Ardsley Advisory Partners LP Makes New Investment in Bloom Energy Corporation $BE

Ardsley Advisory Partners LP bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 120,000 shares of the company’s stock, valued at approximately $2,870,000. Ardsley Advisory Partners LP owned approximately 0.05% of Bloom Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Bloom Energy during the second quarter valued at $853,000. Qube Research & Technologies Ltd bought a new position in Bloom Energy during the 2nd quarter worth about $18,808,000. Federated Hermes Inc. purchased a new position in Bloom Energy during the 2nd quarter valued at about $847,000. Jump Financial LLC raised its holdings in shares of Bloom Energy by 137.8% in the 2nd quarter. Jump Financial LLC now owns 332,722 shares of the company’s stock valued at $7,959,000 after purchasing an additional 192,790 shares in the last quarter. Finally, Diametric Capital LP bought a new stake in shares of Bloom Energy in the 2nd quarter valued at about $825,000. Institutional investors own 77.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BE shares. Cowen reissued a “hold” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Thursday, October 30th. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Hsbc Global Res raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. Finally, Wedbush set a $39.00 target price on shares of Bloom Energy in a report on Tuesday, November 25th. One 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 data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $93.77.

Bloom Energy Stock Performance

Shares of BE opened at $101.63 on Thursday. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. The firm has a market cap of $24.04 billion, a PE ratio of 608.00, a P/E/G ratio of 69.12 and a beta of 3.00. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $147.86. The stock has a fifty day moving average price of $109.61 and a 200-day moving average price of $64.15.

Bloom Energy (NYSE:BE) last announced 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 firm had revenue of $519.05 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis. Equities research 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 Bloom Energy news, Director Jim H. Snabe sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $143.04, for a total transaction of $2,860,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Marie Soderberg sold 1,583 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $105.97, for a total transaction of $167,750.51. Following the completion of the transaction, the insider directly owned 221,633 shares of the company’s stock, valued at approximately $23,486,449.01. This represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 119,589 shares of company stock valued at $16,439,742. Insiders own 3.60% of the company’s stock.

About Bloom Energy

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.