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

Sender Co & Partners Inc. acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,750 shares of the company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after buying an additional 934 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in Bloom Energy in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its position in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares during the last quarter. Quarry LP bought a new stake in Bloom Energy in the fourth quarter valued at approximately $35,000. Finally, Avior Wealth Management LLC bought a new stake in Bloom Energy in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,496 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $19.89, for a total transaction of $29,755.44. Following the transaction, the insider now directly owns 229,682 shares of the company's stock, valued at $4,568,374.98. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aman Joshi sold 4,658 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 54,375 shares of company stock valued at $1,053,445. Insiders own 3.60% of the company's stock.

Bloom Energy Stock Down 0.5%

Shares of NYSE BE traded down $0.09 during trading on Tuesday, reaching $19.14. The company had a trading volume of 3,203,873 shares, compared to its average volume of 6,707,501. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The stock has a market cap of $4.44 billion, a PE ratio of -34.18 and a beta of 3.25. The business's 50-day moving average is $19.25 and its 200 day moving average is $21.83. 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 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. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The firm had revenue of $326.02 million for the quarter, compared to analysts' expectations of $294.27 million. During the same period in the prior year, the firm posted ($0.17) earnings per share. The company'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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on BE. Susquehanna lowered their price objective on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Morgan Stanley lowered their price objective on Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird lowered their price objective on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Roth Mkm lowered their price objective on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, TD Cowen upped their target price on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.47.

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.