Bloom Energy Corporation $BE Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its stake in shares of Bloom Energy Corporation (NYSE:BE) by 93.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 409,435 shares of the company’s stock after buying an additional 197,433 shares during the period. Bloom Energy accounts for about 1.8% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 9th largest holding. Emerald Mutual Fund Advisers Trust owned 0.17% of Bloom Energy worth $34,626,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds 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 approximately $32,000. Elevation Point Wealth Partners LLC bought a new position in shares of Bloom Energy during the second quarter worth approximately $36,000. NewEdge Advisors LLC increased its stake in shares of Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares during the period. Cranbrook Wealth Management LLC acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Bloom Energy in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Bloom Energy to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Bank of America upped their price target on shares of Bloom Energy from $26.00 to $39.00 and gave the company an “underperform” rating in a research note on Tuesday, November 25th. TD Cowen reiterated a “hold” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Mizuho set a $89.00 price objective on shares of Bloom Energy in a report on Wednesday, October 29th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $53.00 target price on shares of Bloom Energy in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and a consensus price target of $100.57.

Bloom Energy Stock Performance

Bloom Energy stock opened at $145.46 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98. The stock has a market cap of $34.40 billion, a PE ratio of 836.44, a P/E/G ratio of 12.68 and a beta of 3.01. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $155.87. The business’s 50-day moving average price is $107.62 and its two-hundred day moving average price is $82.81.

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

Insider Transactions at Bloom Energy

In related news, insider Maciej Kurzymski sold 3,264 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider owned 90,005 shares of the company’s stock, valued at $7,783,632.40. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jim H. Snabe sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total value of $2,860,800.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 120,410 shares of company stock valued at $16,557,185. Corporate insiders own 3.60% of the company’s stock.

About Bloom Energy

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.