Schonfeld Strategic Advisors LLC Grows Position in Bloom Energy Co. (NYSE:BE)

Schonfeld Strategic Advisors LLC raised its holdings in Bloom Energy Co. (NYSE:BE - Free Report) by 554.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,912 shares of the company's stock after purchasing an additional 99,904 shares during the period. Schonfeld Strategic Advisors LLC owned 0.05% of Bloom Energy worth $2,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy during the 3rd quarter worth about $34,000. Franklin Resources Inc. increased its position in shares of Bloom Energy by 62.4% during the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company's stock valued at $1,314,000 after buying an additional 48,258 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Bloom Energy by 21.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company's stock worth $226,000 after buying an additional 3,824 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after acquiring an additional 569 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Bloom Energy by 2.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock valued at $1,053,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 77.04% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BE shares. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a report on Monday, April 14th. Susquehanna dropped their price objective on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a research note on Monday, April 14th. HSBC upgraded Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group cut their price objective on Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, Morgan Stanley lowered their target price on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.71.

Bloom Energy Price Performance

Shares of Bloom Energy stock opened at $16.50 on Monday. The company's fifty day simple moving average is $20.48 and its two-hundred day simple moving average is $21.19. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The firm has a market cap of $3.80 billion, a PE ratio of -29.46 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 posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The company had revenue of $326.02 million for the quarter, compared to analysts' expectations of $294.27 million. During the same period last year, the firm earned ($0.17) earnings per share. Bloom Energy's quarterly revenue was up 38.5% on a year-over-year basis. As a group, equities analysts expect that Bloom Energy Co. will post -0.23 EPS for the current year.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the sale, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by insiders.

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.

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