Bloom Energy Co. (NYSE:BE) Position Lifted by Schonfeld Strategic Advisors LLC

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SPX Gestao de Recursos Ltda purchased a new position in Bloom Energy in the 4th quarter valued at approximately $4,442,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bloom Energy by 184.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after buying an additional 262,247 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bloom Energy in the 4th quarter worth about $19,629,000. Charles Schwab Investment Management Inc. grew its stake in Bloom Energy by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after acquiring an additional 10,265 shares during the last quarter. Finally, Bailard Inc. purchased a new position in Bloom Energy during the 4th quarter valued at about $1,278,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Trading Up 2.0 %

Shares of Bloom Energy stock traded up $0.34 during trading hours on Friday, hitting $17.58. The company's stock had a trading volume of 3,469,985 shares, compared to its average volume of 6,822,711. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $4.05 billion, a PE ratio of -31.39 and a beta of 3.25. The business has a fifty day moving average of $19.83 and a 200 day moving average of $21.36. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted ($0.17) earnings per share. The firm's quarterly revenue was up 38.5% on a year-over-year basis. As a group, equities analysts forecast that Bloom Energy Co. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on BE shares. Redburn Atlantic cut 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 report on Wednesday, April 9th. TD Cowen raised their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Bank of America lowered their price target on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $28.00 to $26.00 in a research report on Monday, May 5th. Finally, Piper Sandler lowered their target price on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.34.

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.