Susquehanna Fundamental Investments LLC Buys New Position in Bloom Energy Co. (NYSE:BE)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 149,845 shares of the company's stock, valued at approximately $3,328,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Bloom Energy as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BE. Mainstream Capital Management LLC purchased a new position in Bloom Energy during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC grew its holdings in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after acquiring an additional 934 shares during the period. Jones Financial Companies Lllp raised 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 worth $33,000 after acquiring an additional 812 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bloom Energy in the third quarter valued at $34,000. Finally, Avior Wealth Management LLC acquired a new position in shares of Bloom Energy during the 4th quarter worth $40,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were 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. The trade was a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BE. Truist Financial decreased their price objective on shares of Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Redburn Atlantic downgraded Bloom Energy from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.50 to $10.00 in a research note on Wednesday, April 9th. 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 report on Tuesday, April 8th. Morgan Stanley cut their price target on Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Robert W. Baird dropped their target price on shares of Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.61.

Bloom Energy Trading Up 2.9 %

BE stock traded up $0.47 on Monday, hitting $16.91. 2,328,490 shares of the company were exchanged, compared to its average volume of 6,772,097. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -30.20 and a beta of 3.25. The business's fifty day moving average is $20.48 and its two-hundred day moving average is $21.19. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. 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 (NYSE:BE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.10. The business had revenue of $326.02 million for the quarter, compared to analyst estimates of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The business's quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS. As a group, research analysts forecast that Bloom Energy Co. will post -0.23 earnings per share for the current year.

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.