Occudo Quantitative Strategies LP Buys Shares of 61,421 Bloom Energy Co. (NYSE:BE)

Occudo Quantitative Strategies LP purchased a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 61,421 shares of the company's stock, valued at approximately $1,364,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Bloom Energy by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after purchasing an additional 356,317 shares during the period. Norges Bank bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $93,951,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $61,968,000. Legal & General Group Plc boosted its holdings in Bloom Energy by 7.3% in the fourth quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after purchasing an additional 144,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $36,737,000 after purchasing an additional 10,265 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Redburn Atlantic cut shares of Bloom Energy from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. Robert W. Baird dropped their price target on shares of Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. 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. Mizuho raised shares of Bloom Energy from a "neutral" rating to an "outperform" rating and lowered their price target for the stock from $28.00 to $26.00 in a research report on Monday, May 5th. Finally, Susquehanna lowered their price target on shares of Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.47.

Bloom Energy Price Performance

NYSE BE traded up $0.32 on Friday, reaching $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 company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm's 50 day moving average is $19.45 and its two-hundred day moving average is $21.62. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. The stock has a market cap of $4.68 billion, a PE ratio of -35.96 and a beta of 3.25.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.10. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The business had revenue of $326.02 million during the quarter, compared to the consensus estimate of $294.27 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The firm's quarterly revenue was up 38.5% on a year-over-year basis. As a group, sell-side analysts predict that Bloom Energy Co. will post -0.23 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,780 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total value of $54,821.60. Following the completion of the sale, the insider now owns 152,890 shares of the company's stock, valued at approximately $3,014,990.80. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aman Joshi sold 4,658 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 131,371 shares of the company's stock, valued at $2,590,636.12. This trade represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,375 shares of company stock valued at $1,053,445 in the last ninety days. Company insiders own 3.50% of the company's stock.

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.