53,753 Shares in Bloom Energy Co. (NYSE:BE) Acquired by BROOKFIELD Corp ON

BROOKFIELD Corp ON bought a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 53,753 shares of the company's stock, valued at approximately $1,194,000.

• The 6 Best Energy Stocks to Buy Now

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Bloom Energy during the fourth quarter valued at about $93,951,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bloom Energy during the fourth quarter valued at about $61,968,000. Elemental Capital Partners LLC purchased a new position in shares of Bloom Energy in the 4th quarter worth approximately $33,612,000. Trivest Advisors Ltd bought a new position in shares of Bloom Energy during the 4th quarter worth approximately $30,539,000. Finally, Wellington Management Group LLP lifted its position in Bloom Energy by 306.3% during the fourth quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock valued at $30,736,000 after acquiring an additional 1,043,326 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares of the company's stock, valued at $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company's stock.

Bloom Energy Stock Performance

• Uneven Profit Takes Away From Bloom Energy’s Bullish Headlines

Shares of NYSE BE opened at $16.41 on Tuesday. Bloom Energy Co. has a 1 year low of $9.02 and a 1 year high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The company's fifty day moving average price is $20.34 and its 200 day moving average price is $21.24. The company has a market capitalization of $3.78 billion, a PE ratio of -29.30 and a beta of 3.25.

Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.10. The firm had revenue of $326.02 million for the quarter, compared to analysts' expectations of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The company's quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the firm earned ($0.17) EPS. On average, research analysts predict that Bloom Energy Co. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

• Bloom Energy: Powering the Future With Decentralized Energy

Several brokerages recently weighed in on BE. Mizuho upgraded Bloom Energy from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $28.00 to $26.00 in a research note on Monday. TD Cowen raised their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, February 28th. Royal Bank of Canada set a $26.00 price objective on shares of Bloom Energy in a report on Monday, April 14th. Piper Sandler reduced their target price on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Bank of America dropped their price target on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.34.

Read Our Latest Stock Analysis on Bloom Energy

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.

Featured Articles

• Five stocks we like better than Bloom Energy
• REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today
• Monster Beverage Stock: Short Report Risks vs Upside Potential
• Airline Stocks - Top Airline Stocks to Buy Now
• Onsemi Stock Confirms Bottom, But What’s the Upside?
• Short Selling - The Pros and Cons
• 3 Tech Leaders Announce Buybacks Totaling $85 Billion

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Bloom Energy Right Now?

Before you consider Bloom Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloom Energy wasn't on the list.

While Bloom Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here