Capital Impact Advisors LLC Acquires 584 Shares of Bloom Energy Co. (NYSE:BE)

Capital Impact Advisors LLC lifted its holdings in Bloom Energy Co. (NYSE:BE – Get Rating) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,793 shares of the company’s stock after buying an additional 584 shares during the period. Capital Impact Advisors LLC’s holdings in Bloom Energy were worth $735,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Bloom Energy by 0.9% during the 2nd quarter. Creative Planning now owns 42,778 shares of the company’s stock worth $706,000 after purchasing an additional 366 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in shares of Bloom Energy by 8.0% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 10,608 shares of the company’s stock worth $212,000 after purchasing an additional 785 shares during the period. Patten Group Inc. boosted its stake in shares of Bloom Energy by 7.4% during the 3rd quarter. Patten Group Inc. now owns 12,936 shares of the company’s stock worth $232,000 after purchasing an additional 887 shares during the period. Quantbot Technologies LP boosted its stake in shares of Bloom Energy by 27.8% during the 1st quarter. Quantbot Technologies LP now owns 4,673 shares of the company’s stock worth $112,000 after purchasing an additional 1,017 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Bloom Energy by 6.0% during the 3rd quarter. ProShare Advisors LLC now owns 19,388 shares of the company’s stock worth $387,000 after purchasing an additional 1,095 shares during the period. 79.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Truist Financial lifted their price target on shares of Bloom Energy from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 7th. Credit Suisse Group reissued an “outperform” rating and issued a $32.00 price objective on shares of Bloom Energy in a research report on Monday, February 13th. Wells Fargo & Company boosted their price objective on shares of Bloom Energy from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 14th. JPMorgan Chase & Co. cut shares of Bloom Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $27.00 in a research report on Friday, February 10th. Finally, Morgan Stanley raised shares of Bloom Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $37.00 to $35.00 in a research report on Tuesday, January 10th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bloom Energy has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Insider Activity at Bloom Energy

In related news, Director Eddy Zervigon sold 22,797 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $21.57, for a total transaction of $491,731.29. Following the completion of the sale, the director now owns 124,808 shares of the company’s stock, valued at $2,692,108.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bloom Energy news, Director Eddy Zervigon sold 22,797 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $21.57, for a total value of $491,731.29. Following the completion of the transaction, the director now owns 124,808 shares of the company’s stock, valued at $2,692,108.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Sharelynn Faye Moore sold 3,963 shares of the firm’s stock in a transaction on 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 directly owns 78,954 shares of the company’s stock, valued at approximately $1,973,850. The disclosure for this sale can be found here. Insiders sold 152,372 shares of company stock valued at $3,446,446 over the last 90 days. Insiders own 2.78% of the company’s stock.

Bloom Energy Trading Down 4.8 %

NYSE:BE opened at $18.02 on Friday. Bloom Energy Co. has a 52 week low of $11.47 and a 52 week high of $31.47. The firm has a 50 day moving average of $22.88 and a 200 day moving average of $21.53. The company has a quick ratio of 1.45, a current ratio of 1.95 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of -10.92 and a beta of 2.89.

Bloom Energy (NYSE:BE – Get Rating) last posted its earnings results on Thursday, February 9th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Bloom Energy had a negative net margin of 25.14% and a negative return on equity of 194.49%. The firm had revenue of $462.60 million for the quarter, compared to analysts’ expectations of $398.36 million. During the same period in the previous year, the company earned ($0.16) EPS. The company’s revenue was up 35.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloom Energy Co. will post -0.64 earnings per share for the current fiscal year.

Bloom Energy Profile

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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.