Catalyst Funds Management Pty Ltd Invests $218,000 in Bloom Energy Corporation $BE

Catalyst Funds Management Pty Ltd acquired a new stake in Bloom Energy Corporation (NYSE:BE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,100 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also recently added to or reduced their stakes in BE. Banque Transatlantique SA boosted its position in 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 buying an additional 1,161 shares during the period. Harbour Investments Inc. increased its position in shares of Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after acquiring an additional 1,512 shares during the period. NewEdge Advisors LLC raised its stake in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 1,626 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Bloom Energy in the first quarter valued at $39,000. Finally, IFP Advisors Inc boosted its holdings in Bloom Energy by 1,560.8% in the second quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $50,000 after purchasing an additional 1,951 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Price Performance

Shares of BE opened at $90.02 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. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $147.86. The stock has a market cap of $21.29 billion, a PE ratio of 518.78, a price-to-earnings-growth ratio of 52.62 and a beta of 3.43. The firm has a fifty day moving average price of $102.36 and a 200 day moving average price of $56.00.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) 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 company had revenue of $508.69 million for the quarter, compared to analyst estimates of $425.18 million. During the same quarter last year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Bloom Energy to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company 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 report on Wednesday, October 29th. Wells Fargo & Company lifted their price target on shares of Bloom Energy to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Bank of America increased their price objective on shares of Bloom Energy from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and an average target price of $95.65.

Insider Activity at Bloom Energy

In other Bloom Energy news, CEO Kr Sridhar sold 60,000 shares of the business’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 value of $2,938,200.00. Following the completion of the sale, the chief executive officer owned 2,324,613 shares in the company, valued at approximately $113,836,298.61. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jim H. Snabe sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total transaction of $2,860,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 341,544 shares of company stock valued at $27,784,169 over the last 90 days. 3.60% of the stock is owned by insiders.

Bloom Energy 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.