Cwm LLC Grows Position in Bloom Energy Corporation $BE

Cwm LLC lifted its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 47.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,949 shares of the company’s stock after purchasing an additional 1,589 shares during the quarter. Cwm LLC’s holdings in Bloom Energy were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Harbour Investments Inc. boosted its holdings in Bloom Energy by 2,160.0% during the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock valued at $31,000 after acquiring an additional 1,512 shares during the period. Banque Transatlantique SA boosted its holdings in Bloom Energy by 227.6% during the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after acquiring an additional 1,161 shares during the period. NewEdge Advisors LLC boosted its holdings in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares during the period. Vision Financial Markets LLC purchased a new position in Bloom Energy during the 1st quarter valued at about $39,000. Finally, IFP Advisors Inc boosted its holdings in Bloom Energy by 1,560.8% during the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $50,000 after acquiring an additional 1,951 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

Shares of BE opened at $132.51 on Friday. The stock has a 50-day simple moving average of $83.10 and a 200-day simple moving average of $45.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 3.21 and a current ratio of 4.40. The stock has a market capitalization of $31.01 billion, a PE ratio of 710.28, a PEG ratio of 228.14 and a beta of 3.48. Bloom Energy Corporation has a 1 year low of $9.59 and a 1 year high of $144.20.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The business had revenue of $519.05 million for the quarter, compared to analyst estimates of $425.18 million. During the same quarter last year, the company earned ($0.01) EPS. The business’s quarterly revenue was up 57.1% on a year-over-year basis. On average, analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 400 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $71.16, for a total transaction of $28,464.00. Following the sale, the insider owned 231,965 shares of the company’s stock, valued at approximately $16,506,629.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aman Joshi sold 4,870 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $43.36, for a total value of $211,163.20. Following the sale, the insider directly owned 224,361 shares in the company, valued at $9,728,292.96. This trade represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 301,193 shares of company stock worth $14,893,710. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BE has been the subject of a number of research analyst reports. BTIG Research raised their target price on Bloom Energy to $145.00 and gave the company a “buy” rating in a report on Wednesday. Roth Capital restated a “neutral” rating and set a $103.00 target price on shares of Bloom Energy in a report on Wednesday. Jefferies Financial Group restated an “underperform” rating and set a $53.00 target price on shares of Bloom Energy in a report on Friday. Robert W. Baird set a $157.00 price objective on Bloom Energy in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on Bloom Energy to $155.00 and gave the company an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.65.

Bloom Energy 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.