Bloom Energy Corporation $BE Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Bloom Energy Corporation (NYSE:BE) by 30.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,649 shares of the company’s stock after selling 8,730 shares during the period. Los Angeles Capital Management LLC’s holdings in Bloom Energy were worth $470,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA grew its position in shares of Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after purchasing an additional 1,161 shares in the last quarter. Harbour Investments Inc. boosted its stake in 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 buying an additional 1,512 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after buying an additional 1,626 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Bloom Energy in the 1st quarter worth $39,000. Finally, IFP Advisors Inc increased its stake 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 worth $50,000 after acquiring an additional 1,951 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

Shares of BE stock opened at $110.87 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. The firm has a market cap of $26.22 billion, a P/E ratio of 575.28, a P/E/G ratio of 58.35 and a beta of 3.43. The firm’s 50 day moving average price is $98.40 and its 200-day moving average price is $53.10. 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 earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The firm had revenue of $508.69 million during the quarter, compared to the consensus estimate of $425.18 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis. As a group, equities research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

BE has been the topic of several recent research reports. 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. Mizuho set a $89.00 target price on shares of Bloom Energy in a research note on Wednesday, October 29th. Zacks Research cut shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Roth Capital restated a “neutral” rating and set a $103.00 price target on shares of Bloom Energy in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven 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 an average price target of $95.65.

Insiders Place Their Bets

In other Bloom Energy news, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total value of $2,860,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Maciej Kurzymski sold 13,105 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $144.09, for a total transaction of $1,888,299.45. Following the sale, the insider owned 93,269 shares in the company, valued at $13,439,130.21. This trade represents a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 332,065 shares of company stock valued at $26,675,662. 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.