Bosun Asset Management LLC Sells 84,820 Shares of Bloom Energy Corporation $BE

Bosun Asset Management LLC lessened its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 71.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,042 shares of the company’s stock after selling 84,820 shares during the quarter. Bosun Asset Management LLC’s holdings in Bloom Energy were worth $814,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BE. Cetera Investment Advisers grew its holdings in Bloom Energy by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 30,977 shares of the company’s stock worth $609,000 after acquiring an additional 7,135 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Bloom Energy in the first quarter worth approximately $2,055,000. Harbour Investments Inc. increased its position in Bloom Energy by 2,160.0% during the first 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 last quarter. PNC Financial Services Group Inc. raised its position in Bloom Energy by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 12,611 shares of the company’s stock worth $248,000 after acquiring an additional 1,273 shares during the period. Finally, Blair William & Co. IL grew its holdings in Bloom Energy by 20.5% during the first quarter. Blair William & Co. IL now owns 15,809 shares of the company’s stock valued at $311,000 after purchasing an additional 2,693 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 0.8%

Shares of NYSE:BE opened at $119.08 on Friday. The company has a market capitalization of $28.16 billion, a PE ratio of 656.05, a P/E/G ratio of 75.27 and a beta of 3.00. The firm has a 50 day simple moving average of $108.13 and a 200-day simple moving average of $62.28. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $147.86.

Bloom Energy (NYSE:BE) last announced its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The company 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 company’s revenue was up 57.1% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. On average, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Activity

In other Bloom Energy news, insider Aman Joshi sold 4,543 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the sale, the insider owned 219,818 shares of the company’s stock, valued at $23,988,738.34. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total value of $2,860,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,589 shares of company stock worth $16,439,742 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Bloom Energy to $157.00 and gave the company a “positive” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $157.00 price objective on Bloom Energy in a report on Wednesday, October 29th. Daiwa Capital Markets set a $98.00 price target on shares of Bloom Energy in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $123.00 price target on shares of Bloom Energy in a research report on Monday, October 20th. Finally, Roth Capital reissued a “neutral” rating and set a $103.00 target price on shares of Bloom Energy in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.77.

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.