Sender Co & Partners Inc. Invests $283,000 in Bloom Energy Co. (NYSE:BE)

Sender Co & Partners Inc. purchased a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,750 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BE. 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 in the last quarter. Mainstream Capital Management LLC purchased a new position in Bloom Energy during the 4th quarter valued at $28,000. Jones Financial Companies Lllp raised its stake in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after buying an additional 812 shares in the last quarter. Quarry LP bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $35,000. Finally, Avior Wealth Management LLC bought a new position in shares of Bloom Energy in the 4th quarter worth about $40,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Bloom Energy

In related news, CEO Kr Sridhar sold 42,383 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $19.14, for a total value of $811,210.62. Following the completion of the sale, the chief executive officer now directly owns 2,724,613 shares in the company, valued at $52,149,092.82. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owns 178,656 shares of the company's stock, valued at $4,482,479.04. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,375 shares of company stock valued at $1,053,445. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Price Performance

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

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $294.27 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm's revenue was up 38.5% on a year-over-year basis. As a group, analysts predict that Bloom Energy Co. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

BE has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. BMO Capital Markets reiterated a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. Mizuho upgraded Bloom Energy from a "neutral" rating to an "outperform" rating and cut their price target for the company from $28.00 to $26.00 in a research note on Monday, May 5th. Finally, Robert W. Baird cut their target price on shares of Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.97.

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.