Occudo Quantitative Strategies LP Acquires Shares of 61,421 Bloom Energy Co. (NYSE:BE)

Occudo Quantitative Strategies LP bought a new position in shares of Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,421 shares of the company’s stock, valued at approximately $1,364,000.

Several other large investors also recently made changes to their positions in BE. Mainstream Capital Management LLC acquired a new position in Bloom Energy during the 4th quarter worth $28,000. Smartleaf Asset Management LLC increased its stake in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after buying an additional 934 shares during the period. Jones Financial Companies Lllp raised its position in shares of Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after acquiring an additional 812 shares during the last quarter. Quarry LP acquired a new position in shares of Bloom Energy during the fourth quarter valued at $35,000. Finally, Avior Wealth Management LLC acquired a new position in shares of Bloom Energy during the fourth quarter valued at $40,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Up 1.4%

Shares of Bloom Energy stock opened at $19.17 on Wednesday. The company has a market capitalization of $4.45 billion, a P/E ratio of -34.23 and a beta of 3.25. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The business has a 50-day moving average of $19.72 and a two-hundred day moving average of $21.51. Bloom Energy Co. has a 1 year low of $9.02 and a 1 year high of $29.83.

Bloom Energy (NYSE:BE) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The business had revenue of $326.02 million during the quarter, compared to analysts’ expectations of $294.27 million. During the same period in the prior year, the business earned ($0.17) EPS. Bloom Energy’s revenue for the quarter was up 38.5% compared to the same quarter last year. As a group, equities analysts predict that Bloom Energy Co. will post -0.23 EPS for the current year.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now owns 178,656 shares of the company’s stock, valued at $4,482,479.04. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the subject of a number of research reports. Royal Bank of Canada set a $26.00 price objective on Bloom Energy in a research report on Monday, April 14th. Redburn Atlantic cut shares of Bloom Energy from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.50 to $10.00 in a research report on Wednesday, April 9th. HSBC upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price objective on shares of Bloom Energy from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.47.

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.