CFO4Life Group LLC Buys Shares of 9,100 Bloom Energy Corporation $BE

CFO4Life Group LLC purchased a new stake in Bloom Energy Corporation (NYSE:BE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,100 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also made changes to their positions in BE. Banque Transatlantique SA increased its stake in shares of Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after acquiring an additional 1,161 shares during the last quarter. Harbour Investments Inc. raised its holdings in Bloom Energy by 2,160.0% in the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after purchasing an additional 1,512 shares during the period. NewEdge Advisors LLC boosted its position 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 in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Bloom Energy in the 1st quarter valued at $39,000. Finally, IFP Advisors Inc grew its holdings in shares of Bloom Energy by 1,560.8% in the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $50,000 after buying an additional 1,951 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Stock Performance

Shares of BE opened at $110.87 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. The firm has a 50-day moving average of $98.40 and a 200-day moving average of $53.34. The company has a market cap of $26.22 billion, a PE ratio of 621.61, a price-to-earnings-growth ratio of 63.05 and a beta of 3.43. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $147.86.

Bloom Energy (NYSE:BE) last posted its quarterly 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. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The business had revenue of $508.69 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter last year, the company posted ($0.01) earnings per share. Bloom Energy’s quarterly revenue was up 57.1% on a year-over-year basis. As a group, equities analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In related news, Director Mary K. Bush sold 36,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total value of $5,141,520.00. Following the transaction, the director owned 133,524 shares in the company, valued at approximately $19,069,897.68. This represents a 21.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 60,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 2,324,613 shares of the company’s stock, valued at $113,836,298.61. This trade represents a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 332,065 shares of company stock valued at $26,675,662. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BE shares. Robert W. Baird set a $157.00 price objective on Bloom Energy in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Bloom Energy to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. Bank of America raised their price objective on shares of Bloom Energy from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Monday, October 20th. Finally, TD Cowen boosted their price target on Bloom Energy to $105.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Bloom Energy currently has an average rating of “Hold” and an average price target of $95.65.

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.