BNP Paribas Financial Markets Purchases Shares of 511,508 Bloom Energy Co. (NYSE:BE)

BNP Paribas Financial Markets bought a new position in shares of Bloom Energy Co. (NYSE:BEFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 511,508 shares of the company’s stock, valued at approximately $7,570,000. BNP Paribas Financial Markets owned 0.23% of Bloom Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Tsfg LLC increased its holdings in shares of Bloom Energy by 11.1% in the 4th quarter. Tsfg LLC now owns 10,006 shares of the company’s stock valued at $148,000 after acquiring an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Bloom Energy by 17.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company’s stock valued at $102,000 after purchasing an additional 1,117 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Bloom Energy by 7.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,725 shares of the company’s stock worth $460,000 after buying an additional 2,270 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Bloom Energy by 21.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,293 shares of the company’s stock valued at $176,000 after buying an additional 2,334 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Bloom Energy by 17.1% in the 4th quarter. M&T Bank Corp now owns 16,073 shares of the company’s stock valued at $238,000 after buying an additional 2,343 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Kr Sridhar sold 50,746 shares of Bloom Energy stock in a transaction on Monday, March 18th. The stock was sold at an average price of $9.74, for a total transaction of $494,266.04. Following the completion of the transaction, the chief executive officer now directly owns 2,702,608 shares of the company’s stock, valued at $26,323,401.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Eddy Zervigon sold 28,150 shares of Bloom Energy stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $12.86, for a total transaction of $362,009.00. Following the completion of the transaction, the director now directly owns 111,161 shares in the company, valued at approximately $1,429,530.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kr Sridhar sold 50,746 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the completion of the sale, the chief executive officer now directly owns 2,702,608 shares in the company, valued at approximately $26,323,401.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,291 shares of company stock worth $1,457,413. 8.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BE shares. Susquehanna decreased their price objective on shares of Bloom Energy from $18.00 to $16.00 and set a “positive” rating for the company in a research note on Wednesday, March 27th. Redburn Atlantic began coverage on Bloom Energy in a research report on Tuesday, February 6th. They set a “neutral” rating and a $12.50 price target on the stock. Raymond James decreased their price objective on Bloom Energy from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Bloom Energy from an “overweight” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.00 in a report on Friday, February 16th. Finally, Evercore ISI decreased their price target on shares of Bloom Energy from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.74.

Read Our Latest Stock Report on BE

Bloom Energy Stock Up 0.8 %

Bloom Energy stock opened at $12.33 on Friday. The stock’s 50 day moving average price is $10.85 and its 200 day moving average price is $11.72. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $18.76. The company has a market cap of $2.77 billion, a PE ratio of -9.13 and a beta of 2.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 4.45 and a quick ratio of 2.97.

Bloom Energy (NYSE:BEGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.09). The company had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $254.06 million. Bloom Energy had a negative return on equity of 19.32% and a negative net margin of 22.27%. On average, sell-side analysts predict that Bloom Energy Co. will post -0.15 EPS for the current fiscal year.

About Bloom Energy

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.