Bloom Energy Co. (NYSE:BE) Short Interest Down 5.0% in February

Bloom Energy Co. (NYSE:BEGet Rating) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 16,590,000 shares, a decrease of 5.0% from the February 13th total of 17,470,000 shares. Based on an average trading volume of 2,260,000 shares, the short-interest ratio is presently 7.3 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BE shares. Morgan Stanley upgraded shares of Bloom Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $37.00 to $35.00 in a research note on Tuesday, January 10th. KeyCorp increased their price objective on shares of Bloom Energy from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. UBS Group started coverage on shares of Bloom Energy in a research note on Tuesday, December 13th. They set a “buy” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Bloom Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $27.00 in a research note on Friday, February 10th. Finally, TheStreet raised shares of Bloom Energy from a “d” rating to a “c-” rating in a research report on Thursday, February 9th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.40.

Bloom Energy Trading Down 6.1 %

NYSE:BE opened at $18.93 on Thursday. Bloom Energy has a 12 month low of $11.47 and a 12 month high of $31.47. The firm has a fifty day simple moving average of $22.91 and a 200-day simple moving average of $21.55. The company has a current ratio of 1.95, a quick ratio of 1.45 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $3.90 billion, a P/E ratio of -11.47 and a beta of 2.89.

Bloom Energy (NYSE:BEGet Rating) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Bloom Energy had a negative return on equity of 194.49% and a negative net margin of 25.14%. The company had revenue of $462.60 million for the quarter, compared to analyst estimates of $398.36 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. On average, equities research analysts anticipate that Bloom Energy will post -0.64 earnings per share for the current year.

Insiders Place Their Bets

In other Bloom Energy news, Director Eddy Zervigon sold 22,797 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $21.57, for a total value of $491,731.29. Following the transaction, the director now directly owns 124,808 shares in the company, valued at approximately $2,692,108.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bloom Energy news, Director Eddy Zervigon sold 22,797 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $21.57, for a total value of $491,731.29. Following the transaction, the director now directly owns 124,808 shares in the company, valued at approximately $2,692,108.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Sharelynn Faye Moore sold 3,963 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $25.00, for a total transaction of $99,075.00. Following the completion of the transaction, the chief marketing officer now owns 78,954 shares in the company, valued at $1,973,850. The disclosure for this sale can be found here. Insiders have sold 166,787 shares of company stock worth $3,763,465 in the last three months. Corporate insiders own 2.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BE. Norges Bank acquired a new position in Bloom Energy during the fourth quarter valued at $102,826,000. Vanguard Group Inc. lifted its position in Bloom Energy by 12.8% during the third quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company’s stock valued at $325,030,000 after purchasing an additional 1,842,320 shares during the period. BlackRock Inc. lifted its position in Bloom Energy by 8.8% during the third quarter. BlackRock Inc. now owns 20,925,333 shares of the company’s stock valued at $418,298,000 after purchasing an additional 1,699,072 shares during the period. Two Sigma Investments LP lifted its position in Bloom Energy by 311.2% during the third quarter. Two Sigma Investments LP now owns 2,169,510 shares of the company’s stock valued at $43,369,000 after purchasing an additional 1,641,938 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Bloom Energy by 1,894.6% during the third quarter. Victory Capital Management Inc. now owns 1,271,350 shares of the company’s stock valued at $25,414,000 after purchasing an additional 1,207,610 shares during the period. 79.55% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

(Get Rating)

Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.

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