BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $45.53 Million Stock Holdings in Bloom Energy Co. (NYSE:BE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in Bloom Energy Co. (NYSE:BE) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,050,425 shares of the company’s stock after selling 14,551 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 1.80% of Bloom Energy worth $45,526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millburn Ridgefield Corp lifted its position in Bloom Energy by 64.0% during the 1st quarter. Millburn Ridgefield Corp now owns 3,296 shares of the company’s stock worth $37,000 after buying an additional 1,286 shares in the last quarter. BNP Paribas acquired a new position in Bloom Energy during the 1st quarter valued at about $38,000. Quest Partners LLC acquired a new position in Bloom Energy during the 4th quarter valued at about $51,000. Sciencast Management LP acquired a new position in Bloom Energy during the 1st quarter valued at about $133,000. Finally, Fairman Group LLC acquired a new position in Bloom Energy during the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Performance

Shares of BE traded down $0.24 during mid-day trading on Thursday, hitting $15.04. 2,395,679 shares of the company’s stock were exchanged, compared to its average volume of 6,277,872. The company has a debt-to-equity ratio of 2.56, a current ratio of 4.45 and a quick ratio of 2.97. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $18.69. The company has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $12.03.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.09). The company had revenue of $235.30 million during the quarter, compared to analyst estimates of $254.06 million. Bloom Energy had a negative net margin of 22.27% and a negative return on equity of 19.32%. On average, equities research analysts anticipate that Bloom Energy Co. will post -0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BE. Wells Fargo & Company upped their target price on shares of Bloom Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, May 20th. BTIG Research upped their price target on Bloom Energy from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Susquehanna lowered their price target on Bloom Energy from $18.00 to $16.00 and set a “positive” rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Bloom Energy in a research note on Thursday, June 20th. Finally, TD Cowen upped their price target on Bloom Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average price target of $15.64.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director Eddy Zervigon sold 28,150 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $12.86, for a total transaction of $362,009.00. Following the completion of the sale, the director now owns 111,161 shares of the company’s stock, valued at approximately $1,429,530.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Bloom Energy news, Director Eddy Zervigon sold 28,150 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $12.86, for a total transaction of $362,009.00. Following the completion of the sale, the director now owns 111,161 shares of the company’s stock, valued at approximately $1,429,530.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kr Sridhar sold 40,112 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $11.93, for a total value of $478,536.16. Following the sale, the chief executive officer now directly owns 2,742,496 shares of the company’s stock, valued at approximately $32,717,977.28. The disclosure for this sale can be found here. Insiders sold 71,516 shares of company stock valued at $885,088 in the last quarter. 8.81% of the stock is currently 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.