kantonalbank Zurich Cantonalbank Has $5.66 Million Stock Position in Bloom Energy Co. (NYSE:BE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,276 shares of the company's stock after buying an additional 113,919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of Bloom Energy worth $5,658,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Millburn Ridgefield Corp purchased a new position in Bloom Energy during the 3rd quarter valued at about $33,000. Allspring Global Investments Holdings LLC increased its holdings in Bloom Energy by 17.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company's stock valued at $102,000 after purchasing an additional 1,117 shares during the period. AM Investment Strategies LLC purchased a new position in Bloom Energy during the 3rd quarter valued at about $133,000. Tsfg LLC boosted its stake in Bloom Energy by 11.1% in the fourth quarter. Tsfg LLC now owns 10,006 shares of the company's stock valued at $148,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its stake in shares of Bloom Energy by 73.3% during the fourth quarter. Chilton Capital Management LLC now owns 13,000 shares of the company's stock worth $192,000 after buying an additional 5,500 shares during the period. Hedge funds and other institutional investors own 77.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BE shares. Piper Sandler lowered their price objective on shares of Bloom Energy from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 16th. Royal Bank of Canada dropped their target price on Bloom Energy from $21.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, February 16th. JPMorgan Chase & Co. cut Bloom Energy from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $19.00 to $14.00 in a research report on Friday, February 16th. BTIG Research began coverage on Bloom Energy in a research report on Thursday, January 25th. They set a "buy" rating and a $21.00 target price on the stock. Finally, Evercore ISI began coverage on Bloom Energy in a research report on Monday, April 1st. They set an "outperform" rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.69.

Insider Activity

In related news, EVP Shawn Marie Soderberg sold 13,120 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 73,946 shares of the company's stock, valued at approximately $690,655.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kr Sridhar sold 50,746 shares of Bloom Energy stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the sale, the chief executive officer now directly owns 2,702,608 shares in the company, valued at approximately $26,323,401.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Shawn Marie Soderberg sold 13,120 shares of Bloom Energy 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 completion of the sale, the executive vice president now owns 73,946 shares in the company, valued at $690,655.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,989 shares of company stock valued at $725,292. Company insiders own 3.50% of the company's stock.

Bloom Energy Trading Down 3.1 %

Shares of NYSE:BE traded down $0.30 during trading on Monday, hitting $9.33. The company's stock had a trading volume of 6,704,776 shares, compared to its average volume of 5,606,504. The business has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $11.73. The company has a debt-to-equity ratio of 2.41, a quick ratio of 2.53 and a current ratio of 3.60. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $18.76.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.11. The business had revenue of $356.92 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Bloom Energy Co. will post -0.17 EPS for the current fiscal year.

Bloom Energy 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.