Bloom Energy Co. (NYSE:BE) Shares Bought by Select Equity Group L.P.

Select Equity Group L.P. boosted its holdings in Bloom Energy Co. (NYSE:BE - Free Report) by 125.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,515 shares of the company's stock after purchasing an additional 154,993 shares during the period. Select Equity Group L.P. owned about 0.12% of Bloom Energy worth $6,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Bloom Energy by 1.3% in the 4th quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock worth $1,324,000 after purchasing an additional 759 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after acquiring an additional 812 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after purchasing an additional 934 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of Bloom Energy during the 4th quarter valued at $28,000. Finally, Quarry LP purchased a new stake in shares of Bloom Energy in the fourth quarter valued at about $35,000. Institutional investors own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 4,658 shares of the stock in a transaction on Wednesday, May 14th. The stock was 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 directly owns 131,371 shares in the company, valued at approximately $2,590,636.12. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 2,780 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $54,821.60. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 54,375 shares of company stock valued at $1,053,445 over the last ninety days. Insiders own 3.60% of the company's stock.

Bloom Energy Stock Down 1.2%

NYSE BE traded down $0.22 during trading on Thursday, hitting $17.99. The company's stock had a trading volume of 2,385,628 shares, compared to its average volume of 6,628,801. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The company has a market cap of $4.18 billion, a PE ratio of -32.12 and a beta of 3.25. The business's 50 day simple moving average is $19.12 and its 200-day simple moving average is $21.81.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The firm had revenue of $326.02 million during the quarter, compared to the consensus estimate of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The company's revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, equities analysts anticipate that Bloom Energy Co. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America cut their target price on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Redburn Atlantic downgraded 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 report on Wednesday, April 9th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Bloom Energy in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.97.

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.