Nisa Investment Advisors LLC Has $130,000 Stake in Bloom Energy Corporation $BE

Nisa Investment Advisors LLC grew its holdings in Bloom Energy Corporation (NYSE:BE) by 61.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,442 shares of the company’s stock after buying an additional 2,069 shares during the period. Nisa Investment Advisors LLC’s holdings in Bloom Energy were worth $130,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Public Investment Fund lifted its position in shares of Bloom Energy by 16.8% in the first quarter. Public Investment Fund now owns 3,803,770 shares of the company’s stock valued at $74,782,000 after buying an additional 546,372 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Bloom Energy by 29.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,611,925 shares of the company’s stock valued at $71,010,000 after buying an additional 821,814 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after buying an additional 836,810 shares during the last quarter. Northern Trust Corp lifted its position in shares of Bloom Energy by 3.2% in the first quarter. Northern Trust Corp now owns 1,916,535 shares of the company’s stock valued at $37,679,000 after buying an additional 60,141 shares during the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. acquired a new stake in shares of Bloom Energy in the first quarter valued at approximately $22,609,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Roth Capital reaffirmed a “neutral” rating and issued a $103.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. Bank of America increased their target price on Bloom Energy from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Monday, October 20th. Robert W. Baird set a $157.00 target price on Bloom Energy in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on Bloom Energy to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $89.00 target price on Bloom Energy in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.65.

Bloom Energy Trading Down 9.5%

NYSE:BE opened at $128.85 on Wednesday. The company has a market cap of $30.15 billion, a P/E ratio of 790.94, a P/E/G ratio of 80.23 and a beta of 3.43. The stock’s fifty day moving average price is $86.54 and its two-hundred day moving average price is $47.42. Bloom Energy Corporation has a 1 year low of $10.42 and a 1 year high of $147.82. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88.

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

Insider Transactions at Bloom Energy

In other news, insider Maciej Kurzymski sold 2,474 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total value of $174,342.78. Following the transaction, the insider owned 106,374 shares of the company’s stock, valued at approximately $7,496,175.78. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kr Sridhar sold 60,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $48.97, for a total transaction of $2,938,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,324,613 shares in the company, valued at approximately $113,836,298.61. The trade was a 2.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 301,193 shares of company stock valued at $14,893,710. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Company 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.