Emerald Advisers LLC Has $57.93 Million Position in Bloom Energy Corporation $BE

Emerald Advisers LLC increased its stake in Bloom Energy Corporation (NYSE:BE) by 82.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 684,946 shares of the company’s stock after purchasing an additional 309,150 shares during the period. Bloom Energy makes up 1.9% of Emerald Advisers LLC’s holdings, making the stock its 7th biggest holding. Emerald Advisers LLC owned 0.29% of Bloom Energy worth $57,926,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the third quarter worth about $32,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Bloom Energy during the 2nd quarter worth approximately $36,000. NewEdge Advisors LLC lifted its holdings in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. Cranbrook Wealth Management LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Bloom Energy in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

Bloom Energy stock opened at $150.50 on Thursday. The stock has a 50-day moving average price of $106.78 and a two-hundred day moving average price of $82.37. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $155.87. The company has a market capitalization of $35.59 billion, a PE ratio of 843.06, a P/E/G ratio of 12.78 and a beta of 3.01. 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 (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $519.05 million during 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 firm’s revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Ratings Changes

BE has been the subject of several recent analyst reports. Daiwa Capital Markets set a $98.00 target price on Bloom Energy in a research note on Tuesday, December 2nd. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Wednesday, October 29th. Royal Bank Of Canada set a $143.00 price objective on Bloom Energy in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. Finally, Mizuho set a $89.00 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 issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $100.57.

Insider Activity

In other news, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Maciej Kurzymski sold 13,105 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $144.09, for a total value of $1,888,299.45. Following the completion of the sale, the insider owned 93,269 shares of the company’s stock, valued at $13,439,130.21. The trade was a 12.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 120,410 shares of company stock valued at $16,557,185. 3.60% of the stock is currently owned by company insiders.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.