Artemis Investment Management LLP Has $7.80 Million Stock Position in Bloom Energy Co. (NYSE:BE)

Artemis Investment Management LLP boosted its stake in shares of Bloom Energy Co. (NYSE:BEFree Report) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 738,673 shares of the company’s stock after purchasing an additional 125,757 shares during the period. Artemis Investment Management LLP owned 0.33% of Bloom Energy worth $7,800,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BE. Vanguard Group Inc. boosted its holdings in shares of Bloom Energy by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 19,528,801 shares of the company’s stock valued at $289,026,000 after buying an additional 307,627 shares during the last quarter. Electron Capital Partners LLC bought a new stake in Bloom Energy during the fourth quarter worth $27,796,000. DekaBank Deutsche Girozentrale lifted its stake in Bloom Energy by 762.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock valued at $5,712,000 after acquiring an additional 446,074 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Bloom Energy by 99,266.7% in the 1st quarter. Russell Investments Group Ltd. now owns 146,069 shares of the company’s stock valued at $1,642,000 after acquiring an additional 145,922 shares during the period. Finally, DigitalBridge Group Inc. increased its stake in shares of Bloom Energy by 66.3% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after purchasing an additional 462,581 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 2,094 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.53, for a total value of $30,425.82. Following the sale, the insider now owns 168,867 shares in the company, valued at $2,453,637.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 8.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BE has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $15.00 target price on shares of Bloom Energy in a research note on Thursday, June 20th. Jefferies Financial Group downgraded Bloom Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $11.00 in a research note on Friday, September 6th. UBS Group dropped their price target on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, Piper Sandler increased their price objective on shares of Bloom Energy from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average target price of $15.88.

Read Our Latest Analysis on BE

Bloom Energy Stock Performance

BE opened at $10.58 on Thursday. The firm has a market cap of $2.40 billion, a P/E ratio of -7.83 and a beta of 2.69. The business’s fifty day moving average is $10.94 and its 200-day moving average is $12.19. Bloom Energy Co. has a 52-week low of $8.41 and a 52-week high of $18.14. The company has a debt-to-equity ratio of 3.43, a quick ratio of 3.33 and a current ratio of 4.65.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $335.80 million for the quarter, compared to analyst estimates of $307.73 million. Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%. Bloom Energy’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. Sell-side analysts expect that Bloom Energy Co. will post -0.25 EPS for the current fiscal year.

Bloom Energy Profile

(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.

See Also

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

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